The Dung Quat Economic Zone in the central province of Quang Ngai has to date attracted 103 projects with a combined capital of over $5b, according to the Investment and Trade Promotion Centre of the zone’s management board. In 2006 alone, twenty projects were licensed in the zone, capitalized at over $1.1b, $832,of which came from foreign-invested projects. Among major new projects were a $1b steel mill by Taiwan’s Tycoons Group, a $260m heavy industrial complex by the Doosan Group of South Korea, and PetroVietnam’s $2.5b Dung Quat oil refinery. The zone, however, is still facing several challenges, said the centre. Technip, lead contractor of the refinery project…