Five more projects licensed in Dung Quat
QUANG NGAI — The Dung Quat Economic Zone Management Authority in the central province of Quang Ngai has granted business licenses to five new investment projects. The new initiatives in the Economic Zone (EZ) will bring with them a registered capital of VND304.1 billion (nearly US$19.3 million).
In the first 10 months of this year, authorities have issued licenses for 12 new investment projects worth VND1.454 trillion ($98 million), bringing the total number of licensed projects in the national economic zone up to 42. These initiatives represent VND31.721 trillion ($2 billion) in investment capital.
According to Pham Ngoc Trung, head of the authority’s Department of Investment Management, 20 projects that together represent VND1.77 trillion ($108 million) have been approved and will be licensed by early next year.
The new projects include Ngoc Linh Hotels and Services Area, the Thanh Do Liquor and Beer Factory, a mineral processing plant and a milk powder plant.
The biggest project, worth VND188 billion ($11.9 million), will seek to produce 12,000 light lorries a year. Funded by the Dai Cat Tuong Joint Stock Company, the initiative will be carried out on 6.9ha of land in the Sai Gon-Dung Quat Sub-zone. The project will enjoy the same investment incentives as those offered in the economic zone and special incentives applied particularly to the sub-zone, according to the authority.
The Ngoc Linh Hotels and Service Complex will be constructed on 13,000sq.m with an initial investment of VND18.7 billion.
The project will include a seven-floor, three-star hotel with 64 rooms and a service area featuring restaurants, a conference hall and offices for lease.
Located in the Doc Soi urban area, this project is expected to contribute to the completion of the service system in the Dung Quat EZ, particularly in the light industrial area west of the EZ and in the Sai Gon-Dung Quat Sub-zone. — VNS
