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New incentive aims to lure investors to Van Tuong

Aug 26th at 14:19
26-08-2014 14:19:57+07:00

New incentive aims to lure investors to Van Tuong

The central province of Quang Ngai will offer financial support of VND150 million (US$7,100) per hectare for domestic and foreign investors in Dung Quat Economic Zone's Van Tuong Urban Area.

Under the decision, investors will also get a 1 per cent discount on construction and equipment fees. Total incentives will not exceed VND25 billion ($1.2 million), according to the Dung Quat Economic Zone managing board.

Van Tuong Urban Area, which covers 3,828ha, is one of five planned areas in the economic zone. The first 650ha stage, intended to have a population of 800,000, is scheduled to be built by 2015.

The province has 29 Foreign Direct Investment (FDI) projects in effect with total capital of $4 billion, of which Dung Quat EZ drew 20 projects with $3.9 billion.

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