Nghi Son Economic Zone – Motivation for regional development

It is no coincidence that before the Nghi Son Economic Zone was established, Japanese investors have to learn, study and investment decisions construction Cement plant in this land, the land is difficult in production agriculture, but favorable for industrial development is located in the southern province of Thanh Hoa, Nghe An province north. Calculated from the Nghi Son economic zone by the Prime Minister to allow the establishment in 2006 to the present, and especially when Nghi Son Cement Plant was built and put into production, sales (month 7/2010 ), Nghi Son Economic Zone evoked potentials, strengths and is an attractive destination, bring success for investors in the country.

Concentrating many large-scale projects
Until now, many investors from domestic and abroad to explore investment opportunities of scale project in Nghi Son Economic Zone. In particular, the project must mention the Nghi Son cement plant, Nghi Son Thermal Power Plant 1, Project Joint Nghi Son Refinery, Cong Thanh Cement Plant, Steel Rolling Factory Nghi Son, National Harbor International Iron and Steel Nghi Son … This is truly “nuclear”, dynamics of economic development of the economic zone in particular, the south of Thanh Hoa province and the north of Nghe An province in general.

In large projects above, Nghi Son Thermal Power Plant 1 is under construction with a total investment of USD 900 million (mainly by Japanese ODA). Sets the main contractor of the project by the Marubeni Corporation (Japan) topped. By the efforts and determination of the owner, the contractor, the entire units of the plant has the national grid.

Next, January 10/2013, Project Joint Nghi Son Refinery started construction commenced. This is a key national project, with a capacity of phase I is 10 million tons of crude oil / year and will increase capacity to 20 million second phase tons of crude oil / year. Shortly after starting work, the contractors are from Japan, Korea, France, Malaysia … has immediately started implementing construction works according to plan for commercial operation in the third quarter / 2017. Does the contractor have basically completed pile, is executing the work items like crude oil pipelines in factory, construction of foundations, structural steel works factory …

Not only projects Nghi Son Thermal Power Plant 1, with each project being implemented, to go into production, business, Nghi Son Economic Zone again attracted high quality resources from international bidders, contractors national prestige, the training facilities at home and abroad; is an opportunity for cooperation, transfer of experience, the most advanced production technology. By the end of 2014, Nghi Son Economic Zone has attracted 115 investment projects; of which 106 domestic investment projects, with total registered capital of more than 94 361 billion VND, 9 foreign investment projects with total registered capital of more than 9.862 billion USD.

Spending many resources for investment in infrastructure
To achieve this result, since the date of its establishment, the Provincial Party Committee, People’s Council, People’s Committee of Thanh Hoa province has close direction, with the help of the Government, ministries and central agencies; effective coordination of departments, agencies and local governments, related agencies to implement solutions developed Nghi Son Economic Zone.

Concretely, Thanh Hoa province, Central Government has preferred to spend the financial resources for the construction of technique infrastructure projects in Nghi Son Economic Zone such as marine works, docks, breakwaters, dredging, transportation works, construction, water supply system, power supply, the resettlement areas … In the period 2006 – 2014, with more than 3,249 billion from the central budget, local capital and its capital Ltd. Nghi Son Refinery, many works of technical infrastructure such as electricity, water supply, transportation systems … has been completed, create favorable conditions for business to invest in Nghi Son Economic Zone.

Along with speeding up construction projects, the Management Board of Nghi Son Economic Zone, Tinh Gia district and related units have close coordination in compensation for site clearance (clearance), resettlement to operate the households affected by the project, should the site clearance in Nghi Son Economic Zone already meet the requirements of the investor of the project.

After starting construction projects Complex Nghi Son Refinery, the potential and advantages of investment in Nghi Son Economic Zone has also been a lot of investors from countries such as Germany, Poland, Japan, Korea Korea, Australia … to explore investment opportunities. To meet the needs of investors, in addition to speeding up the construction of the technical infrastructure …, management Nghi Son Economic Zone is working with relevant departments enlist reviews the concerned ministries and branches on the scheme extended Adjust Nghi Son Economic Zone to over 60,000 hectares, to complete and submit to the Government for approval in 2015. The aim by 2020, Nghi Son Economic Zone will invest completed basic infrastructure works such as roads, ports inflows, wastewater treatment systems, industrial waste concentration … At the same time, calling for investment in infrastructure construction of industrial parks No. 3, No. 4, No. 5 of the Nghi Son Economic Zone, to facilitate investment projects after petrochemical and other projects in accordance with the approved plan. In the immediate future, it is expected that in 2017, Nghi Son economic zone to attract new investment is estimated at $ 5 billion, including $ 3 billion in foreign investment, $ 2 billion investment in the country, raising investment capital to 2017 at Nghi Son economic zone of over 21 billion dollars. Simultaneously, the Management Board of Nghi Son economic zone in collaboration with the relevant departments of the provincial study and supplement a number of policies, such as recruitment incentives, use of local labor, encouraging workers professional, skilled to work in Nghi Son Economic Zone.