When the Free Trade Agreement (EVFTA) and the
Investment Protection Agreement (EVIPA) between Vietnam and the European Union
come into force, this will create favorable opportunities for European
businesses to invest in Quang Ngai.
In the period of 2011-2013, in Dung Quat EZ and Quang
Ngai Industrial Zones, there were only 3 FDI projects from the EU, with an
investment of more than US $ 63 million.
So far, they have increased to 5 projects (from 4
countries: Belgium, Germany, England and Austria), with a total investment of
more than 278 million USD.
Particularly, Project Bekaert Vietnam - Dung Quat
Steel and Braided Steel Factory, of Bekaert SA Group (Belgium), licensed to
invest in Dung Quat EZ by the end of 2018, with a total investment of 125
This is the FDI project from Europe with the largest
investment capital in Quang Ngai, up to the present time.
This project uses about 40ha of land in VSIP Quang
Ngai Industrial Zone, specializing in manufacturing braided steel wire, steel
toothpick reinforcement used in tires and improved braided steel wire for
automotive and other industries.
The project is expected to start in 2019 and go into
operation in 2021.
Recently, a representative of Bekaert Vietnam Company
signed a memorandum of understanding with Dung Quat Technological College on
training, providing human resources for the project.
Liek Larmuseau, Executive Vice President of Bekeart
Vietnam, said that in the first stage, the factory has a capacity of about
75,000 tons / year of braided steel wire, 1,000 tons / year of steel toothpick
and 2,000 tons / year of braided steel wire up.
Previously, the project of Messer Hai Phong - Dung
Quat industrial gas separation and liquefaction plant, with a total investment
of USD 90 million of Messer Industrial Gas Co., Ltd. (under Messer Group of
Germany) has been licensed to invest in the industrial zone east of Dung Quat
EZ. After nearly 2 years of investment, the factory is currently in trial
General Manager of Messer Industrial Gas Co., Ltd.
Marc Oliver Wachter said that the industrial gas separation and liquefaction
plant in Dung Quat EZ is Messer's largest scale factory in Southeast Asia.
Under the contract signed with Hoa Phat Group, the plant
will provide Hoa Phat Dung Quat Iron and Steel Production Complex with 80,000
Nm³ / h of oxygen and 160,000 Nm³ / h of nitrogen.
In addition, the plant also provides liquid gas to
other businesses, such as the shipbuilding industry or the automation industry.
Deputy Director of the Authority of Dung Quat Economic
Zone and Quang Ngai Industrial Parks Dam Minh Le said: Along with favorable
investment incentive policies, Dung Quat EZ and Quang Ngai Industrial Zones
have their own advantages attractive to international investors when deploying
the project here.
It is a deep-sea port system - an important gateway
for domestic and international import and export of goods. Specialized ports
associated with heavy industry factories and general ports have been exploited,
meeting ships of 50,000 - 200,000DWT. In the near future, a modern general -
container terminal will be constructed by Hoa Phat General Port Joint Stock
In addition, Dung Quat EZ and Quang Ngai Industrial Zones
have the advantage of relatively large industrial development land fund and
complete infrastructure investment. Especially, transport infrastructure
connecting Dung Quat Economic Zone with the central key economic region such as
Da Nang - Quang Ngai highway; Chu Lai expanded airport (phase I) ...
Especially, VSIP Quang Ngai Industrial Park, with
clean land fund and modern and synchronous infrastructure and associated
utilities, is an ideal place for the Investors can immediately deploy
Honorary Deputy Consul of the Kingdom of Spain in
Danang, member of the European Association of Enterprises in Vietnam (EuroCham)
Jose Sanchez Barroso Gonzalez said: In August 2018, the EU and Vietnam agreed
on the final documents for EU - Vietnam trade and investment agreements.
The agreements will provide opportunities to enhance
trade and support employment and growth on both sides, through the removal of
99% of all tariffs; reduce legal barriers and cumbersome administrative
procedures; ensure protection of geographical indications; service opening and
public procurement market.
. Sourced QNĐT, Translated by M.H