Sunday, June 08, 2008

Vietnam's Dung Quat EZ lures 27 more projects

The Dung Quat Economic Zone in central Quang Ngai province has so far this year attracted 27 more projects, with a combined capital of around 500 million USD.

The projects have brought the total number of investments licensed or accepted by the Dung Quat Economic Zone Management Board to 161, valued at more than 10 billion USD.

The economic zone is expected to report an industrial, trade and service value of 1 trillion VND and generate 2,250 new jobs in the first half of this year. A total 350,000 tonnes of cargos are estimated to go through its Dung Quat Port in the period.

The management board said it is accelerating the expansion of the economic zone from the current 10,300 ha to 50,000 ha to be capable of receiving large projects such as an oil refinery, a steel mill and a thermo-electric power plant.