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Vietnam economic zone attracts US$16 billion projects
Publication Date : 26-08-2013
The Vung Ang Economic Zone in the central Ha Tinh Province has attracted 79 projects with registered capital totalling over US$16 billion to date.
According to Ho Anh Tuan, head of the zone, these 79 projects include 44 domestic and 35 foreign invested ones.
In the first seven months of 2013, investment licences were granted for 14 projects in the zone with total capital of more than $500 million.
One of the largest projects in the zone aims to build a $10 billion steel factory and sea port invested by Formosa Heavy Industries Corporation from Taiwan, China.
Firms based in the zone have so far created over 15,000 jobs with an average salary of $212 to 260 per month.
Vung Ang Economic Zoneone of the country's five key coastal economic zones, was founded in 2006, covering an area of 22.78 hectares in Ky Anh district.