Quang Tri attracts over 1,400 billion VND in investment in coastal industrial parks and economic zones

In 2023, Quang Tri granted investment licenses to 5 projects in coastal economic zones and industrial parks with a total registered investment capital of VND 1,409,243 billion.

The Management Board of Quang Tri Provincial Economic Zone has just sent a report to the Ministry of Planning and Investment on the construction and development of coastal industrial parks and economic zones in 2023.

Accordingly, in 2023, the Provincial Economic Zone Management Board issued investment policy decisions/investment registration certificates for 5 projects in the province's coastal economic zones and industrial parks with a total registered investment capital of VND 1,409,243 billion and a land use area of about 25.33 hectares.

The projects include: Solar panel factory of QV Solar Investment and Development Joint Stock Company, total investment capital of VND968,969 billion, expected land area of 7.5 hectares. Vsico dry port area of VSICO Maritime Joint Stock Company, total investment capital of VND236,606 billion, expected land area of 8.6 hectares. Gio Linh export garment, printing and embroidery factory of Gio Linh Garment and Trading Joint Stock Company, total investment capital of VND90 billion, expected land area of 2.5 hectares. Sepon organic fertilizer factory of Quang Tri Trading Corporation, total investment capital of VND38 billion, expected land area of 1.9 hectares. Dang Hung packaging and plastic products factory, total investment capital of VND75,668 billion, expected land area of 3 hectares.

In 2023, 3 projects in Quang Tri coastal economic zones and industrial parks will start construction.

Also in 2023, 3 projects in Quang Tri coastal economic zones and industrial parks will start construction, including: Huy Long agricultural production and processing factory; Nam Cua Viet CFG port; Quang Tri industrial park.

There are 4 completed projects put into operation with a total registered capital of 277.76 billion VND, land area of about 9.78 hectares including: Plastic packaging factory in Lao Bao Special Economic Zone; Gio Linh Garment Factory; Kim Long veneer and furniture factory in Quan Ngang Industrial Park; Titanium processing factory and ziconiun silicate product production in Quan Ngang Industrial Park; In addition, during the year, the Management Board of Quang Tri Economic Zone also adjusted the investment projects of 10 projects and terminated the investment projects of 2 projects.

Regarding investment in infrastructure construction of industrial parks and economic zones, the total public investment capital from the state budget assigned to the Quang Tri Provincial Economic Zone Management Board in 2023 is 73.63 billion VND. The capital that has been arranged and entered into tabmis is 57.67 billion VND. Disbursement by December 31, 2023 reached 47.726 billion VND, the disbursement rate reached 82.76%.

Mr. Pham Ngoc Minh, Head of the Quang Tri Economic Zone Management Board, said that currently, the state budget capital for infrastructure construction in the province's coastal industrial parks and economic zones is still limited, failing to meet the requirements for infrastructure completion. At the same time, capital mobilization from economic sectors and other legal sources for infrastructure investment is still low and facing many difficulties.

In addition, the essential infrastructure of the economic zone and the infrastructure connecting the economic zone with other regions in the country and internationally are still lacking and not yet synchronized. Some transport infrastructure in the area has degraded and has not been invested in upgrading or repairing, thus reducing competitiveness and making it difficult to attract businesses and potential investors to research and survey investment.

“According to Official Letter No. 1804/TTg-CN dated December 18, 2020 of the Prime Minister on selecting a number of border economic zones to focus on investment and development from the State budget for the period 2021-2025, including Lao Bao Special Economic Zone. Currently, the medium-term public investment plan for the period 2021-2025 has been approved, the central capital allocated for industrial parks and economic zones of Quang Tri, including the Southeast Quang Tri Economic Zone and the La Lay international border gate area, is 192,952 billion VND. In the period 2021-2025, due to the difficult provincial budget, the central budget has not increased, so Lao Bao Special Economic Zone has encountered difficulties in investing in infrastructure, so the Provincial Economic Zone Management Board has also proposed that the Ministry of Planning and Investment consider allocating direct support capital to implement infrastructure investment for industrial parks and economic zones of the province”, Mr. Minh added.

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