It is a plan issued by Dung Quat Economic Zone Authority about investment strategy to the year 2015 and forward 2020 in Dung Quat site, Quang Ngai province.
Expectations
In the latest report of Provincial People’s Committee shows that the 45,500 ha-Dung Quat Economic Zone (DQEZ) has attracted 10 projects so far the year worth over 1 trillion VND.
It is projected that by the end of the year there will be 3 other projects licensed, increasing the total licensed projects in 2014 up to 13 and the registered capital up to 5.1 trillion VND (US $ 242.76 million).
With the total projects licensed in 2014, DQEZ has so far owned totally 120 projects worth around 8.5 billion US $.
Therefore, to achieve the target of 10 billion US $ investment to the year 2015, DQEZ Authority is looking forward the license of two large-scale projects.
Firstly, Petro Vietnam’s the project of improving the capacity of Dung Quat Refinery from 5.6 million tons to 10 million tons of crude oil per year with an investment of nearly 2 billion US$.
Secondly, the project of building a thermal power plant in Dung Quat site invested by Sembcorp Group (Singapore) at a total capital of 2.5 billion US $. Currently, DQEZ Authority has been making efforts in pushing up the progress of land acquisition to hand over clean site to investor as scheduled and the total area as well as the position of plant have been officially announced by DQEZ Authority recently.
So, if the two large-scale aforesaid projects are licensed next year, the registered investment capital in the zone will raise to over 12 billion US $, surpassing the target over 2 billion US$.
A part from the above projects, DQEZ Authority has been making efforts in pushing up the license of some medium-scale FDI projects such as pulp mill co-invested by JK-Sojitz and asphalt production, and so.
One another expectation is the signing picture of investment in VSIP – Quang Ngai in 2015. This is the year seeing as many as FDI projects to be licensed in the zone where hasso far lured 10 licensed and approved in principle projects with a total registered investment of over 164 million US$.
Tasks
If all projects are licensed as planned, the target of 10 billion US $ investment in 2015 and 15 billion US$ by 2020 will be positive.
Therefore, the most important job is said to complete site clearance and compensation on the areas of thermal power plant and Dung Quat Refinery expanse as scheduled.
It will strengthen further cooperation with VSIP investors in completing works of land acquisition soon.
For jobs of calling for investment, in the upcoming time DEZA will co-ordinate with VSIP to organize investment promotion programs in foreign countries such as Korea, Japan, Malaysia, and so on.
One another important task is to strengthen further close and effective supports investors under operation as well as under investment formalities in the zone.
Moreover, as many as policies for investors have been made to be more attractive and interesting to encourage investors.
It is reported that DEZA plans to attract 50 projects more during five years between 2015 and 2020 with an investment of 5 billion US $ that will increase the total investment capital in the zone up to 15 billion US$ to the year 2020.
Minh Chau
Đăng ký: VietNam News
