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Quang Tri eyes 86 million USD logistics centre

The People's Committee of Quang Tri province has approved in principle for Dong Nam ICD JSC to develop a logistics centre, expected to cost more than 2 trillion VND (86 million USD), in the East South Quang Tri Economic Zone.
Quang Tri eyes 86 million USD logistics centre ảnh 1Illustrative image (Photo: quangtri.gov.vn)
QuangTri (VNS/VNA) - The People's Committee of Quang Tri province hasapproved in principle for Dong Nam ICD JSC to develop a logistics centre,expected to cost more than 2 trillion VND (86 million USD), in the East SouthQuang Tri Economic Zone.

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

The committee’s Vice Chairman Ha Sy Dong told baodautu.vn thatthe investor will get preferential corporate income and import taxes, landrental exemption and other investment incentives in accordance with regulations.

Quang Tri is shaping up to be an attractive destination for domestic andforeign investors thanks to its advantageous natural conditions, synchronousinfrastructure, clear mechanisms, and especially the commitment of localauthorities to welcome and facilitate investment.

Last year, the province saw construction of nearly 30 key projects commencewith a total investment of about 100 trillion VND (4.29 billion USD). Thisproved a great effort by the locality to attract  investment, baochinhphu.vn reported.

Theyincluded the Thailand-invested BOT Quang Tri 1 Thermal Power Plant, worth above55 trillion VND, in Hai Khe commune of Hai Lang district. The project, thelargest of its kind in the province, has a designed production capacity of1,320 MW.

Others were the 685ha-My Thuyport area, being constructed in the East South Quang Tri Economic Zone withtotal investment of over 14 trillion VND; wind power plants Huong Phung 2 and 3with a combined investment capital of nearly 2.31 trillion VND in Huong Hoa districtand a 36ha eco-tourism complex, valued at 1.7 trillion VND in Vinh Linh district. 

According to local authorities, many domestic and foreign investors have seenthe province's potential, strengths, and aspirations to rise and they arewilling 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 orthose that facilitate the province's general development./.
VNA

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