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Nghe An calls for US$8 billion investment for economic zone

Jul 29th at 15:35
29-07-2014 15:35:42+07:00

Nghe An calls for US$8 billion investment for economic zone

The central province of Nghe An has proposed the Government adjust a zoning plan on the south-eastern Nghe An Economic Zone (EZ).

According to the proposal, the EZ, developed by the Investment and Industrial Development Corporation (Becamex IDC), will cover 19,586.4 ha, including large industrial, urban and service areas which will be built on 1.475 ha and is expect to attract 150 investors.

The project is expected to draw US$2 billion in industrial zone and US$5.857 billion in urban and service areas.

Becamex IDC, which has successfully developed industrial parks in other provinces like Binh Duong, Quang Ngai, Hai Phong and Bac Ninh, asked local authorities to offer tariff incentives for both investors and employees in the EZ.

Currently the EZ has 88 projects with a total registered investment of VND12,657 billion and US$79 million, primarily focusing on electronic, high technology, construction material and food processing industries.

vietnamnet

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