Vung Ang economic zone draws in 12 billion USD

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Báo QĐND English - 39 month(s) ago 5 readings

Vung Ang economic zone draws in 12 billion USD

The Vung Ang Economic Zone. Photo: viipip

The Vung Ang Economic Zone in the central province of Ha Tinh, has attracted nearly 12 billion USD from 103 investors, including 24 foreigners, since its inception five years ago.

The figures were released by Ho Anh Tuan, Head of the Management Board of the Vung Ang Economic Zone on July 10.

Covering an area of nearly 23,000 ha with advantages in the fields of trade, services, eco-tourism and resorts, the zone is now home for many national key projects.

Of them, the Vung Ang oil and gas depot, the Bac Trung Bo liquefied gas depot, the Vung Ang port and a number of factories to process forestry products for exports were completed and have been put into operation.

A number of other large projects are gearing up, including 1,200 MW Vung Ang 1 thermoelectric power plant, with an investment capital of 1.56 billion USD and Son Duong-Formosa steel and port complex of Taiwan (China) that has an investment capital of 7.9 billion USD for the first phase.

Many other large-scale projects are completing procedures for investment licences. They include a 16 million-tonne- a-year oil refinery worth 12.47 billion USD, a 2 billion-tonne-a-year steel plant and 1,200 MW Vung Ang 2 thermoelectric power plant.

Source: VNA

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