Dung Quat economic zone in central Quang Ngai province has to date turned the green light to 126 investment projects with total registered capital of VND139 trillion (US$8.69 billion), said Tran Le Trung, head of the managing board.
Of the total, local authorities have licensed to 80 projects worth VND83,694 billion (US$5.23 billion) while approving 46 investment projects valued at VND55,412 billion (US$3.46 billion), Trung elaborated.
Since the beginning of this year, over 20 projects worth VND5 trillion (US$312.5 million) have been certified, the official said.
Forty operational projects in the zone are expected to generate a total industrial production value of VND600 billion (US$37.5 million), service revenues of VND50 billion (US$3.12 million), and export earnings of US$30 million this year.
Port No. 1 in the zone has carried 600,000 tons of cargos this year, the official said, adding that the zone has created jobs for 4,000 labors.
The zone has contributed VND550 billion (US$34.38 million) to the State budget.
The managing board has targeted to attract more 20 projects capitalized at US$300 million, attain export revenue of US$40 million and service income of VND70 billion (US$4.38 million), and generate a total industrial production value of VND1 trillion (US$62.5 million) in 2008.
The port is expected to carry one million tons of cargos next year, Trung said, while noting that the zone is estimated to contribute VND700 billion (US$43.75 million) to the State budget and generate jobs for 5,000 labors in the year.
Recently, Prime Minister Nguyen Tan Dung has approved a general plan on the development of fast-growing Dung Quat EZ up to 2020, aiming to turn it into a central region’s urban-industrial-service center in the near future.
Under the plan, the 10,300-ha Dung Quat will be developed into a multi-sector EZ covering the areas of industry, trade, tourism, services, urban areas and agro-forestry-fishery business, with oil refinement and petro-chemistry being its spearhead sectors. (Pioneer)
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