IZ project launched in central province

The central province of Nghe An and PetroVietnam Construction Corp (PVC) organised a ground breaking ceremony for the Hoang Mai Industrial Zone on Wednesday. The new IZ has total investment capital of VND680 billion (US$41.2 million).

The project, covering 290ha in Quynh Luu District, Nghe An Province, is part of a development strategy implemented by the Prime Minister. Once completed, the project is predicted to attract domestic and foreign enterprises, and promote the area as a business destination.

The industrial zone aims to attract enterprises from the construction materials, equipment manufacturing and chemical sectors, said provincial authorities.

Hoang Mai IZ is located near 1A Highway, Nghi Son deep-water port and the Nghi Son oil refinery complex. Four enterprises have already registered to rent land with a total area of 136ha.

The provincial authority expects the cornerstone project in the central economic region to be fully leased within five years.

PVC, the provincial people’s committee and PV Power land also opened a commercial centre named Quynh Luu Plaza on Wednesday.

Covering an area of more than 3,300 sq. metres, the nine-floor plaza is in the centre of Cau Giat Town, Quynh Luu District.

Source: VNS