THE PRIME MINISTER OF GOVERNMENT
SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom - Happiness
Hanoi, June 16, 2006
APPROVING THE GENERAL PLANNING ON SOCIO-ECONOMIC DEVELOPMENT OF DUNG QUAT ECONOMIC ZONE UP TO 2015 WITH A VISION TOWARD 2020
THE PRIME MINISTER
Pursuant to the December 25, 2001 Law on Organization of the Government;
Pursuant to the Prime Minister's Decision No. 50/2005/QD-TTg of March 11, 2005, establishing Dung Quat Economic Zone, Quang Ngai province, and promulgating its Operation Regulation;
Based on Report No. 1339/TTr-UB of June 23, 2005, of the People's Committee of Quang Ngai province; Report No. 07/TTr-BQL of June 23, 2005; Document No. 488/BQL of September 20, 2005, and Document No. 694/BQL of November 18, 2005, of the Management Board of Dung Quat Economic Zone;
At the proposal of the Planning and Investment Minister in Official Letter No. 8823-BKH/TD&GSDT of December 21, 2005, on the approval of the general planning on socio-economic development of Dung Quat Economic Zone up to 2015 with a vision toward 2020,
Article 1.- To approve the general planning on socio-economic development of Dung Quat Economic Zone (Dung Quat EZ) up to 2015 with a vision toward 2020 with the following principal contents:
1. Development viewpoints
a/ The investment in development of Dung Quat EZ should be made in the context of general socio-economic development of Quang Ngai province, Central Vietnam's economic region and the whole country.
b/ The development of Dung Quat EZ aims to expand the market and step by step integrate with the regional countries and the world.
c/ Dung Quat EZ shall be built into a general economic zone with the multi-branch and multi-sector development centered at oil refinery, petrochemical and chemical industries and some spearhead industries with large scale and investment advantages, and efficiently exploiting Dung Quat deep-water port.
d/ The development of Dung Quat EZ should ensure the general efficiency in terms of economy, politics, social affairs, security, defense and environmental protection.
e/ Efforts should be concentrated on building comprehensive, complete and highly sustainable material foundations as well as modern and civilized urban centers. To experimentally apply mechanisms and policies to develop production and business models with advantages and construction investment activities in Dung Quat EZ.
f/ Mechanisms and policies applicable to Dung Quat EZ must be really preferential and greatly incentive to domestic and foreign investment, ensuring long-term stability and creating favorable conditions for investors to develop production and business within the current legal framework, and must be further improved to be compliant with treaties to which Vietnam has signed or acceded and be in line with the trend of international economic integration.
2. Development objectives
a/ General objectives:
- To concentrate on stepping up the investment in development of Dung Quat EZ, attaching special importance to the development of oil refinery, petrochemical and chemical industries and heavy industries, a large-sized deep-water seaport in the direction of multi-branch and multi-sector development.
- To invest in building and developing Dung Quat EZ, together with Chu Lai EZ after 2010, into growth nuclei and industrial-urban-service centers of Central Vietnam's key economic region, which shall be driving forces for the industrialization and modernization of Central Vietnam and the whole country.
- To contribute to the achievement of the socio-economic development objectives of Quang Ngai province up to 2010 and the realization of orientations toward 2020.
b/ Development objectives up to 2015 and a vision toward 2020:
- Branches and domains where development investment is concentrated in Dung Quat:
+ To complete the construction of and put Dung Quat oil refinery into operation by 2009; at the same time, to commence the construction of a number of petrochemical and chemical plants to form an oil refinery - petrochemical and chemical complex on an area of around 600 hectares.
+ To build a number of large-sized heavy industry plants attached to Dung Quat deep-water seaport, such as the seagoing ship building and repair plant, second phase, the steel working and rolling mill, etc., in order to form a shipbuilding complex and a steel working and rolling cluster.
+ To prioritize and attract investment projects on production of consumer goods and processing of export goods in order to generate an annual export value of over USD 200 million on average.
+ To invest in building and exploiting Dung Quat deep-water port in association with industries and port logistic services.
+ To step by step invest in the development and formation of Van Tuong and Doc Soi urban centers.
+ To complete the investment in and exploitation of Thien Dang tourist site; and to invest in further development of Van Tuong eco-tourist site.
+ To promote and attract investment in the development of financial, banking, commercial, telecommunications and port services.
- Further investment in the synchronous development of infrastructure system and public-utility services:
+ Technical infrastructures: To build sand-shielding embankments and breakwaters of Dung Quat port; axial and important traffic routes; the system of fish wharves and embankment of Tra Bong river; the water supply and drainage system of the western industrial park and the eastern industrial park. To step by step invest in the development of Dung Quat deep-water seaport system under the Prime Minister's Decision No. 707/2002/QD-TTg of August 26, 2002.
+ Infrastructures of industrial parks, services, tourism and dwelling houses: Sai Gon-Dung Quat industrial sub-zone, Sai Gon-Quang Ngai industrial sub-zone and the light industry sub-zone, and the electronic industry cluster; Doc Soi urban center and condominiums for civil servants and workers, the urban center north of Van Tuong, the population and expert residence quarters, and the eco-tourist site.
+ Social and environmental infrastructures: To build the cultural and sport center; the international general education school; parks and botanical gardens; the fire prevention and fighting center; the resettlement quarters; the working office of the Management Board of Dung Quat EZ; the agricultural technical assistance center; the solid waste treatment quarter, rainwater drainage and wastewater treatment system; to plant protective forests for eco-environmental protection and creation of conditions for sustainable development.
+ Concentrated development and supply of human resources: To continue building Dung Quat job-training school, expand its scale and raise its training quality.
c/ Development investment objectives in each period:
- In the 2006-2010 period:
+ Investment attraction: The total registered investment capital shall reach over USD 5.5-6.0 billion, of which reimbursed investment capital shall account for 60-70%.
+ The industrial production value shall be more than VND 35,000 billion.
+ The export value shall be over USD 120 million/year.
+ The budget revenues shall reach VND 2,000 billion or more by 2010 (provided that the oil refinery is completed and operates at full capacity before 2010).
+ Jobs shall be created for around 15,000-20,000 laborers.
+ Dung Quat port shall handle around 20 million tons of cargoes.
- In the 2011-2015 period:
+ Investment attraction: The total registered investment capital shall reach over USD 8 billion.
+ The industrial production value shall be more than 1.6 times that of 2010.
+ The export value shall be over USD 300 million/year.
+ Jobs shall be created for around 30,000-40,000 laborers.
+ Dung Quat port shall handle more than 28 million tons of cargoes by 2015.
- Forecasts of development objectives up to 2020:
+ Investment attraction: The total registered investment capital shall reach over USD 10 billion.
+ The industrial production value shall double that of 2010.
+ The export value shall be over USD 400 million/year.
+ Jobs shall be created for more than 50,000 laborers.
+ Dung Quat port shall handle around 34 million tons of cargoes.
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