Vietnam: Quang Ngai calls for new investors in revoked projects

QUANG NGAI — The central province of Quang Ngai has called for new investors in six projects that had their investment licences revoked due to delays from 2010 to 2015.

Head of Dung Quat Economic Zone’s management board, Nguyen Minh Tai, said the six projects had registered to invest in the zone, but all only either not started work or only done a little.

Tai said the province has offered favourable conditions to draw new investors to revive the projects.

He said two new investors – the Hoa Phat-Dung Quat Steel company and Messeeser industrial gas company – had agreed to cover an industrial ship-building complex.

The other five projects include a seaman’s club, workers’ apartment, a villa in Van Tuong Urban Area and an apartment east of the Tra Bong River, and a hotel-restaurant and service complex.

These projects have been deserted for years, wasting natural resources and investment opportunities.

The 45,000ha Dung Quat Economic Zone is one of five key coastal economic zones in Vietnam that has been prioritised for infrastructure development.

Nineteen industrial parks are available to investors with infrastructure ready, according to the management board.

According to latest reports, the province has attracted 36 foreign direct investment projects, worth $4 billion. — VNS