VNECONOMY updated: 30/08/2006
The Bo Y international border gate economic zone (EZ) in the Central Highlands province of Kon Tum has so far lured over VND20.6 trillion (US$1.3 billion) worth of both local and foreign investment.
The managing board of the Bo Y border gate economic zone revealed this in a meeting with the provincial authorities.
Of the figure, more than VND1.5 trillion (nearly US$100 million) from six Vietnamese investors, will be poured into such promising sectors as construction of new urban residential areas, construction materials production, free-tax commodity trading and eco-tourism.
The managing board is currently examining a number of projects, with a total registered capital of VND9 trillion (US$562 million), in various fields, including automobile production, garments and textiles, petrol base depots, agro-forestry and seafood processing for exports, as well as construction of an international commercial zone.
As many as 34 businesses are waiting for a license to do business and open representative offices in the economic zone, including 7 projects currently under construction worth VND116 billion (VND7.3 million) and another 18 projects worth over VND10 trillion (US$625 million).
The Bo Y international border gate economic zone (EZ) in the Central Highlands province of Kon Tum has so far lured over VND20.6 trillion (US$1.3 billion) worth of both local and foreign investment.
The managing board of the Bo Y border gate economic zone revealed this in a meeting with the provincial authorities.
Of the figure, more than VND1.5 trillion (nearly US$100 million) from six Vietnamese investors, will be poured into such promising sectors as construction of new urban residential areas, construction materials production, free-tax commodity trading and eco-tourism.
The managing board is currently examining a number of projects, with a total registered capital of VND9 trillion (US$562 million), in various fields, including automobile production, garments and textiles, petrol base depots, agro-forestry and seafood processing for exports, as well as construction of an international commercial zone.
As many as 34 businesses are waiting for a license to do business and open representative offices in the economic zone, including 7 projects currently under construction worth VND116 billion (VND7.3 million) and another 18 projects worth over VND10 trillion (US$625 million).
Source: Vietnam Agency
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