Japan Firm Eyes Investment Opportunities in Vietnam EZ
Japan’s Marubeni Group has met with authorities of the Vietnam’s central province of Quang Ngai to show their interest in Dung Quat economic zone (EZ).
At the meeting, Marubeni Group showed much interest in building the Dung Quat II deepwater port, expecting to develop it into one of the three largest container ports in Vietnam.
The province welcomed Marubeni’s plan, pledging incentives for the group to develop the project, said Chairman of the provincial People’s Committee Nguyen Xuan Hue.
Local authorities are seeking the Vietnamese government’s approval to transfer the zone into Dung Quat city which is considered as a good chance for both foreign and domestic investors.
Dung Quat Economic Zone has licensed 116 domestic and foreign-invested projects totaling VND150 trillion (US$7.85 billion) so far.
As of July 20, Japanese firms have poured US$19.58 billion into 1,244 projects in Vietnam, ranking the 3rd among the countries and territories making investment in the country, the Vietnam Ministry of Planning and Investment’s figures showed. (VNA)
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