Hoa Phat Dung Quat Steel Joint Stock Company and Sedo Camping Co., Ltd. would like to invest in two projects, including Hoa Phat Dung Quat high-quality coil steel factory and Sedo - Dung Quat fabric factory with a total registered capital of more than 167 million USD.
Photo: Dung Quat Economic Zone - Quang Ngai
Hoa Phat Dung Quat high-quality coil steel factory project has a total investment of 3,200 billion VND to produce high-quality coil and section steel; with a design capacity of about 500,000 tons/year, equivalent to USD 135.3 million; The estimated land area is about 120,507 m2, construction and operation will be carried out within 36 months from the date of land handover by the State. When in process, the project will create jobs for 267 workers, mainly local and neighbouring workers.
Besides, the Management Board also adjusted to increase capital for seven other projects, including Raw water supply for Hoa Phat Dung Quat Iron and Steel Production Complex - Quang Ngai province; Storage and distribution area for petrochemical products; Import and export frozen seafood processing factory; Phu Truong Trade and Service Center; Factory manufacturing, processing and assembling electric wire and cable sets in automobiles; Factories manufacturing auxiliary equipment and parking lots for vehicles; Hoa Phat Dung Quat Iron and Steel Production Complex, with total adjusted capital increased by about 1.114 billion USD.
The situation of attracting investment in the Dung Quat Economic Zone and Quang Ngai Industrial Parks has prospered enormously after being approved by the Prime Minister. Adjusting the overall master plan on Dung Quat Economic Zone, Quang Ngai Province, to 2045. attracting investment capital in the first four months of 2023 is ten times higher than that of the whole year of 2022 (USD 1.281 billion / USD 125.14 million).
Accumulated up to now, there are 347 valid projects in Dung Quat EZ and Quang Ngai industrial zones, total registered investment capital of about 18,556 billion USD; in which there are 58 foreign investment projects, with registered investment capital of about 1.85 billion USD and 289 domestic investment projects, with registered capital equivalent to 16.71 billion USD. There are 249 projects in operation.
Entering 2023, the province focuses on attracting quality investment projects according to the list of critical tasks to attract investment in 2021-2025, prioritizing foreign investment promotion in traditional markets such as Japan, Korea, and Taiwan; at the same time, promoting investment promotion activities in countries with modern industry to meet the needs of promoting socio-economic development of the province in the direction of modernity and sustainability.