Monday, March 17, 2008

Dung Quat industrial park appealing to investment

13:19' 16/03/2008 (GMT+7)

VietNamNet Bridge - So far, 144 projects have registered to invest in Dung Quat industrial park in the central province of Quang Ngai , of them 95 have received licenses.

Major projects include an oil refinery invested by the Viet Nam Oil and Gas Group (PetroVietnam) with an investment of 2.5 billion USD and a 3 billion USD steel project by the Tycoons Worldwide Steel company.

Other projects include a shipyard built by Vinashin at a cost of almost 400 million USD, a 260 million USD plant by the Doosan-Viet Nam Heavy Industry Ltd. Co., and a polypropylene factory by the PetroVietnam with an investment of 200 million USD.

Other 49 projects, capitalized at 10.5 billion USD, have got approval for investment by either the Government or the park’s management board.

So far, 43 projects have been put into operation, providing jobs for over 10,000 workers with two-thirds being locals.

The management board head, Tran Le Trung, said the park has fulfilled the the target on investment licensing set forth by the province for 2010.

He added that up to 2010, the park will need some 31,000 workers for various industries, especially mechanics.

To meet demands for skilled workforces, Provincial People’s Committee Chairman Nguyen Xuan Hue has approved a programme of vocational training and labour supply for the park in the 2008-2010 period with a budget of over 212 billion VND to train 29,000 skilled workers

(Source: VNA)