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DEZA’s Party Committee: Focusing on investment attraction

After two years of implementation of Conclusion No. 18 of the 3rd Party Conference (19th session)” on accelerating industrial development in the period 2016-2020″, the status of the investment, construction and development of EZ Dung Quat and Quang Ngai Industrial Zones have achieved breakthrough successes in recent years and are gradually becoming the nuclear growth in the central key economic region.

Breakthrough achievement

The project of Hoa Phat Dung Quat Iron and Steel Complex is actively being implemented.

After two years of implementation Conclusion No. 18A, the ttracting investment of Dung Quat Economic Zone and Quang Ngai Industrial Zones has achieved a great change. One of the large-scale projects Hoa Phat Dung Quat Iron and Steel Complex with the total investment capital of VND 60,000 billion; The capacity of 4 million tons/year, their main products are construction steel and rolled steel. And other important projects such as Dung Quat industrial town, gas separation and liquefaction project, etc.

Mr. Dam Minh Le – Secretary of the Party Committee, Vice Chairman of DEZA said that the Party Committee together with DEZA’s leaders regularly directed all officers and party members to implement the Resolutions, decisions, programs, the action plan of the Provincial Party Committee, the Standing Committee of the provincial Party Committee, the Provincial People’s Council and the People’s Committee in the fields of investment and development of Dung Quat EZ and Quang Ngai IPs. So that they can set up specific programs and plans for their targets.

Over the past time, the Party Committee together with DEZA’s leaders have been building and implementing the annual investment promotion plan and the investment promotion program for the period of 2017-2020. At the same time, closely cooperating with investors investing in industrial park infrastructures such as VSIP Quang Ngai, Hoanh Thinh Dat, etc. Strengthening the investment promotion based on existing enterprises, actively supporting investors right from seeking investment opportunities. Timely solving difficulties and problems arising in the investment process, especially the large-scale ones such as: VSIP Quang Ngai, Dung Quat Industrial Town, Hoa Phat Dung Quat Iron and Steel Complex, gas separation and liquefaction project, etc.

Workers of Dung Quat 1 South Sea Leather Factory .

“In order to improve the efficiency of investment attraction, from 2016 DEZA, has concentrated on attracting the industries and domains which Dung Quat EZ and Quang Ngai IPs have comparative advantages, especially those related to the use of deep-water seaports, heavy industry, Infrastructure investment in industrial zones , etc. In addition to promoting investment attraction, DEZA has reviewed and resolutely recalled the delayed projects or investors who are not able to implement their projects, “said Le.

Determining investment in improving infrastructure, especially transport infrastructure is one of the prerequisites to attract investors; Recently, DEZA has paid attention to investing a number of road: The road linking the North and South of Van Tuong urban area, Tri Binh – Dung Quat road, the road from Doc Soi to Chu Lai airport, etc.

From the beginning of 2018, Dung Quat Economic Zone and Quang Ngai Industrial Parks has attracted 46 projects with the capital of  over US $ 454 million (35 domestic and 11 FDI projects). Up to now, Dung Quat Economic Zone and Quang Ngai Industrial Zones attracted 291 projects with total investment capital of more than USA11.3 billion (52 FDI projects invested with more than US $ 1.47 billion and 239 domestic projects invested with more than USA 9.89 billion). 116 enterprises have been operating in a stable manner in Dung Quat EZ and Quang Ngai IPs, creating more than 36,000 works for labours; In addition, more than 4,000 workers are doing construction services in the area.

Focusing on key tasks

In the coming time, the Party Committee continues to focus on promoting the achievements, overcoming the shortcomings and limitations to implement and complete the assigned tasks.

Continuing to focus on supporting investors to implement projects in Dung Quat EZ and Quang Ngai IPs, especially large-scale projects such as the project of upgrading and expanding Dung Quat oil refinery, Hoa Phat Dung Quat Iron and Steel Complex, Dung Quat Industrial Town, VSIP Quang Ngai, etc. Supporting Sembcorp Group, EVN in deploying  gas power plant project in Dung Quat EZ, Dae Young E & C Company (Korea) to complete the investment procedure of Binh Hoa Industrial Park. Besides, supporting enterprises in recruiting labors.

Doosan Vina exported their product to Saudi Arabia.

In attracting investment, focusing on attracting projects in the fields of seaports exploitation and logistic systems; attracting investors investing in infrastructure of industrial zones; light industry, supporting industry, processing industry,etc to increase value added for industrial products in the area and create jobs for labours.

“From the results of investment attraction from 2016 to the beginning of October, 2018, with the special attention of the provincial leaders, the efforts of Party Committee and all officials, investment attraction in Dung Quat Economic Zone and Quang Ngai Industrial Parks has been prospering, becoming an attractive destination for domestic and foreign investors. In the coming time, Dung Quat EZ and Quang Ngai IPs will achieve a breakthrough growth and develop Quang Ngai soon to be a modern industrial province by 2020, “said Mr. Dam Minh Le.

By T.Giang

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Agency:Copyright by the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority
Email: dungquat@quangngai.gov.vn
Editor:Mr.Dam Minh Le - Vice Chairman
Address: Van Tương New urban area - Binh Son District - Quang Ngai Province
Tel: 0255.3645828 / 3640442 * Fax: 0255.3645828