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Creating the most favorable conditions for investors.

That is the affirmation of leaders of Dung Quat Economic Zone and Quang Ngai industrial parks Authority (DEZA) with investors / enterprises that have been surveying and investing their projects in Dung Quat EZ and Quang Ngai industrial parks.

Vice Chairman of DEZA Dam Minh Le emphasized: “We not only invite but also accompany to create the most favorable conditions, as well as share difficulties with investors when investing in Dung Quat EZ and Quang Ngai industrial parks”.

 Reporter: Could you tell us the specific and practical actions of DEZA to support investors in the last time?

Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the provincial Delegation of the National Assembly Le Viet Chu directly surveys with FLC investors.

Mr. Dam Minh Le:

In recent years, Dung Quat Economic Zone and Quang Ngai IPs have become reliable destinations for domestic and foreign large-scale corporations. Especially investors with reliable brands such as Hoa Phat, FLC, Messer Group (Germany), Bekaert S.A Group (Belgium), Millennium Furniture (USA) or Hoya Group of Japan, etc.

In order to achieve these results, firstly, it is thanks to the determination of the provincial leaders in the improvement of investment environment, issuance of investment preferential policies, regularly hold meetings to dialogue with businesses and investors.

As for DEZA, the administrative procedures have been constantly reformed, and the time for handling investment procedures has been shortened. Activities to support businesses and investors have become more and more intrinsic, in line with actual demand. Leaders of DEZA and departments actively participated in the cooperation, supported investors. For potential investors, DEZA advises the provincial leaders directly with investors to survey investment, typically the projects of FLC Group.

Determining the issue of compensation and site clearance is always a great difficulty when implementing projects. For the large-scale projects, DEZA proposes the province to set up a Steering Committee to remove difficulties for investors, etc. Typically, projects of VSIP Quang, Upgrading and expanding of Dung Quat oil refinery, Hoa Phat Dung Quat Iron and Steel Complex and recently the projects of FLC Group.


Chairman of the provincial People’s Committee Tran Ngoc Cang (left) and Chairman of DEZA Nguyen Minh Tai (2nd from left) go to the site to solve problems of investors.

In addition, DEZA also stand side by side, work closely with investors to promptly coordinate and solve difficulties in order to create the best conditions for investors to implement their project on schedule and run their business stably, etc. As in the past, DEZA cooperated and closely coordinated with VSIP Quang Ngai in promoting, attracting investment or in solving administrative procedures. Thereby, contributing to creating success in attracting investment into VSIP Quang Ngai.

Reporter: Could you tell us the lare directions in attracting investment into Dung Quat EZ and Quang Ngai IPs in the coming time?

Mr. Dam Minh Le:

We will continue to promote and exploit the existing potentials and advantages such as deep-water seaport system, infrastructure system, industrial development land fund, etc to promote and attract investment into EZ Dung Quat and Quang Ngai IPs.

Along with that, DEZA will focus on supporting large-scale projects such as Hoa Phat Dung Quat Iron and Steel Complex; Upgrading and expanding of Dung Quat oil refinery; The projects of FLC Group etc, because these projects are very pervasive in attracting investment. Supporting investors to early deploy projects in gas complex in Dung Quat EZ. Promoting on-site investment promotion, focusing on attracting projects from Japan, Korea, Singapore and the US, etc. Working closely with infrastructure investors such as VSIP Quang Ngai and Cong Young E&C Company (Korea) to attract light industry from FDI projects.

At the same time, focus on attracting industries that Dung Quat Economic Zone and Quang Ngai IPs have comparative advantages, especially those related to the use of deep-water seaports, heavy industry and projects, infrastructure business, etc. Priority will be given to exploitation of the oil and gas industry to gradually develop Dung Quat EZ to become a National Oil Refinery – Petrochemical Center under the approved plan.

Reporter: What is the key industry to stimulate the development of Dung Quat EZ, as well as the province in the coming years?

Mr. Dam Minh Le:

In addition to the existing industries, such as petrochemical and steel refining, the gas and electric industry with the combined gas turbine power plant projects exploited from Blue Whale gas field promises to create a boost for the industry as wellas the province’s socio-economic development in the coming years.

Chairman of DEZA Nguyen Minh Tai visits and encourages businesses.

With the electricity and gas industry, Dung Quat Economic Zone will have Dung Quat Power Center consisting of three Dung Quat mixed gas turbine plants I, II and III with a capacity of about 750MW/plant and a reserve area for the fourth plant in the future. In particular, Dung Quat I and III factories invested by EVN and Dung Quat II Power Plant invested by Sembcorp Group under BOT method. The total area of land use and water surface is more than 303ha.

It is known that Exxon Mobil will spend about 1 billion m 2 of the Blue Whale field to connect with Dung Quat oil refinery for deep processing. After upgrading and expanding, Dung Quat oil refinery will increase to 8.5 million tons of crude oil/year, combining and integrating Blue Whale gas into the factory will be an opportunity to develop Dung Quat EZ to become a Refining petrochemical Center and national energy in line with the provincial orientation.

One-stop team receives investors’ dossiers.

In addition, after the Blue Whale gas product is brought ashore, Dung Quat EZ will will welcome new wave of investment projects to use gas products to produce petrochemicals and chemicals; building materials; products using fuel from gas fuel sources, etc. Currently, DEZA is reviewing and adjusting the planning of industrial parks in Dung Quat EZ, investing in infrastructure connecting industrial parks, between Dung Quat Power Center and Investment enterprises.

     Thank you, Sir!

By T.Giang

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Agency:Copyright by the Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority
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