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Dung Quat Economic Zone and Quang Ngai IPs: “taking off” with Quang Ngai Province.

Dung Quat Economic Zone and Quang Ngai IPs are affirming its position and importance in the socio-economic development of Quang Ngai province and the Central Key Economic Region. In addition to the large-scale projects invested, with preferential policies and dedicated dedication to support investors of Quang Ngai provincial leaders and Dung Quat Economic Zone and Quang Ngai Industrial Parks Authority (DEZA), Dung Quat EZ and Quang Ngai IPs is welcoming new waves of investment.

Many large investors appeared

The ship carry the billet  to Hoa Phat Dung Quat Port

Following the success of projects of Dung Quat Oil Refinery and Doosan Vina Heavy Industries, or VSIP Quang Ngai (Singapore), etc,  Dung Quat Economic Zone and Quang Ngai IPs are a reliable destinaotion of domestic as well as  foreign corporations. These are Hoa Phat Group, FLC Group, Messer Group (Germany), Belgium Bekaert Group or Hoya Group of Japan, etc.

In 2018, FLC Group officially placed its mark in Dung Quat EZ with 9 projects in the field of tourism – trade and service with total investment of over 18,000 billion VND. This is a complex area including many categories: eco-tourism area, golf course, international conference center, 5-star hotel, luxury resort villa, etc. Tourism and service development has being considered as a key task in the period of 2016-2020 of Quang Ngai. The presence of FLC in Van Tuong urban area (Dung Quat EZ) will be a driving force for socio-economic development of the province and the central region.

Earlier than FLC, Hoa Phat Group invested in Dung Quat Economic Zone and Quang Ngai IPs in early 2017 with the project of Hoa Phat Dung Quat Iron and Steel Complex with total investment of up to VND 60,000 billion, capacity of 4 million tons/year. After 2 years of presence in Dung Quat EZ, Hoa Phat has turned this place into a great vibrant site. Mr. Dinh Van Chung – Deputy Director of Hoa Phat Dung Quat Steel Joint Stock Company said that up to now, more than 75% of the items of phase I have been completed. Items of phase 2 with capacity of 2 million tons Flat steel / year is being actively built. It’s expected taht on June 18th, 2019, the first blast furnace of the Complex will produce the first batch of iron and the next blast furnace will be completed every 4 months. Hoa Phat is striving to put both phases into full operation in the second quarter of 2020.

Not only Vietnamese investors but also world’s leading corporations from Belgium, Japan, Germany, Korea, etc are attracted by Dung Quat Economic Zone and Quang Ngai IPs. Typically, Hoya Group (Japan) with Project of Hoya Lens Vietnam 2-Dung Quat eyeglass lenses factory, its total investment of 138 million USD and built on an area of 8ha in VSIP Quang Ngai; it specializes in manufacturing a number of high quality optical products in the fields of health, electronics, etc.

Their investment certificate was issued at the end of 2018 but in February 2019, their factory was built. Speaking at the groundbreaking ceremony, Mr. Gil Tarias – General Director of Hoya Lens Vietnam Co., Ltd. said: The factory in Dung Quat EZ, will be one of the largest eyewear factories in the world and one of the Hoya Group’s strategic factories. It is expected that Phase 1 of the project will be put into operation in November 2019, while Phase 2 will be put into operation by the end of 2020. When going into stable operation, the plant will produce about 130 million products/year, creating jobs for about 2,500 local workers.

Up to now, the total number of employees working in Dung Quat Economic Zone and Quang Ngai Industrial Parks is more than 38,600.

Or Bekaert SA, The Group in the list of 20 leading companies in Belgium, they invested in the project of Bekaert Vietnam – Dung Quat steel and braided steel yarn factory with total investment capital of 125 million USD, It will be built in the area of about 40ha in VSIP Quang Ngai; specializing in the production of braided steel fibers, steel wire for tire reinforcement and improved braided steel yarns for the automotive industry and other industries. It is expected that the project will be started its construction in the third quarter of 2019 and put into operation in 2021.

Breakthrough Industries, accompanying investors

In addition to the existing industries, such as petrochemical, mechanical, light industry, garment, etc the gas industry, with the project of  mixed gas turbine power plant exploited from the Blue Whale gas field, In Dung Quat EZ, it promises to create a boost for the industry, as well as the province’s socio-economic development in the coming years.

Dung Quat Power Center will consist of three Dung Quat mixed gas turbine plants I, II and III with a capacity of about 750MW/ a factory and a reserve area for the fourth factory in the future. In particular, Dung Quat I and III factories invested by EVN. Dung Quat II Power Plant, which is invested by Sembcorp Group under BOT method. The total area of land use and water surface is more than 303ha. In particular, the land use area is about 93.3 ha; 196.2ha water surface area and management area about 14ha.

Currently, DEZA is supporting and guiding investors to complete all the items related to the project. According to economists, in the coming time Dung Quat EZ, will have a wave of new investors after the products of  Ca Voi Xanh gas field is transported on-shore. 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 enterprises using gas fuel to produce.  At the same time, attracting projects to use gas products to produce petrochemicals, chemicals, fuel gas supply for industries, to contribute to promoting the industrial development of the province.

In the decision to adjust the QuangNgai province’s industrial development planning up to 2020 with a vision to 2025, issued by the Provincial People’s Committee in October 2018 emphasizing that “Continuing to focus on developing Dung Quat EZ as the province’s growth nucleus and building it as a coastal industrial center of the Central Region”.

In the above period,  the priority will be given to the development of petrochemical, mechanical, steel rolling and electrification industries. This is feasible when Dung Quat Oil Refinery is being upgraded, expanding its capacity to 8.5 million tons/year; Hoa Phat – Dung Quat Steel Complex is gradually improving; The project of gas and electricity from Ca Voi Xanh field is being actively prepared by investors, etc.

Doosan Vina’s products).

In the immediate future, in this period, Quang Ngai province will actively support investors to speed up the implementation of projects such as Hoa Phat Dung Quat iron and steel complex and the project of Dung Quat oil refinery, VSIP Quang Ngai; to closely coordinate with ministries, central branches and investors to soon implement the project of Dung Quat Power Center.

At the same time, in investment promotion activities, focusing on attracting industries and fields in which Dung Quat EZ and Quang Ngai IPs have comparative advantages, especially those related to the use of deep seaports, heavy industry, infrastructure, etc. The priority will be given to projects exploiting the oil and gas industry to gradually develop Dung Quat EZ to become a National Oil Refinery – Petrochemical Center under the approved plan.

By T.Giang

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Editor:Mr.Dam Minh Le - Vice Chairman
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