Dung Quat EZ Attracts in US$5.3Bln Investment
Dung Quat Economic Zone (EZ), home to Vietnam’s first oil refinery, in central Quang Ngai province has to date lured 119 projects worth a total US$5.3 billion, local media said.
In the first half of this year, the EZ management board licensed 12 projects and approved 21 others totaling around VND4 trillion (US$250 million).
The rapidly-growing EZ is expected to attract 25 projects from both domestic and foreign investors worth a total VND5 billion (around US$312.5 million).
The zone also set a goal to raise combined disbursed investment to US$1.5 billion and provide jobs for 4,000 laborers by the year’s end.
Enterprises in the zone obtained industrial production value of VND122.4 billion (US$7.6 million) and export revenue of US$8.8 million between January and March this year, fulfilling 22 per cent and 29.6 per cent of the year’s plan respectively. (Saigon Liberated)
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