Vung Ang economic zone (Hà Tĩnh
province), established in 2006, has become one of the 8 coastal economic zones
selected by the Government to concentrate on development with the budget source
in the 2016-2020 period. Vũng Áng EZ has been built and directed to be an
industrial center of steelmaking, thermal power and deep water ports in
Vietnam.
Investment in Vietnam - Up to now, Vung Ang
Economic Zone has lured many corporations and large enterprises to invest. Of
these, the two largest projects are the Iron and Steel Complex and Son Duong
Port of Formosa Group (Total investment capital of over US$ 10 billion for phase
I) with the main products are steel types servicing mechanical engineering,
thermal power, seaport. At present, there are 118 projects in Vung Ang EZ, of
which 69 are domestic ones with the total registered capital of VND 48,279.8
billion and 49 foreign invested with total registered capital of US$ 11,552.96
million. From the beginning of 2017 up to now, there have been 5 new projects
newly licensed with registered capital of over VND1,600 billion. Notably the
participation of many investors from advanced science owned countries such as
Japan, South Korea, Taiwan, Singapore, the United States, Germany has
contributed greatly to Vung Ang EZ's growth.
As a result, the revenue collection in EZ and
industrial parks has experienced high growth, making up a large proportion of
total provincial budget revenue. In 2010, the total revenue in EZs and new
industrial parks reached VND 719 billion, VND 8,027 billion in 2014 and VND
7,470 billion in 2015, accounting for 62-63% of the total provincial budget.
With the increasing participation of large
corporations in the world, Vung Ang EZ has solved the difficulties of finding
jobs and raising the incomes of laborers. There are more than 12,000 workers in
industrial park and economic zone, of which nearly 7,000 Ha Tinh workers have
stable and long-term jobs with an average income of VND 6.8 million a
person-month. In addition, every year EZ and industrial park have created jobs
for thousands of employees from auxiliary services, leading to generation of workers with professional qualifications and discipline in the
industrial environment, a positive force for economic and social development of
EZ and urban area.
On the one hand, Vung Ang EZ is also trying to
make use of its advantages for Vung Ang - Tha Khec (Laos) railway lines
connecting with 18 provinces of Northeastern Thailand. On the other hand, Vung
Ang EZ continues to promote targeted investment, prioritize large investors in
developed countries to exploit advanced technology, professionalism in
production organization and enterprise management. From there, select the
solution of direct dialogue with potential investors, invite them to approach
investment in industrial zones and industrial zones of the province.
At present, Vung Ang EZ is concentrating on
investing in infrastructure as well as developing human resources, financial
mechanism ... to promote the logistics industry, to pay attention to the work
of compensation and site clearance and definitely settle the backlog of site problems of projects in EZ; thereby, creating favorable conditions
to speed up the implementation and disbursement of capital sources of projects,
promote economic efficiency, boost the attraction of projects into EZ; continue
to cooperate with investors, concentrating on coordinating with concerned units
to remove difficulties and obstacles so that projects can be implemented on
schedule and operate effectively.
We are proud of being top
five reliable companies specializing in investment fields in
Vietnam. Please contact us for inquiries via email: info@fdi-vietnam.com or call us
directly at + 04.32020505. Our official website: fdi-vietnam.com.
Our company currently
has more than 5000 projects and 300 industrial parks calling for investment in
Vietnam. Let us help your business in Vietnam.
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