Dung Quat Economic Zone to be expanded
This was announced at a ceremony held by the Quang Ngai provincial People’s Committee on June 4.
Under the Prime Minister’s decision to adjust the master development plan for the Dung Quat Economic Zone between now and 2025, the zone will incorporate part of Binh Son, Son Tinh, and Ly Son districts.
Dung Quat is a multi-sector economic zone including industry, trade, services, urban centres, agriculture, and forestry. Oil refineries, chemicals, and heavy industry will still be the main focus of the zone.
On the same day, the Dung Quat Economic Zone Authority licenced three new projects with a total registered capital of VND1.7 trillion ($85 million).
Dung Quat has so far licenced 120 projects totaling VND150 trillion ($7.5 billion), 60 of which are already in operation, creating jobs for 12,000 labourers.
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