Quang Tri’s economic zones hold great investment-luring potential
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.
A corner of the Lao Bao special economic zone (Source: VNA)
QuangTri (VNA) – Economic and industrial zones in the central province ofQuang Tri boast huge potential for attracting domestic and foreign investors. Theattraction 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 nearly24,000ha, stretching through 17 coastal communes and towns of Hai Lang, TrieuPhong, and Gio Linh districts.
Thezone has been attracting many big projects, with the Quang Tri thermal powerplant being the largest at a capacity of 1,320 MW, invested by an electricityfirm 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 totalinvestment of 630 million USD.
According to Chairman of the provincial People’s Committee Nguyen Quan Chinh, thelocality plans to start the construction of the seaport and the power plant in Juneand September 2019, respectively.
Quang Tri has also lured many great projects such as the Dong Ha export factoryin the Nam Dong Ha industrial park (IP) and the MDF wood production plant inthe Quan Ngang IP.
As many as 50 projects in the Lao Bao special economic zone have becomeoperational.
In 2018, local authorities granted investment licences to nine new projectsworth over 1.34 trillion VND (nearly 57.7 million USD) in the province’seconomic and industrial zones. Investment procedures for another 20 projects withthe total registered capital of 78 trillion VND (nearly 3.36 billion USD) are currentlybeing processed.
Quang Tri’s economic and industrial zones are home to 170 projects valued over 186.77trillion VND. The industrial production value in economic and industrial zones hasreached 4.85 trillion VND.
Theprovincial authorities have issued many policies to support investors, focusingon giving legal advices related to tax, insurance, contract, land, and the environment.–VNA
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A corner of the Lao Bao special economic zone (Source: VNA) 
