Business

Quang Ngai IZs attract 5.4 million USD

The Quang Ngai Industrial Zones (IZs) Authority has granted investment licences to three new projects worth 71 billion VND (approximately 3.2 million USD).
Quang Ngai IZs attract 5.4 million USD ảnh 1Dung Quat industrial zone (Source :quangngai.gov)

The Quang Ngai Industrial Zones (IZs) Authority has granted investment licences to three new projects worth 71 billion VND (approximately 3.2 million USD).

These projects included a 18 billion VND (804,000 USD) plant producing galvanised steel and welding material, being developed by Viet Quang Ltd Co, in Tinh Phong IZ. With a monthly capacity of 4,000 tonnes, the plant will be operational in the middle of 2017.

Two others were a 31 billion VND (1.38 million USD) carton packaging manufacturing factory, being financed by PQ Vina Co and a 22 billion VND (982,000 USD) plant to supply plastic products, being invested Minh Tien Ltd Co. Both of them will be developed in Quang Phu IZ.

The authority last week also allowed a petroleum project, being invested by Mien Trung Petroleum Services and Trading JSC, to raise capital by 49 billion VND (about 2.2 million USD).

The authority said the latest addition has brought the total investment registered in the province's IZs since the beginning of this year to 620 billion VND (28 million USD), almost triple the target set for this year.

According to the province's official website, Quang Ngai will continue to improve the quality of investment promotion and will coordinate with the Vietnam-Singapore Industrial Park to promote potential investors to IZs and the Dung Quat Economic Zone.

The province will also improve its investment and business environment while mobilising resources and capital investment for infrastructure in Dung Quat EZ and other zones.-VNA

VNA
#Quang Ngai #IZs #invesment #projects Quang Ngai
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