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Amata Group commences construction of Song Khoai IZ

Released at: 13:56, 25/12/2018

Amata Group commences construction of Song Khoai IZ

Photo: VNA

Thai group gets construction of Quang Ninh IZ underway on December 21.

by Phi Linh

The Thailand-based Amata Group kicked off construction of the Song Khoai Industrial Zone, the first phase of the Amata City Halong project, on December 21.

Located in Ha Long city, northern Quang Ninh province, the project has total investment of over VND3.53 trillion ($154 million) on an area of 714 ha and will be implemented in five phases. The first, covering 123 ha, is slated for completion in 2020.

This is the second zone Amata has built in Vietnam, joining the 700-ha Bien Hoa Industrial Zone in the southern province of Dong Nai.

CEO of Amata Vietnam Somhatai Panichewa told local media that the project will earn about $5 billion per year in revenue and create 300,000 jobs.

At the breaking-ground ceremony, Deputy Minister of Planning and Investment Nguyen Van Trung praised the efforts of Amata, saying that the project is not only significant to the development of Quang Yen town but also to the growth of Quang Ninh province and is a step towards the development of the Quang Yen Coastal Economic Zone in the future.

Mr. Nguyen Duc Long, Chairman of the Quang Ninh Provincial People’s Committee, has asked relevant agencies to support and create the necessary conditions for the investor to promptly deal with administrative procedures and ensure progress.

As at November 20, Quang Ninh had 119 valid foreign-invested projects with total registered capital of more than $6 billion, according to the Ministry of Planning and Investment.

Among 21 countries and territories investing in the province, the US is the largest, with $2.3 billion in eight projects, accounting for nearly 38 per cent of total capital. It is followed by China, Singapore, Japan, and Indonesia.

Most FDI has been poured into tourism, services, hotels, industry, mining, fiber production, and building materials.

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