Addressing the event, head of the board Nguyen Minh Tai reviewed the development of the zone over the past two decades.
In 1994, the Prime Minister chose the zone to locate the country’s first oil refinery. The 2006-2010 period saw speedy growth of the zone with the implementation of the refinery and a number of large-scale projects, forming a large economic zone with total investment of over US$4 billion, which helped Quang Ngai’s exports and industrial value soar and make the province one of the 10 leading localities in budget collection.
So far, the zone has attracted 132 projects totalling US$10.5 billion, including 28 FDI projects with a total registered capital of nearly US$4 billion. As many as 82 projects have become operational with a total investment of about US$5 billion.
Last year, its total industrial, trade and service value reached US$39 billion, while exports hit US$230 million and budget collection was VND24.07 trillion. Projects in the zone are employing 15,000 labourers, 78 percent of whom are locals.
The infrastructure system of the zone, including 130km of roads and bridges, a sewage system, re-settlement areas, dykes, ports, power and water supply, as well as hospitals and vocational training schools, has also been basically competed.
Meanwhile, Vice Chairman of the Quang Ngai People’s Committee Dang Van Minh asked the board to give more advice to the local government on how to complete the management mechanism of the zone to strongly improve its investment environment and attract capital and high quality human resources.
He asked for faster construction of major infrastructure works, while requesting the board to focus on supporting investors in developing projects, including the expansion of the Dung Quat Refinery, and re-organising its management system after it was merged with the Quang Ngai management board of industrial parks.