Dung Quat enters a new chapter.

Việt Nam•11/02/2024

(Quang Ngai Newspaper) - The Dung Quat Economic Zone is entering a new chapter. This is because the Provincial Planning for the period 2021-2030, with a vision to 2050, and the overall adjustment of the general planning for the construction of the Dung Quat Economic Zone until 2045 have been approved and are being implemented.

For nearly three decades, the Dung Quat Economic Zone has clearly demonstrated its pivotal role in Quang Ngai's economy, making a significant contribution to the development of the Central Vietnam Key Economic Region.

DRIVING FORCES FOR QUANG NGAI'S DEVELOPMENT

More than 31 years after Dr. Truong Dinh Hien, a marine physicist, surveyed the Dung Quat port and exclaimed, "Oh my God! I see it radiating glory!", the Dung Quat Economic Zone has truly shone brightly. Back then, right in Dung Quat Bay, Dr. Hien wrote these verses: "Dung Quat shimmers with glory/Van Tuong is magnificent in its splendor/Bustlingly moving towards prosperity/Factories, construction sites, and streets crisscrossing everywhere." Dr. Truong Dinh Hien's (he passed away in 2020 in Ho Chi Minh City) expectations for Dung Quat, Van Tuong, the massive projects, factories, and prosperity of Dung Quat have now become a reality.

The Dung Quat deep-water port system is leveraging its strengths and making a significant contribution to the province's economic development. In the photo: Doosan Vina exporting products to Singapore.

Over its 27 years of formation and development, the Dung Quat Economic Zone has made a particularly important contribution to the province's economic growth, helping Quang Ngai rank among the provinces and cities with the largest budget revenue in the country. In 2023, the province's total budget revenue reached approximately 29.9 trillion VND, exceeding the central government's target by 24.7% and the provincial People's Council's target by 21.8%. Of this, revenue from the Dung Quat Economic Zone and the province's industrial parks accounted for 87% of the total provincial budget revenue.

In 2023, thanks to the collective efforts of the Management Board of Dung Quat Economic Zone and the industrial parks of Quang Ngai province, along with businesses and investors in the Dung Quat Economic Zone and the industrial parks of Quang Ngai, all socio-economic indicators met and exceeded the set plan. Specifically, industrial production value reached approximately 250 trillion VND, achieving 142.9% of the annual plan; accounting for 95% of the total industrial production value of the province. Trade and service value was estimated at 4,500 billion VND (128.6% of the plan). Export turnover reached 2.2 billion USD (131% of the plan), and import turnover reached 3.5 billion USD. During the year, the Management Board supported businesses in the area in recruiting over 3,700 new workers, achieving 148% of the annual plan. To date, the Dung Quat Economic Zone and the industrial parks of the province have created jobs for over 68,000 workers.

MULTI-SECTORAL, MULTI-FIELD DEVELOPMENT

The Dung Quat Economic Zone has been shouldering significant responsibilities, serving not only as a pillar of economic development for Quang Ngai province but also for the Central Vietnam Key Economic Region. Resolution No. 26-NQ/TW dated November 3, 2022, of the Politburo on socio-economic development and ensuring national defense and security in the North Central and Central Coastal regions until 2030, with a vision to 2045, has set forth the task of expanding and building a national petrochemical and energy center in the Dung Quat Economic Zone. The Government has also issued Resolution No. 168/NQ-CP dated December 29, 2022, on the Action Program to implement Resolution 26 to realize the expansion and construction of the national petrochemical and energy center in the Dung Quat Economic Zone.

Specifically, on February 28, 2023, the Prime Minister signed Decision No. 168/QD-TTg approving the overall adjustment of the master plan for the Dung Quat Economic Zone until 2045. The Dung Quat Economic Zone covers an area of over 45,300 hectares, including nearly 33,600 hectares of mainland, 1,492 hectares of Ly Son Island, and approximately 10,700 hectares of sea area. This plan includes the entire natural area of the communes of Binh Dong, Binh Thanh, Binh Chanh, Binh Thuan, Binh Tri, Binh Hai, Binh Phuoc, Binh Chau, Binh Hoa, Binh Tan Phu, Binh Thanh, Binh Duong, Chau O town, and a part of the communes of Binh Long, Binh Nguyen, Binh Hiep, Binh Trung (Binh Son); the entire natural area of Tinh Phong commune and a part of Tinh Tho commune (Son Tinh). The entire natural area of Tinh Hoa commune and Tinh Ky commune (Quang Ngai City); the entire area of Ly Son island district and the adjacent sea surface.

Perspective view of the marina area - Southeast Dung Quat Urban and Service Zone. Photo: Management Board.

The Dung Quat Economic Zone is entering a new era, with a vision for the future to develop into one of the most dynamic maritime economic centers, a comprehensive multi-sectoral economy of national importance; leveraging the attractive coastal urban landscape and developing infrastructure to boost the maritime economy, aiming for prosperity. This is a comprehensive multi-sectoral economic zone encompassing industry, trade, services, tourism, urban development, and agriculture, forestry, and fisheries. The focus is on petrochemicals, chemicals, and heavy industry.

According to Mr. Ha Hoang Viet Phuong, Head of the Management Board of Dung Quat Economic Zone and Industrial Parks of Ha Giang province, immediately after the Prime Minister approved the overall adjustment of the General Planning for the construction of Dung Quat Economic Zone until 2045, the Management Board implemented the preparation of 9 detailed construction planning projects at a scale of 1/2000 in accordance with this plan, and to date, 3 projects have been approved by the Provincial People's Committee. The remaining projects are currently focusing on surveying and planning and will be completed for approval in the second quarter of 2024.

In 2023, the Management Board of Dung Quat Economic Zone and Quang Ngai Industrial Parks issued investment approval decisions and investment registration certificates for 12 projects, with a total registered investment capital of over VND 11.65 trillion (approximately USD 507 million), including 7 FDI projects (USD 365 million). 41 projects were adjusted, including 13 projects with increased capital, totaling over VND 26.8 trillion (USD 1.134 billion). To date, the Dung Quat Economic Zone and Quang Ngai Industrial Parks have 348 active projects with a total registered investment capital of nearly VND 390 trillion (USD 18 billion), including 63 foreign investment projects (USD 2.2 billion) and 285 domestic investment projects (nearly VND 340 trillion). Currently, 253 projects are in operation.

Text and photos: PHAM DANH

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