The 7-year-old Vung Ang Economic Zone (EZ) in the central provinceof Ha Tinh has gradually taken shape as a large-scale industrialcentre serving both the central region and the country at large.
The Government has selected Vung Ang as one of five key coastaleconomic zones for priority investment in the 2013-2015 period.
At an advantageous location for transport and steel industry, the EZhas become the home of many important national projects in energy, steeland oil refining.
The Vung Ang-Son Duong deep-sea port,the deepest in the northern central region, can accommodate shipsof up to 300,000-500,000 tones. It is also located on the main maritimeroutes to South Asia, North America and Europe. In addition, VungAng is the gateway to the sea of the land-locked neighbouring country ofLaos.
Sixty kilometres to the north of Vung Ang EZ is the Thach Khe iron mine, which is one of the largest in Southeast Asia .
The mine has reserves of 544 million tonnes of iron, accounting for 60percent of total national iron reserves. Infrastructure at the mine isunder construction, paving the way for the steel industry to develop inVung Ang EZ.
More than 200 businesses have been licensed to dobusiness and invest in Vung Ang EZ with a total registered capital of 16billion USD.
A number of key projects are closeto completing , including the 1,200 MW Vung Ang 1 thermo-electric powerplant, which has an investment capital of 1.5 billion USD, and the SonDuong Formosa steel and seaport complex, which has received initialcapital worth almost 10 billion USD.
Many other large-scaleprojects are completing procedures for investment licences such as a12.4 billion USD refinery, a 5 billion USD steel plant and the 2.5billion USD Vung Ang II thermo-electric power plant.
Additionally, a large number of potential domestic and foreigninvestors are also seeking business opportunities in the zone.
According to Le Trung Phuoc, Deputy Director of the Ha Tinh Departmentof Planning and Investment, the locality attaches importance toattracting investment from multinational groups, aiming to access theirnew technologies and learn more about management.
At the same time, small- and medium-sized businesses are encouraged to invest in supporting industries and services.-VNA
The Government has selected Vung Ang as one of five key coastaleconomic zones for priority investment in the 2013-2015 period.
At an advantageous location for transport and steel industry, the EZhas become the home of many important national projects in energy, steeland oil refining.
The Vung Ang-Son Duong deep-sea port,the deepest in the northern central region, can accommodate shipsof up to 300,000-500,000 tones. It is also located on the main maritimeroutes to South Asia, North America and Europe. In addition, VungAng is the gateway to the sea of the land-locked neighbouring country ofLaos.
Sixty kilometres to the north of Vung Ang EZ is the Thach Khe iron mine, which is one of the largest in Southeast Asia .
The mine has reserves of 544 million tonnes of iron, accounting for 60percent of total national iron reserves. Infrastructure at the mine isunder construction, paving the way for the steel industry to develop inVung Ang EZ.
More than 200 businesses have been licensed to dobusiness and invest in Vung Ang EZ with a total registered capital of 16billion USD.
A number of key projects are closeto completing , including the 1,200 MW Vung Ang 1 thermo-electric powerplant, which has an investment capital of 1.5 billion USD, and the SonDuong Formosa steel and seaport complex, which has received initialcapital worth almost 10 billion USD.
Many other large-scaleprojects are completing procedures for investment licences such as a12.4 billion USD refinery, a 5 billion USD steel plant and the 2.5billion USD Vung Ang II thermo-electric power plant.
Additionally, a large number of potential domestic and foreigninvestors are also seeking business opportunities in the zone.
According to Le Trung Phuoc, Deputy Director of the Ha Tinh Departmentof Planning and Investment, the locality attaches importance toattracting investment from multinational groups, aiming to access theirnew technologies and learn more about management.
At the same time, small- and medium-sized businesses are encouraged to invest in supporting industries and services.-VNA
