A corner of the Lao Bao special economic zone (Source: VNA)
Economic and industrial zones in the central province of Quang Tri boast huge potential for attracting domestic and foreign investors. The attraction of investment in these fields is one of the locality’s top priorities.
The southeast coastal economic zone of the province has a total area of nearly 24,000ha, stretching through 17 coastal communes and towns of Hai Lang, Trieu Phong, and Gio Linh districts.
The zone has been attracting many big projects, with the Quang Tri thermal power plant being the largest at a capacity of 1,320 MW, invested by an electricity firm from Thailand with the total funds of over 2.5 billion USD.
Meanwhile, the zone’s My Thuy foreign-invested deep seaport project has a total investment of 630 million USD.
According to Chairman of the provincial People’s Committee Nguyen Quan Chinh, the locality plans to start the construction of the seaport and the power plant in June and September 2019, respectively.
Quang Tri has also lured many great projects such as the Dong Ha export factory in the Nam Dong Ha industrial park (IP) and the MDF wood production plant in the Quan Ngang IP.
As many as 50 projects in the Lao Bao special economic zone have become operational.
In 2018, local authorities granted investment licences to nine new projects worth over 1.34 trillion VND (nearly 57.7 million USD) in the province’s economic and industrial zones. Investment procedures for another 20 projects with the total registered capital of 78 trillion VND (nearly 3.36 billion USD) are currently being processed.
Quang Tri’s economic and industrial zones are home to 170 projects valued over 186.77 trillion VND. The industrial production value in economic and industrial zones has reached 4.85 trillion VND.
The provincial authorities have issued many policies to support investors, focusing on giving legal advices related to tax, insurance, contract, land, and the environment./.