US$ 10, 5 bln invested into Dung Quat Economic Zone

The People’s Committee of Quang Ngai province and the Management Board of Dung Quat Economic Zone (EZ) co- held a ceremony of the 20th anniversary founding of Dung Quat Economic Zone (August 16th, 1996- 2016).

Management Board of Dung Quat Economic Zone receives the first class Labor Medal. (Photo:SGGP)

On the occasion, the Management Board of Dung Quat Economic Zone received the first class Labor Medal. The Prime Minister also granted certificates to two outstanding groups and individuals. The People’s Committee of Quang Ngai also presented many certificates for outstanding groups and individuals in developing Dung Quat Economic Zone.

In 1994, the Government decided to build the first oil refinery in the country which is located at Dung Quat with total investment capital of over US$ 4 billion.

From 2006- 2010, Dung Quat Economic Zone became one of the key projects creating great development of Quang Ngai province on industrial output, export turnover and state’s budget revenues, and helping Quang Ngai become one of the highest earning provinces.

The period of 2011- 2015 marked powerful investment attraction into Dung Quat Economic Zone. Up to now, Dung Quat Economic Zone has total 132 investment projects with total registered capital of US$ 10, 5 billion. Of these, there are 28 foreign direct investment (FDI) projects worth US$ 6, 5 billion and 104 projects of domestic investors with nearly US$ 5 billion.

Value of industrial, trade and services output last year reached VND 87, 600 billion. Export turnover up to US$ 230 million. Total mass of cargo transported through the port in Dung Quat was16 million tons. The province creates more than 15, 000 jobs for local workers.

Speaking at the anniversary ceremony, Deputy Chairman of the People’s Committee of Quang Ngai Mr. Dang Van Minh stressed that management board needs to research and provide ideas for local authorities to improve further regional investment environment, attract infrastructure investment and human resources and others.

The management board should assist domestic and foreign investors and expansion of Dung Quat oil refinery, VSIP Quang Ngai and the Dung Quat industrial park and urban area, he said.

Van Tuong urban area is located at Dung Quat Economic Zone. (Photo:SGGP)

By Nguyen Dac Thanh- Translated by Huyen Huong

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