The Dung Quat Economic Zone in the south-central coastal province of Quang Ngai will be expanded from its 10,000 ha to 45,000 ha by 2025.
This was announced at a ceremony held by the Quang Ngai provincial People’s Committee on June 4.
Under the Prime Minister’s decision to adjust the master development plan for the Dung Quat Economic Zone between now and 2025, the zone will incorporate part of Binh Son, Son Tinh, and Ly Son districts.
(source : quangngai.gov.vn)
Dung Quat is a multi-sector economic zone including industry, trade, services, urban centres, agriculture, and forestry. Oil refineries, chemicals, and heavy industry will still be the main focus of the zone.
On the same day, the Dung Quat Economic Zone Authority licenced three new projects with a total registered capital of VND1.7 trillion ($85 million).
Dung Quat has so far licenced 120 projects totaling VND150 trillion ($7.5 billion), 60 of which are already in operation, creating jobs for 12,000 labourers.
(VOV)
- PM approves Hanoi Master Plan
- Hanoi has big capital needs
- New decree on land use fees
- Foreign investors pull out of local property market
- Kumho Asiana Plaza turns retail space to food space
- Residents Illegally sell land at Good Choice Vietnam Project
- East offers profits for southern hub investors
- Southern hub property cycle near bottom
- Property: Now’s the time to buy
- PPP projects slow to gain sufficient traction
