Taiwan company proposes 2.5 bln USD projects in Vung Ang
The Wei Yu Engineering Limited Company from Taiwan (China) has sought licences for its projects on breeding, food industry and seaport construction, totalling 2.5 billion USD in Ha Tinh's Vung Ang EZ.
Ha Tinh province’s Vung Ang Economic Zone.(Source: bizlive.vn)The project on breeding and food industry is proposed to have an investment of 1 billion USD. It will involve poultry breeding and vegetable farming on an area of 800 hectares, and the construction of manufacturing factories.
The other on seaport development is to cost 1.5 billion USD. It is proposed to build wharfs at Vung Ang port and a 96.8 hectares logistic area, reported Sai Gon Giai phong newspaper.
These projects are said to employ 10,000 local people in the first phase and expected to provide a total 30,000 jobs in the remaining phases.
According to the provincial Planning and Investment, the two projects are suitable with the locality’s economic development plant.
However, the company’s proposals have yet to identify environmental treatment measures.
The projects are being carefully scrutinized by local relevant authorities.-VNA
You should also see
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
See more
Business
Dak Lak firm pioneers in following EUDR in coffee production
The Dak Lak September 2 Import-Export Company Limited (Simexco) has pioneered in building coffee growing areas following the EU Deforestation Regulation (EUDR), it announced on April 25.
Business
Dong Nai calls for Korean investment into green growth
The southern province Dong Nai introduced its investment projects and incentives to the Republic of Korea (RoK)’s firms at a workshop in Seoul on April 25.
Business
Vietnam ranks fifth among aquatic product suppliers for Singapore
Vietnam jumped one place to become the fifth largest exporter of aquatic products to Singapore for the first time in the first quarter of this year, according to its Trade Office in the city state.
Business
Forum seeks ways to boost exports amid external challenges
Experts gathered at a forum in Ho Chi Minh City on April 25 to seek ways to untangle knots in terms of capital and market for exporters in the context that the ongoing conflicts in many regions are disrupting international trade.
Business
Enterprises want clearer regulations on seafood production
It is necessary to develop more detailed and consistent regulations on seafood production for export in line with the implementation of solutions towards sustainable and responsible fishing practices, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
