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Submitted by ctv_en_1 on Tue, 12/12/2006 - 09:50
The Dung Quat Economic Zone in central Quang Ngai province has so far licensed more than 100 foreign direct investment (FDI) projects with a total registered capital of over US$5 billion, according to the zone's Managing Board.

Among the most prominent projects are a US$2.5 billion Dung Quat oil refinery, and a US$390 million industrial ship cluster, said Tran Le Trung, Head of the Managing Board.


Particularly, the Tycoons Worldwide Steel Vietnam Ltd. Co., a subsidiary of the Taiwan's Tycoons Worldwide Group, has received a license to build a US$1 billion plus steel ingot plant in the zone.


So far, the zone has had as many as 31 projects already launched, achieving an estimated industrial production value of US$31.2 million and generating jobs for some 5,000 local workers.


With such FDI attraction, Quang Ngai province has jumped from the 37th to the 11th place among provinces in terms of the size of FDI capital invested. It has also become one of the three leading provinces and cities of the country in terms of FDI attraction this year.

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