Dung Quat EZ aims to lure more investment

The Dung Quat Economic Zone (EZ) in the central province of Quang Ngai is expected to attract between VND4,000-5,000 billion in 2009.

To achieve the goal, the economic zone will focus on developing infrastructure, simplifying administrative procedures and accelerating land acquisition and compensation.

So far, the EZ has 153 projects, including 44 on-going projects, with total registered investment of more than US$10 billion.

In 2008, the EZ’s industrial value reached over VND2,600 billion, contributing more than VND700 billion to the State budget and accounting for 50 percent of Quang Ngai’s total budget collection.