ID :
18996
Thu, 09/11/2008 - 22:37
Auther :
Shortlink :
http://m.oananews.org//node/18996
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Central economic zone booming
HCM City (VNA) - The central economic zone is poised to catch up with its northern and southern counterparts as it attracts increasing amounts of foreign and domestic capital, regional authorities say.
They are also buoyed by the upcoming inauguration of the country's first oil
refinery in Dung Quat.
The key economic zone comprises Da Nang City and the provinces of Thua
Thien-Hue, Quang Nam , Quang Ngai and Binh Dinh.
Over the last eight months, 49 new foreign invested projects have been
licensed in the region with a total registered capital of 1.8 billion USD,
compared to 1.65 billion USD for the whole of 2007.
The biggest of these projects involves the development of a new urban area
with eco-tourism facilities worth more than 1 billion USD. In addition to
new investments, existing projects have registered to add capital to expand
production. So far this year, four projects have applied to raise an
additional capital of 25 million USD.
Authorities say this is evidence that foreign businesses are willing to
invest more money in the region to capitalise on its resources for social
and economic development plans.
As of last month, the economic zone had hosted 264 foreign invested projects
with a registered capital of 5.8 billion USD, averaging about 20 million USD
for each project.
On the anvil are several large investment projects involving transport
infrastructure, industrial production, and tourism facilities that are
awaiting government approval.
The foreign invested projects are making remarkable contributions to the
industrialisation and modernisation of the region, and expediting the region's
economic renewal and integration into global economy, authorities say.
The region is also attracting several domestic investment projects,
particularly in aquaculture development.
Quang Ngai based Dung Quat Oil Refinery, the first in Vietnam , is said
to be on target to begin operations next February.
Regional authorities are confident that this would provide a huge fillip
to economic development in the region, enabling it to catch up with other
parts of the country.-Enditem
They are also buoyed by the upcoming inauguration of the country's first oil
refinery in Dung Quat.
The key economic zone comprises Da Nang City and the provinces of Thua
Thien-Hue, Quang Nam , Quang Ngai and Binh Dinh.
Over the last eight months, 49 new foreign invested projects have been
licensed in the region with a total registered capital of 1.8 billion USD,
compared to 1.65 billion USD for the whole of 2007.
The biggest of these projects involves the development of a new urban area
with eco-tourism facilities worth more than 1 billion USD. In addition to
new investments, existing projects have registered to add capital to expand
production. So far this year, four projects have applied to raise an
additional capital of 25 million USD.
Authorities say this is evidence that foreign businesses are willing to
invest more money in the region to capitalise on its resources for social
and economic development plans.
As of last month, the economic zone had hosted 264 foreign invested projects
with a registered capital of 5.8 billion USD, averaging about 20 million USD
for each project.
On the anvil are several large investment projects involving transport
infrastructure, industrial production, and tourism facilities that are
awaiting government approval.
The foreign invested projects are making remarkable contributions to the
industrialisation and modernisation of the region, and expediting the region's
economic renewal and integration into global economy, authorities say.
The region is also attracting several domestic investment projects,
particularly in aquaculture development.
Quang Ngai based Dung Quat Oil Refinery, the first in Vietnam , is said
to be on target to begin operations next February.
Regional authorities are confident that this would provide a huge fillip
to economic development in the region, enabling it to catch up with other
parts of the country.-Enditem
