Nghi Son Economic Zone attracted 28 investment projects

The Management Board of Nghi Son Economic Zone and Industrial Zones of Thanh Hoa province reported that 28 projects received investment certificates in the economic zone between January and September,

These projects included 27 domestic projects with total registered capital of 7.96 trillion VND and one foreign invested project with registered capital of 2.3 million USD, the management board said.

By September 2016, the Nghi Son Economic Zone had attracted 10 foreign invested projects with total registered capital of 12.12 billion USD and 133 domestic projects with total registered capital of 101.42 trillion VND.

During the nine months, the management board also permitted four projects to increase their investment capital by 306 billion VND and two projects to reduce their capital by 26.5 billion VND.

Nghi Son Economic Zone is located in Tinh Gia District in central Thanh Hoa Province since 2006 and has the Nghi Son seaport system.

The zone has given priority to investment in heavy industries and petrochemistry. It has a free trade region, a seaport, an urban area and an entertainment area, as well as financial, service and administrative areas.

There were several local and foreign investors who visited the zone to seek investment opportunities and sign memoranda of understanding (MoUs) for investment in the zone in the reviewed period, according to the management board.

They included Hyosung Group from the Republic of Korea which signed an MoU on investing 1 billion USD in the zone, Keystone Solution Group from the United States studying the development of healthcare projects in the zone and Royal Star Holdings Limited from Singapore studying the introduction of seaport and industrial zone infrastructure in the zone.

Source:VNA