3:26:37 PM | 7/8/2005
The Prime Minister has just signed a Decision to establish Dung Quat Economic Zone Management Board under direction of the Prime Minister and on the basis of Dung Quat Industrial Zone Management Board. The newly established board is responsible for the annual and long-term planning of the economic zone, including decisions on preferential treatment, State bonds and mobilisation of capital.
In particular, the board can grant investment licenses to foreign invested projects up to US$40 million, projects with 80 per cent of output for export and FDI projects conforming to the planning of the economic zone. The board can also grant business registration and establishment of representative offices in the economic zone.
Vietnamese
