Quang Tri: over 1.7 bln USD poured into economic, industrial zones

Economic zones and industrial parks in the central province of Quang Tri attracted over 40 trillion VND (over 1.7 billion USD) from 150 investment projects as of July this year.
Quang Tri: over 1.7 bln USD poured into economic, industrial zones ảnh 1A BOT toll station in Quang Tri province (Source: VNA)

QuangTri (VNA) - Economic zones and industrial parks in the central provinceof Quang Tri attracted over 40 trillion VND (over 1.7 billion USD) from 150investment projects as of July this year.

Quang Tri is currently home to the southeast coastal economic zone, Lao Bao special economic zone and three IPs,namely Nam Dong Ha, Quan Ngang and Tay Bac Ho Xa. These have lured a greatnumber of investment projects, mainly in the fields of thermal and gas-fueled power,and infrastructure development.

The My Thuy deep sea port, invested by the My Thuy International Port JointVenture Company with total capital of 14 trillion VND (over 602.4 million USD),is among major projects implemented in the locality. Covering an area of 685 ha,the port includes 10 ports, which are capable of receiving 100,000-tonne ships.

The Lao Bao special economic zone located in the East-WestEconomic Corridor, has attracted 50 projects in service, garment andprocessing.

Meanwhile, thelocal IPs are attractive to investors in garment for export, mediumdensity fibreboard (MDF) production, and high-techagriculture.

Moreand more foreign enterprises are interested in IPs and economic zones in QuangTri.

The Electricity GeneratingAuthority of Thailand invested in Quang Tri 1 Thermal PowerPlant a capacity of 1.320MW under the form of build-operate-transfer(BOT); and the Gazprom Group of Russia injectedmoney in a gas power plant with a capacity of 340 MW.

Industrial production value in economic and industrial zones in Quang Tri hasreached nearly 5 trillion VND, creating jobs for about 6,000 workers.

Thelocal authorities have offered many incentives on taxes, insurance, and land,aiming to lure more enterprises to invest in economic and industrial zones. Thelocality gives priority to investment projects in energy development, towardsturning it into an energy centre in the north central region.

According to Chairman of the provincial People's Committee Nguyen Duc Chinh,the locality aims to have 5,000 MW of electricity from thermal, gas, wind,solar and hydropower plants by 2025.-VNA
VNA

See more

Many banks in Vietnam promote green credit for sustainable growth. (Photo: VNA)

State bank launches tool to facilitate green finance

As of March 2025, 58 credit institutions in Vietnam had outstanding green loans, a sharp increase from 15 in 2017. The average growth rate of outstanding green loans in the 2017-2024 period reached over 21% per year, higher than the growth rate of outstanding loans for the economy.

Deputy Minister of Industry and Trade Nguyen Hoang Long said Vietnam supports ASEAN's stance in developing comprehensive, flexible, and practical strategic approach to strengthen intra-bloc economic autonomy. (Photo: Ministry of Industry and Trade)

Vietnam backs ASEAN’s strategic approach to economic resilience, partnership

Vietnam vows continued close coordination with ASEAN and partner countries to identify cooperation opportunities in potential areas of mutual interest, including effectively leveraging the ASEAN-China Free Trade Agreement (ACFTA 3.0) and the Regional Comprehensive Economic Partnership (RCEP) to address current challenges and work towards a transparent, stable, and fair international trade environment.

The Sun PhuQuoc Airways (SPA) project is expected to bolster Phu Quoc’s tourism. (Photo: VNA)

Investment plan for Sun PhuQuoc Airways approved

Sun PhuQuoc Airways is scheduled to commence operations in the fourth quarter of 2025, with initial routes linking Phu Quoc to prominent economic and tourism centres in Vietnam and abroad.

A view of the conference. (Photo: VNA)

Banks need to promote data analysis to minimise financial crime

The SBV has also recently issued Decision No. 67/QD-NHNN on a digital transformation project aimed at deploying core utilities for the development of the banking sector, ensuring connection with Project 06. Under the project, the SBV requires financial institutions to use the national database on population, identification and electronic authentication for banking activities, thereby supporting digital transformation and enhancing the effectiveness of crime prevention.