The Kinh Bac Corporation on April 27 broke the ground for the construction of the Phuong Nam Industrial Zone (IZ) in Uong Bi town in the northern coastal province of Quang Ninh.

Located by national highways 10 and 18, the 1 trillion VND (53 million USD) project is designed to attract high-tech businesses. The IZ is expected to attract 1-2 billion USD in foreign direct investment (FDI) and create more than 50,000 jobs for local people involved in import and export activities.

Located in the Hanoi-Hai Phong-Quang Ninh economic triangle, Quang Ninh has given special priority to developing hi-tech industries to restructure its economic sector./.