Quang Tri attracts investment in economic zones

Friday, Apr 13, 2018 16:37

The planning map for construction of East South Economic Zone in Quang Tri Province. — Photo baoxaydung.com.vn

The central province of Quang Tri is offering many preferential policies to investors in the East South Economic Zone (EZ).

These include preferential land lease, corporate tax incentives and spending over VND1 trillion (US$44 million) on constructing infrastructure in this EZ.

This was announced by Nguyen Quoc Tuan, deputy director of QuangTri’s Department of Planning and Investment.

Besides attracting domestic investors, the economic and industrial zones of Quang Tri Province are attracting many major investors from Japan, Singapore, South Korea and Russia. These firms are interested in areas such as energy, infrastructure and hi-tech agriculture.

To lure more investments in economic and industrial zones, the province has incorporated policies to create the most favourable conditions for enterprises, including preferential land lease and simplification of administrative procedures.

As of April 12, the province’s economic and industrial zones attracted 149 investment projects, with a total registered capital of more than VND98 trillion. Of this, 88 projects have become operational, 50 are under construction and 11 are awaiting investments.

Quang Tri Province has two economic zones (East South and Lao Bao) and three industrial parks (South Dong Ha, Quan Ngang and West North Ho Xa).

At present, the province is focused on attracting strategic investors to the East South Economic Zone, which has an area of nearly 24,000ha spreading across 17 coastal communes in the three districts of Hai Lang, Trieu Phong and Gio Linh.

Last year, the industrial production value of industrial and economic zones combined reached over VND4 trillion, accounting for 40 per cent of the province’s total industrial production value, contributing more than VND350 billion to the State budget and creating jobs for some 5,200 workers. — VNS

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