Vietnam's economic zones to lure 14 bln USD by year-end

Vietnam's economic zones are expected to attract 13.3-14.3 billion U.S. dollars worth of foreign and domestic investment by the end of this year, local newspaper Investment reported Friday.

Some foreign investors are preparing for pouring hundreds of millions, even billions of dollars into building seaports and thermoelectric plants in some of the zones. To date, eight economic zones in Vietnam - Chu Lai, Chan May, Lang Co, Nghi Son, Vung Ang, Van Phong, Nhan Hoi and Phu Quoc - have enticed total domestic and foreign investment of 8.6 billion dollars.

The Dung Quat Economic Zone in central Quang Ngai province has so far attracted 70 domestic and foreign-invested projects with total registered capital of 3.8 billion dollars, said the newspaper.

Source: Xinhua