A corner of Vung Ang Economic Zone in the central province of Ha Tinh (Photo: khukinhte.hatinh.gov.vn) Ha Tinh (VNA) - The People’sCommittee of central Ha Tinh province has granted investment licences to threenew projects worth a combination of more than 1.65 trillion VND (71million USD).
The projectswill be developed at Vung Ang Economic Zone in Ky Anh township, onlinenewspaper baohatinh.vn reported.
They include a timberprocessing project funded by Ho Chi Minh City-based An Viet Phat Energy Coat a cost of more than 1.28 trillion VND (55 million USD). It willcomprise two factories – the first producing lumber and plywood in Ky Thinh wardwith an annual capacity of 240,000 tonnes and the second producing compressedwood pellets with an annual capacity of 150,000 tonnes.
The second project,worth 201 billion VND (8.65 million USD), will be backed by CentralIndustrial Chemicals JCS, which is based in the province. It will include thedevelopment of chemical and petrochemical warehouses in Vung Ang Depot whichwill be able to store 30,700 cubic metres of products.
PCG Phu Vinh has beenapproved to develop a system providing liquefied petroleum gas and liquefiednatural gas for Phu Vinh Industrial Zone with total investments of 164billion VND (7 million USD).
Vice Chairman of theprovincial People’s Committee Duong Tat Thang said he hoped that onceoperational, these projects would make big contributions to the State budgetand create more local jobs.
The central provincehas set a target of luring 150 projects with total registered capital of about 2.5billion USD by the end of this year, according to the committee.
The locality is nowhome to 1,183 projects, 1,108 of which were financed by domesticbusinesses with a total capital of more than 107 trillion VND (4.6 billionUSD) while the remainder, worth more than 12 billion USD were funded by foreigncompanies.
To date, 17 countriesand territories have pumped investments into the province including Japan, theRepublic of Korea, mainland China, Taiwan, Singapore, Hong Kong, Germany,the UK and the US.-VNA
The projectswill be developed at Vung Ang Economic Zone in Ky Anh township, onlinenewspaper baohatinh.vn reported.
They include a timberprocessing project funded by Ho Chi Minh City-based An Viet Phat Energy Coat a cost of more than 1.28 trillion VND (55 million USD). It willcomprise two factories – the first producing lumber and plywood in Ky Thinh wardwith an annual capacity of 240,000 tonnes and the second producing compressedwood pellets with an annual capacity of 150,000 tonnes.
The second project,worth 201 billion VND (8.65 million USD), will be backed by CentralIndustrial Chemicals JCS, which is based in the province. It will include thedevelopment of chemical and petrochemical warehouses in Vung Ang Depot whichwill be able to store 30,700 cubic metres of products.
PCG Phu Vinh has beenapproved to develop a system providing liquefied petroleum gas and liquefiednatural gas for Phu Vinh Industrial Zone with total investments of 164billion VND (7 million USD).
Vice Chairman of theprovincial People’s Committee Duong Tat Thang said he hoped that onceoperational, these projects would make big contributions to the State budgetand create more local jobs.
The central provincehas set a target of luring 150 projects with total registered capital of about 2.5billion USD by the end of this year, according to the committee.
The locality is nowhome to 1,183 projects, 1,108 of which were financed by domesticbusinesses with a total capital of more than 107 trillion VND (4.6 billionUSD) while the remainder, worth more than 12 billion USD were funded by foreigncompanies.
To date, 17 countriesand territories have pumped investments into the province including Japan, theRepublic of Korea, mainland China, Taiwan, Singapore, Hong Kong, Germany,the UK and the US.-VNA
VNA
