Quang Ngai attracts projects worth $2.81b in H1

Dung Quat Economic Zone and industrial zones in Quang Ngai Province attracted eight projects worth US$2.81 billion in the first half of this year. — VNA/VNS Photo

Dung Quat Economic Zone and industrial zones in Quang Ngai Province attracted eight projects worth US$2.81 billion in the first half of this year, according to the provincial People’s Committee.

To date, there are 140 valid projects in the Dung Quat Economic Zone with total registered capital of $10.31 billion, 90 of which are already put into operation.

Quang Ngai is expected to draw $13.5billion into the Dung Quat Economic Zone by 2020, which would create some 35,000 jobs for the central province.

A report of the People’s Committee at the People’s Council’s three-day meeting, which opened on Tuesday, also showed improvements in the province’s economy.

The province’s Gross Regional Domestic Product (GRDP) rose by 1.25 per cent over the same period last year. The agriculture, forestry and fishery sector jumped by 4.47 per cent and services rose by 7.39 per cent. However, the industry and construction sector saw a decline of 3.43 per cent.

The province saw the foundation of 321 new firms in the first five months of this year with total registered capital of nearly VND11.8 trillion ($517 million), representing a whopping 18-fold increase.

Bui Thi Quynh Van, chairwoman of the provincial People’s Council, said the province during this meeting would discuss policies to improve the business and investment climate, boost entrepreneurship, encourage the development of the private economic sector and develop hi-tech agricultural production.

In 2016, the central province attracted 43 projects, eight of which were foreign-invested. – VNS



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