16:26 | 14/08/2016 Economy- Society
Construction kicked off on the Dung Quat Industrial Town project in the central province of Quảng Ngai on Wednesday.
Ground-breaking ceremony of Dung Quat Industrial Town in Quang Ngai Province — Photo news.zing.vn
The project, spanning 1,303ha in Bình Sơn District, will be pided into two phases. The first phase is funded by the Hoàng Thịnh Đạt Joint Stock Company, with total capital of more than VNĐ2 trillion (US$89.5 million).
It will focus on building the infrastructure for the industrial park, across 319ha, including a wastewater treatment station with a capacity of 25,000cu.m. per day. It is expected to be completed in 2019.
The project is to operate for 50 years.
According to the current regulations, the project will enjoy duty exemptions on goods imported to create fixed assets. It will also be exempted from paying land and water surface rents.
The project aims to attract businesses in the areas of production and assembling of electrical, electronics and telecommunication devices; production of auto and plane components and parts; food and drinks; chemical, medicines and pharmacy; textile, garments and dying; and other light industries and parts supplies./.