Dung Quat eyes to lure US$13-bn investment by 2015

VGP - The Dung Quat Economic Zone will strive to lure a US $13 billion investment, including realized capital of US $8 billion in the 2012-2015 period, according to a plan recently approved by the Quang Ngai People’s Committee.

June 17, 2012 1:11 PM GMT+7

The zone is also expected to handle 25 million tons of cargo via its deepwater seaport and create some 20,000 jobs. Its industrial production value is projected to rise 17-18% annually.

Quang Ngai will allocate more resources to develop Dung Quat into a multi-sectoral economic zone, with focus on petrochemistry, engineering, shipbuilding, metallurgy and light industry.

The province also planned to turn the zone into one of industrial-urban and service centers of the central region.

To this end, Quang Ngai will create more favorable conditions for both foreign and domestic investors to do business in the zone.

The zone has attracted 115 projects with total registered capital of over US $8 billion. Since January, four projects with total registered capital of over VND46 trillion have been licensed in the zone.

By Ngoc Van