Business

Nearly 200 projects registered in Quang Tri's IPs

Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)
The Lao Bao border gate, Huong Hoa district, Quang Tri province. (Photo: VNA)

Quang Tri (VNA) - Two economic zones and two industrial parks in the central province of Quang Tri have so far attracted nearly 200 investment projects, with a total registered capital exceeding 172.4 trillion VND (6.78 billion USD) and a planned land use of over 5,978ha.

Quang Tri currently operates the Southeast Economic Zone and the Lao Bao Special Economic Zone, alongside the South Dong Ha and Quan Ngang Industrial Parks. Additionally, three new IPs are in the pipeline.

These EZs and IPs have posted annual revenue of approximately 10 trillion VND, contributed 500 billion VND to the State budget and provided jobs for 6,700 workers, with an average monthly income of 6.9 million VND per person.

To boost economic growth, Quang Tri is accelerating industrial park development and adjusting economic zone planning. The Quang Tri Industrial Park in Hai Lang district, with a 2.1 trillion VND investment, began construction in December 2023. Once operational after 12 years, it will create 30,000–40,000 jobs in industries such as textiles, footwear, packaging, wood processing, furniture, and food production.

The Trieu Phu IPs in Trieu Phong district, set to break ground in Q1 2025 with a 4.53 trillion VND investment, is slated for operation by 2030. It will prioritise industries utilising local raw materials, including agriculture, forestry, seafood processing, mechanical engineering, and construction materials production. The 925 billion VND Northwest Ho Xa IP in Vinh Linh district is scheduled for construction in Q2 2025, focusing on wood processing, fertilisers, seafood processing, solar energy, and garment.

The province is also finalising adjustments to the master plan for the Southeast Economic Zone, initially established in 2015 with a scale of 23,792ha. The planned expansion by 2,300ha aims to develop key projects in seaports, industry, logistics, non-tariff trade, energy, and aviation. Additionally, it is refining a project to build the Lao Bao–Densavan Cross-Border Economic-Trade Zone, building on the existing Lao Bao Special Economic-Trade Zone, to be submitted to the Prime Minister.

Acting Chairman of the provincial People’s Committee Ha Sy Dong stressed the province’s commitment to facilitating business operations by enhancing dialogue with investors to remove obstacles facing them, and attracting more investment into its EZs and IPs./.

VNA
#Quang Tri economic growth #Quang Tri investment attraction Quang Tri
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