Quảng Trị eyes $86m logistics centre

Created 09 May 2020
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The People Committee of Quảng Trị has approved in principle for Đông Nam ICD JSC to develop a logistics centre, expected to cost more than VND2 trillion (US$86 million), in Hải Quế Commune’s East South Quảng Trị Economic Zone.

An artist's impression of the logistics centre. — Photo

QUẢNG TRỊ The People's Committee of Quảng Trị has approved in principle for Đông Nam ICD JSC to develop a logistics centre, expected to cost more than VNĐ2 trillion (US$86 million), in Hải Quế Commune’s East South Quảng Trị Economic Zone.

The 72ha centre is slated for completion in 2025. That aims to contribute to speeding up the development of the logistics industry in the province and facilitate local enterprises in the economic zone and those in neighbouring areas.

The committee’s vice chairman Hà Sỹ Đông told that the investor will get preferential corporate income and import taxes, land rental exemption and other investment incentives in accordance with regulations.

Quảng Trị is shaping up to be an attractive destination for domestic and foreign investors thanks to its advantageous natural conditions, synchronous infrastructure, clear mechanisms, and especially the commitment of local authorities to welcome and facilitate investment.

Last year, the province saw construction of nearly 30 key projects commenced with a total investment of about VNĐ100 trillion ($4.29 billion). This proved a great effort by the locality to attract investment, reported.

They included the Thailand-invested BOT Quảng Trị 1 Thermal Power Plant, worth above VNĐ55 trillion, in Hải Khê Commune of Hải Lăng District. The project, the largest of its kind in the province, has a designed production capacity of 1,320 MW.

Others were the 685ha-Mỹ Thủy port area, being constructed in the East South Quảng Trị Economic Zone with total investment of over VNĐ14 trillion; wind power plants Hướng Phùng 2 and 3 with a combined investment capital of nearly VNĐ2.31 trillion in Hướng Hóa District and a 36ha eco-tourism complex, valued at VNĐ1.7 trillion in Vĩnh Linh District.

According to local authorities, many domestic and foreign investors have seen the province's potential, strengths, and aspirations to rise and they are willing to explore investment opportunities.

The province will call for investment in areas in which it has advantages. Meanwhile, the province will select investors who produce hi-tech goods or those that facilitate the province's general development.


Source: VNN

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