Vietnam's Quảng Ngãi province has been granted investment certificates for five projects, worth US$117 million, in the Dung Quat Economic Zone. The new projects included the first stage of the Urban and Service Project in Viet Nam-Singapore Industrial Park (VSIP), the Muong Thanh five-star trade and hotel complex and the Muong Thanh-Ly Son Hotel; as well as the Trade Centre and Township Shop House and a mechanical equipment plant.
According to Vietnam News, the vice chairman of the provincial People's Committee Pham Nhu So said the province is encouraging both domestic and foreign investors to invest in infrastructure projects in the Dung Quat EZ and other industrial parks in the province.
"The 45,000ha Dung Quat EZ is recognised as one of five key coastal economic zones in Viet Nam that has been prioritised by the government in infrastructure," So said, adding that 19 industrial parks were available to investors "with good and ready infrastructure."
"We also offer priority policies and favourable conditions to lure more investors to develop infrastructure in the province. The province hopes to attract investors with potential, including to the deep-sea port and the Viet Nam-Singapore Integrated Township and Industrial Park (VSIP)," he said.
According to the latest reports, the central province has attracted 36 foreign direct investment projects, worth $4 billion.
Vietnam News further writes: "Speaking at an investment promotion conference on Sunday, Atsusuke Kawada, chief representative of JETRO's Ha Noi Office and vice-chairman of the Japan Business Association in Viet Nam, said foreign investors often faced challenges of traffic, infrastructure, skilled workers and foreign language, as well as a labour force that can communicate, and appropriate living quarters and service area for foreigners in localities in Viet Nam."