Vung Ang EZ attracts nearly US$12 billion

Since its establishment five years ago, the Vung Ang Economic Zone (EZ) have attracted 103 businesses, including 24 foreign investors with a total registered capital of nearly US$12 billion.

The EZ covers neatly 23,000ha in nine communes of Ky Anh district with its Vung Ang-Son Duong Deep-water Port, capable of receiving 5-35,000- tonne ships by far.

Key national projects in the zone have got off the ground and paid off well, such as Vung Ang Oil Storage Depot, North-central Liquid Gas Storage Depot, Vung Ang Port, and export forest products processing factories.

Many other projects are under construction, including the US$1.56 billion Vung Ang 1 Thermal Power Plant with a design capacity of 1,200MW, an iron and steel complex and Son Duong Formosa Port by the Taiwanese Formosa Group with an initial capitalisation of US$1.79 billion, a five-star hotel and office buildings worth US$78 million, the Tau Voi tourist site worth US$70 million and the Vung Ang complex of industry, services and urban area worth US$50 million.

In addition, some big projects are applying for investment licences, such as the US$12.470- billion oil refinery plant with a capacity of 16 million tonnes per year, the steel refinery with a capacity of 2 million tonnes per year, and the Vung Ang 2 Thermal Power Plant. – VOV

Tags: Vung Ang EZ

Posted by VBN on Jul 11 2011. Filed under Investment. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry