Since its establishment (April 2006), Van Phong Economic Zone (located on Ninh Hoa Town and Van Ninh District) has attracted 158 investment projects with the total registered capital of around USD4.1 billion. Out of these projects, 129 are domestic projects, 29 are foreign-invested projects.
Since its establishment (April 2006), Van Phong Economic Zone (located on Ninh Hoa Town and Van Ninh District) has attracted 158 investment projects with the total registered capital of around USD4.1 billion. Out of these projects, 129 are domestic projects, 29 are foreign-invested projects. 91 projects have come into operation; 67 projects were granted investment certificates and have been under construction. The capital which has been used to complement the projects is approximately USD1.15 billion, accounting for 29% of the registered capital.
The projects that have come into operation in Van Phong Economic Zone in the period of 2016-2019 achieved a turnover of over USD1.7 billion, an average of USD427 million/year, contributing VND20,950 billion to the budget, an average of VND5,238 billion/year, mostly from tax revenue from petroleum imports and exports.
At present, Van Phong Economic Zone is providing jobs for 6,106 Vietnamese workers and 145 foreign workers.
Hong Minh
Translated by H.N
