Dung Quat Economic Zone reels in investment
The Dung Quat Economic Zone in the
central province of Quang Ngai has so far this year granted business
licences to seven new domestic and foreign-invested projects worth
nearly 1.6 trillion VND (85 million USD).
The Dung Quat Economic Zone in the
central province of Quang Ngai has so far this year granted business
licences to seven new domestic and foreign-invested projects worth
nearly 1.6 trillion VND (85 million USD).
The new additions bring the total number of projects in the zone to 111, with a combined registered capital of 7.6 billion USD, with over half of this sum, or 4.1 billion USD, already disbursed.
The zone has revoked the licences of 22 other projects due to excessive delays in being carried out or because their investors did not have the ability to manage them.
According to Nguyen Xuan Thuy, head of the management board, the zone is attempting to make itself more attractive to investors by ensuring new sites are cleared and relocated families are supported for 24-36 months, by providing them with vocational training and creating local jobs./.
The new additions bring the total number of projects in the zone to 111, with a combined registered capital of 7.6 billion USD, with over half of this sum, or 4.1 billion USD, already disbursed.
The zone has revoked the licences of 22 other projects due to excessive delays in being carried out or because their investors did not have the ability to manage them.
According to Nguyen Xuan Thuy, head of the management board, the zone is attempting to make itself more attractive to investors by ensuring new sites are cleared and relocated families are supported for 24-36 months, by providing them with vocational training and creating local jobs./.
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