Dung Quat Economic Zone to Expand into an Industrial City by 2025
Aug. 9 – Quang Ngai Province authorities in south central Vietnam are proposing plans to expand the Dung Quat Economic Zone into an industrial city by 2025.
There are plans to develop the economic zone from 10,300 hectares to 45,332 hectares; adding heavy industrial production facilities for the petroleum and chemical business in addition to resorts, deep-water seaports and other urban areas.
Currently the Dung Quat EZ has its own seaports. So far, foreign-invested projects worth US$7.85 billion have invested in Dung Quat.
Quang Ngai Province is located on the coastal area of the South China Sea; 883 kilometers from Hanoi and 838 kilometers from Ho Chih Minh City. In June, the country’s first oil refinery, Dung Quat, opened. A Japanese oil refiner, JX Holdings Inc., has expressed plans to invest US$1.1 billion to expand the Dung Quat oil refinery and increase production to more than 140,000 barrels per day.
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