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Dung Quat zone to be expanded
The People's Committee of Quang Ngai Province held a ceremony last Saturday to introduce a decision, approved by the Prime Minister, to expand the Dung Quat Economic Zone from 10,300ha to 45,332ha by 2025.
Expansion of the Dung Quat EZ, long considered one of Viet Nam's most dynamic, will incorporate part of Quang Ngai Province's Binh Son, Son Tinh and Ly Son districts and is aimed at contributing to the province's high economic growth.
The expanded Dung Quat EZ is set to serve as a multi-sector investment destination for industry, trade, services, agriculture and forestry as well as petro-chemistry, steel production and ship-building, related to the development of a deepwater seaport in the area.
Together with the urban areas of Van Tuong, Doc Soi, Chau O – Binh Long, the EZ will additionally serve as a transport hub for the central and Tay Nguyen (Central Highlands) areas.
According to official figures, the expanded economic zone is set to house around 482,000 residents, including 310,000 urban dwellers, by 2015.
Cao Khoa, Deputy Secretary of the Quang Ngai Party Committee, said that the expansion would offer the province an opportunity to develop Dung Quat into a city and an industrial hub while providing a seaport service to the Central Key Economic Zone.
He added that the development of the economic zone would play an integral part in the rapid and sustainable development of Quang Ngai, turning it into an industrialised province by 2020.
The Dung Quat Economic Zone Authority granted licences to three investment projects with a total registered capital of VND1.7 trillion (US$83 million).
Dung Quat has so far licensed 120 projects, capitalised at VND150 trillion ($7.3 billion), 60 of which are already in operation, creating 12,000 jobs.
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