Dung Quat Coastal Economic Zone

In 2016, Dung Quat Economic Zone and Provincial Industrial Zones continually develop and promote the role of nuclear growth of Quang Ngai province. They have so far confirmed the leading position of the coastal economic zone, the economic nucleus of key economic region of Central.

To boost investment in infrastructure

It is reported that so far as many as construction works in the Dung Quat Economic Zone in Quang Ngai and the industrial zones were built, completed and put into use the public utility and social infrastructure to meet the investment requirements such as : the main traffic route Van Tuong urban, Vo Van Kiet, Dung Quat - Chu Lai airport street - Ky Ha port, Doc Soi - Dung Quat port and transport links in the industrial zones: VSIP, Tinh Phong Industrial Zone, Quang Phu Industrial Park, East Industrial Park, Industrial Park West ...

So far, the construction of 19 residential areas with a total area of 130ha have completed, serving the relocation of 2,000 households; vocational colleges for the training scale of 2,000 students; TV center; hospitals with 100 beds ; cultural and sports centers.

In addition, power supply systems, telecommunications, water supply, seaports and works other useful services investment were built with a total investment of 5,000 billion VND.

Capacity improvement for investment attraction

The Management Board of Dung Quat EZ and Provincial Industrial Zones is promoting a number of projects in the fields of energy, petrochemicals with an investment of billions of dollars. Especially, the project of Dung Quat oil refinery is being upgraded and expanded with a capital of US $ 1.82 billion.

The situation of production and business activities of enterprises in the zones is stable. They process as many as products in fields of petrochemical products and petrochemical follows, mechanical products, wood, textiles, footwear, textile, bottled water. They also implement ship repair, port services, transport, warehousing, restaurants, and hotels.

Dung Quat Economic Zone has been planned with an area 45.332 ha. This is one of the coastal economic zone, where receive prioritize investment from State Government in infrastructure and is one of the EZ having the highest incentives Vietnam today. Therefore, investing in this area, the investor will enjoy a series of preferential policies on taxes, land rent and land lease term, support vocational training and technical labor supply.

Besides, to attract domestic and foreign investment to the Dung Quat Economic Zone and industrial zones of Quang Ngai, Quang Ngai province government also issued several special support mechanisms.

Moreover, investors will also receive support the cost of training employees; support trade promotion and investment; support the administration's image communication; support for administrative procedures, with a quick, effective mechanism for investors.

Along with the promotion of investment in infrastructure, the Management always focuses on environmental issues, human resources and services, solid waste disposal; wastewater treatment.

It is reported that Dung Quat Economic Zone and Provincial Industrial Zones have 235 licensed projected , of which there are 37 FDI projects.

It is targeted that during the period between 2016-2020 Dung Quat Economic Zone is expected to attract 3-5 billion USD of investment capital.

The implemented capital is estimated to be 60-70 percent.

Cargos via Dung Quat Ports are estimated to achieve 18 million tons per year; export turnover will touch 800 million USD.

By 2020, the revenue of tax collection in Dung Quat site will hit 35,000 billion VND. Enterprises in the site will create job opportunities for 35,000 workers.

Dung Quat Oil Refinery, Vietnam’s first 6.5 million-ton-crude-oil-per-year refinery, is located in Dung Quat site, which is known as the heart of the site and one important key project of Vietnam in the 21st century.

As said by Mr Nguyen Hoai Giang, Chairman of the Board Members of Binh Son Refining and Petrochemical Company Limited (BSR), the refinery’s manager and operator, the refinery – since being put into commercial operation in 2009 - has produced 41.37 million tonnes of products of all kinds; consumed 41.18 million tons ; reached 764.63 trillion of revenue; and contributed to state budget 130.18 trillion dong.

Recently, the government allowed raising the refinery capacity from 6.5 million tones to 8.5 million tonnes per year, the equivalent of 192,000 barrels of oil per day. The total capital for the project is about US $ 1.82 billion.

As expected, Dung Quat oil refinery expansion will enhance flexibility in selecting the oil fuel capacity to ensure stable sources of crude oil in order to improve the long term performance of the plant meet part of the demand for petroleum domestic order to raise budget revenues to promote the social and economic development of Quang Ngai.

Besides, the expansion plant will in accordance with planning in Decision No. 124 / QĐ-TTg of the Prime Minister on the adjustment of the general planning construction of Dung Quất Economic Zone, Quảng Ngãi province by 2020 with a total area of about 45 332 ha.

In particular, the site will be a hub of the petrochemical industry, chemical industry and heavy industry to the mainstream industry: refined steel, shipbuilding and other industries tied to the exploitation of deep-sea port.

This will also be an open industrial city, center of the national oil refinery, industrial urban center and port services of key economic areas with urban Central Van Tuong and Doc Soi, Chau O - Binh Cage.

Therefore, Quang Ngai province identified the high-tech industry, clean technology, electrification projects that will be given priority to actively welcome from mine gas stream brought ashore Blue Whale.

Quang Ngai will continually call for petrochemical projects, so after 2020 formed petrochemical complex project in sync with the upgrade and expand the Dung Quat oil refinery project, the chain is a solid foundation for early Center formed petrochemical and national energy in the Dung Quat economic Zone, Quang Ngai province.