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Van Phong economic zone attracts over 150 investment projects

The Van Phong Economic Zone (EZ) in the central province of Khanh Hoa has so far attracted 153 investment projects, of which 89 have become operational.
At the construction site of the Van Phong electricity plant (Photo: VNA)
At the construction site of the Van Phong electricity plant (Photo: VNA)
 
Khanh Hoa, January 7 (VNA) – The Van Phong Economic Zone(EZ) in the central province of Khanh Hoa has so far attracted 153 investmentprojects, of which 89 have become operational.

Of the total projects, there are 30 foreign-funded ones,whose registered capital amounted to approximately 4.1 billion USD.

The Van Phong electricity plant project is the biggest amongthem, with its investment reaching 2.58 billion USD and its constructionstarting in October last year. The build-operate-transfer project is expectedto create 2,000 jobs and account for 4 percent of the total electricitygenerated nationwide once it is put into operation in 2023.

According to the management board of the zone, Van Phong hascontributed more than 20.95 trillion VND (906.56 million USD) to the provincialbudget and created over 6,200 jobs.

Nguyen Khac Dinh, Secretary of the provincial PartyCommittee, said investment projects in the EZ have created employment,supported local infrastructure building, and helped lifting people’s livingstandards. 

Aiming to turn Van Phong into a strategic coastal EZ in thenation and the region, Khanh Hoa is focusing on infrastructure development bycapitalising on all prioritised assistance from the Government.

Meanwhile, the provincial People’s Committee is working with neighbouring localitieswhich boast great potential like Phu Yen and Dak Lak provinces to build aregional connectivity strategy./.
VNA
#Van Phong Economic Zone #Khanh Hoa #foreign-funded projects #build-operate-transfer project #Van Phong electricity plant #Vietnam #vietnam news agency #vietnamplus Khanh Hoa
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