Industry and handicraft sector
A complex of automobile and auto component factories
Vung Ang Economic Zone (18.051139702416975, 106.36520299463032)
Transport infrastructure, electricity, and water supply in the project area; distance to the airport, seaport, railway, and road: Location in the province: on the South side of Ha Tinh Province. - Location in the region/sub-region: Vung Ang Economic Zone, Ky Loi Commune, Ky Anh Town, Ha Tinh Province. - Distance from project site to airports, ports, highways, the national routes: Dong Hoi Airport (Quang Binh) is about 80 km to the South, and Vinh Airport (Nghe An) is about 120 km to the North; connecting to National Route 12C and associating with other areas via National Route 1A, Ho Chi Minh Road and Laos and Thailand through Chalo Border Gate; connecting to railway system through Vung Ang - Laos railway (to be constructed soon) and other transport systems such as North - South Expressway, seaway, etc. - Electricity and water supply are available for the project’s operation.
Investment objective/Investment eficiency: Construction of complex of automobile and auto component factories with synchronous infrastructure and modern equipment up to international standards; creating jobs for local workers, contributing to the local budget, increasing export value... and building Vung Ang Economic Zone to become a center of steelmaking and automobile manufacturing industry.
Investment incentives: Be entitled to investment incentives for areas of extremely difficult socio-economic conditions
Labor force: In the first quarter of 2023, there were 521,589 people aged 15 and over in the labor force, with males accounting for 53.56% and females accounting for 46.44%. Of these, 22,422 people were unemployed, with approximately 10,360 men and 12,062 women
Asessment of conformity with the plannings: Complying with the Ha Tinh Province’s Master planning scheme for 2021 - 2030 with a vision to 2050
Total investment capital: 10,638.3 million dollar
Area: To be determined
Average salary: 8 - 10 million dongs per capita per month
Preliminary site clearance cost: To be determined
Land status: Mixed-use land