ID :
24031
Sun, 10/12/2008 - 20:45
Auther :
Shortlink :
http://m.oananews.org//node/24031
The shortlink copeid
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
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
