PM gives nod to Dung Quat economic zone master plan
The adjustment will affect construction and design of the current area of 10,300 hectares of the zone as well as an extended area covering over 24,000 hectares on land and over 10,700 hectares on sea, according to Decision No. 998/QD-TTg by the PM.
According to the scheme, Dung Quat will be reconfigured into a multi-functional economic zone for diverse fields of investment and economic sectors, housing industrial, commercial, services, tourism, and agro-fishery facilities.
The core strength of the zone will be the areas of operation designed for oil refineries, petrochemical and heavy industrial facilities. By 2025, the zone is estimated to accommodate around 485,000 people, of which 320,000 will be urban residents.
To this end, the master plan also recommends proper allocation and use of land for urban and rural areas within the zone, so as to ensure appropriate basic social infrastructure for rural people and safety for all residents in case of natural calamities.
Dung Quat Economic Zone is situated in Binh Son district in the central province of Quang Ngai . It is home to the very first oil refinery built in Viet Nam.
