Big investment in Quang Tri’s south-east economic zone hinh anh 1A corner of Quang Tri province (Photo: VNA)

Quang Tri (VNA) –
The south-east economic zone in the central province of Quang Tri has been drawing a large number of domestic and foreign investors, with capital amounting to tens of trillions of dong.

Covering nearly 24,000ha, the zone spreads across 17 coastal communes and towns in Hai Lang, Trieu Phong and Gio Linh districts, driving development in the locality, central region and East-West economic corridor.

In 2019, two projects worth a total 69 trillion VND (2.97 billion USD) will be carried out in the zone. 

They are Quang Tri 1 thermal power plant worth some 55 trillion VND invested by Electricity Generating Authority of Thailand (EGAT) International Company Limited and My Thuy Port by My Thuy International Port Joint Venture Company.

Construction on the first project will begin in June with a designed capacity of 1,320MW. This is one of the biggest investment projects in Quang Tri so far.

Meanwhile, work on the My Thuy Port will commence in Hai An commune, Hai Lang district, in September. It covers 685ha with 10 wharves able to receive ships of 100,000 tonnes.

The south-east economic zone is preparing to welcome other big projects such as Quang Tri 2 thermal power plant invested by the Republic of Korea’s Western Power Co. Ltd. and a gas-fuelled power plant by Russia’s Gazprom company.

Investors that have capabilities in capital and technology from Singapore and Japan are also promoting investment in infrastructure, seaports and energy.-VN