Change of Strategy Benefits Dung Quat EZ

Four new projects have been licensed to operate in Dung Quat Economic Zone, increasing the investment capital by VND46 trillion (US$2.2 billion).

 

They include a US$2 billion thermoelectric plant to be built by the Sembcorp Utilities Company from Singapore; a VND3.8 trillion Industry – Service - Urban Zone project by the Vietnam - Singapore Industrial Zone Company and two projects to build harbours with a combined investment of VND1.4 trillion VND (US$67.2 million).

 

The Vice Chairman of Quang Ngai Provincial People’s Committee and Head of Dung Quat Economic Zone’s Management Committee Pham Nhu So, said that the initial success in drawing investment into Dung Quat had been due to the province changing its strategy and focusing on businesses from ASEAN and East Asia as well as drawing up suitable policies to support them.

 

The new projects included, Dung Quat Economic Zone now houses 115 projects with a total capital of VND174 trillion, approximately US$8.3 billion, including 15 foreign direct investment projects worth US$5.74 billion.