Thanks to the provincial government’s efforts in attracting investment, the flow of foreign investment (FDI) into Dung Quat EZ is increasing. Recently, many new investors have come to Dung Quat to seek investment opportunities.
Doosan Vina – a leading FDI project in Quang Ngai province
Destination of Japanese and Korea investors
Large-scale projects such as Doosan Vina, Foster, VSIP in Quang Ngai province have contributed to socio-economic development of the province.
After their investment, a series of other FDI investors have been invested in Dung Quat site. According to the statistics of the Dung Quat EZ and Provincial Industrial Parks Authority (Authority), so far the year at least 10 foreign investors have come to Dung Quat to study the investment environment.
In February, 2017, Solar Solar Corporation (South Korea) has come to Quang Ngai to propose research and investment project of solar power.
Also in the field of energy, J-Power Development Company (Japan) has come to Dung Quat to study, survey and make a proposal for the project of thermal power plants in Dung Quat.
Meanwhile, the Hyosung Group (Korea) also carried out survey and research opportunities investment factory steelcord fiber (tire reinforcement material).
According to planning director of Hyosung Park Chan Min Group, the investment in Dung Quat is to expand the market and expand the Group’s business.
It is known that Hyosung Group has invested in a factory in Nhon Trach 5 (Dong Nai) with an area of nearly 150 hectares, with a total investment capital of more than US $ 1 billion and employment of over 6,000 laborers.
Recently, Mitsubishi Corporation (Japan) came to survey investment in automobile factory in Dung Quat EZ. This is considered as a highlight for the FDI attraction, as long as the car manufacturers are often looking to large localities such as Dong Nai, Ho Chi Minh City, Vinh Phuc.
According to Mitsubishi Motors Vietnam, the Group chose Dung Quat to invest because it wants to expand its production and business activities in Vietnam and because Dung Quat converges on the conditions that the Group is seeking.
The advantages of Dung Quat sit
Mitsubishi proposed to build a plant in Dung Quat site
The attraction of FDI in Quang Ngai has never been as exciting as in recent years. In addition to improvements, the flexibility of offering investors, Dung Quat has many advantages compared to other provinces and cities in the central region as well as the whole country.
Particularly transparent and transparent policies have created positive points in the eyes of investors.
According to Planning Director of Hyosung Group, Park Chan Min: “Dung Quat EZ has favorable conditions such as large land bank, flat topography, Dung Quat deep sea port, convenient transportation of goods, with abundant human resources, near Chu Lai airport, convenient transportation and the province have high preferential policies and mechanisms for investors. “
Director of Huyndai Engineering Co., Ltd. (South Korea) Young Jin Cho said that the selection of Dung Quat to expand its investment in Vietnam is due to the company’s great advantages compared to other provinces in the region.
Meanwhile, the Doobon Group (South Korea) is looking to Dung Quat to expedite the plan to deploy the factory project and trade additives for petrochemical refining.
According to Doobon Group, the Dung Quat Group chose to invest in Dung Quat Oil Refinery, which is suitable for the development of supporting industries for oil refinery. At the same time, it has a deep-water seaport that is convenient for shipping products to countries in Southeast Asia and the Middle East.
The Authority’s leader Mr Dam Minh Le said that besides obvious comparative advantages of Dung Quat EZ such as transportation and seaport systems, introducing the environment, investment opportunities in Dung Quat on the media.
Especially explaining the preferential policies and preferential policies of the province to investors. Promote infrastructure, deep sea ports, a large land fund.
In addition, the Management Board accelerates the reform of administrative procedures, creating an attractive investment environment, especially all procedures that are open, transparent and unify the types of papers and procedures that investors or business need to.
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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