Vung Ang economic zone lures investors

The People’s Committee of the central province of Ha Tinh granted three investment licences for new operations at the Vung Ang Economic Zone.
The People’s Committee of the centralprovince of Ha Tinh granted three investment licences for newoperations at the Vung Ang Economic Zone.

Two firmsfrom the Republic of Korea, Vision Land Co Ltd and Humantech Co,received licences and will bring more than 50 million USD in investmentcapital in their first stage.

Addition of these two new projects will bring total foreign directinvestment (FDI) projects in the Vung Ang zone up to 60, with acombined investment capital of more than 180 trillion VND (9.5 billionUSD), according to the zone’s website.

The third licence was granted to the HCM City Trade and Production Company.

The zone was expected to lure FDI firms this year from a wide range ofsectors, including manufacturing, trade, vocational training schools,services, particularly port services, said Vo Kim Cu, deputy head ofthe provincial People’s Committee and director of the economic zone’smanagement board.

A granting ceremony was held last week by the zone’s management boardand Human Tech E&C Co in HCM City, which was also used as aninvestment promotion seminar.

The event attracted 150 participants from the RoK, Taiwan, India and other countries and territories.

Vung An was founded in 2006 under a Government decision. It was builton a total area of 22.780ha with competitive advantages in the fieldsof trade, services, eco-tourism and resorts./.

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