The Vung Ang Economic Zone in the central coastal province of Ha Tinh has attracted 79 projects capitalized at over US$16 billion to date.
Of the total number of projects, 35 are foreign invested. In the first seven months of this year, investment licences were granted to 14 projects in the zone, valued at more than US$500 million.
Among the biggest projects is one to build a US$10 billion steel factory and sea port invested by Formosa Heavy Industries Corporation from Taiwan, China.
Vung Ang EZ, one of the country’s five key coastal economic zones, was founded in 2006, covering an area of 22.78ha in Ky Anh District.
Firms based in the zone have so far created over 15,000 jobs.