Great potential
After nearly 28 years of establishment, Dung Quat EZ in Quang Ngai province has developed rapidly, and is considered one of the pioneering and successful economic zones in Vietnam, the center of industrial production.
It is also the driving force for socio-economic development of Quang Ngai and the key economic region of the Central region.
Dung Quat EZ has a total area of over 45 thousand hectares, spreading from Binh Son district to Son Tinh district and the entire area of Ly Son district and adjacent coastal areas.
This is an important tool for organizing management and attracting investment to promote the development of Dung Quat EZ in the direction of specialization, greenness, intelligence and sustainable development.
Many big enterprises have chosen Dung Quat EZ as a long-term investment destination
With a convenient transportation system, especially the advantage of a deep-water seaport that can receive ships with a capacity of up to 200,000 DWT, meeting the demand for transporting import and export goods, Dung Quat EZ has recently been chosen by many big enterprises as a long-term investment destination.
In particular, based on the overall adjustment of the Dung Quat EZ Master Planning to 2045 approved by the PM, 4/11 zoning plans have been approved, and it is expected that the remaining zoning plans will be approved by the first quarter of 2025, opening up huge space for industrial - urban - service development in many different fields.
Great deals
So far, Dung Quat has had 350 valid investment projects, with a total registered investment capital of about 396,800 billion VND, including 66 FDI projects, with a capital of about 12 billion USD.
Hoa Phat Dung Quat Steel Plant - one of the "huge" projects in Dung Quat
Currently, Dung Quat EZ has 212 operating enterprises, creating jobs for 74,000 workers. This is the local force, also an important human source for investors when investing in Dung Quat.
The Dung Quat EZ’s key strategy is to promote the development of transport infrastructure, including building axes directly connecting to seaports, airports, and coastal areas, forming key tourism centers, and linking internal road traffic with national traffic (North-South Expressway, National Highway 1).
In particular, corporate income tax in Dung Quat EZ will be preferential at 10% for a period of 15 years. There will also be tax exemption for 4 years, 50% reduction of payable tax in the next 9 years, and tax exemption for imported goods to create fixed assets of the project.
Dung Quat EZ also provides import tax exemption for a period of 5 years, from the date of starting production for raw materials, supplies, and semi-finished products.
Dung Quat is focused on building into a specialized, green, smart and sustainably developed economic zone
Based on the general orientation of the country, the region and Quang Ngai province, Dung Quat will be built into a specialized, green, smart and sustainably developed economic zone, said Mr. Nguyen Hai Truong - Deputy Head of the Management Board of Dung Quat EZ and Quang Ngai Industrial Parks.
With the available potential and advantages, in the coming time, the Management Board will focus on implementing key solutions, and strictly and effectively implementing approved plannings, such as provincial planning, economic zone construction planning, zoning planning, national and regional plannings, Truong added.
In particular, it will focus on mobilizing and effectively using resources to invest in and develop a shared infrastructure system with regional and inter-regional connectivity, coordinate and connect with localities in the region to promote investment, develop industry clusters at the provincial and regional level, and promote the application of IT and digital transformation.
Minh Thien
