Vung Ang EZ attracts 79 projects worth 16 billion USD

The Vung Ang Economic Zone in the central coastal province of Ha Tinh has attracted 79 projects with registered capital totalling over 16 billion USD to date.
The Vung Ang Economic Zone in the central coastal province of Ha Tinh has attracted 79 projects with registered capital totalling over 16 billion USD to date.

According to Ho Anh Tuan, head of the zone, these 79 projects include 44 domestic and 35 foreign invested ones.

In the first seven months of 2013, investment licences were granted for 14 projects in the zone with total capital of more than 500 million USD.

One of the largest projects in the zone aims to build a 10 billion USD steel factory and sea port invested by Formosa Heavy Industries Corporation from Taiwan, China.

Vung Ang EZ, one of the country's five key coastal economic zones, was founded in 2006, covering an area of 22.78ha in Ky Anh District.

Firms based in the zone have so far created over 15,000 jobs.-VNA

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