Delegates attending the event in Hà Nội on Wednesday, including Deputy Minister of Foreign Affairs Nguyễn Minh Hằng and Chairman of the Quảng Ngãi People's Committee Đặng Văn Minh. — VNA/VNS Photo Lâm Khánh

HÀ NỘI — With more than 130km of coastline and the Dung Quất deep-water seaport, the central province of Quảng Ngãi holds significant potential for the development of its maritime economy.

This and much more information was presented to domestic and foreign investors in the event titled "Quảng Ngãi Presentation" in Hà Nội on Wednesday, co-organised by the Ministry of Foreign Affairs (MOFA) and the Quảng Ngãi Province's People's Committee.

In her opening speech, Deputy Minister of Foreign Affairs Nguyễn Minh Hằng expressed her confidence in Quảng Ngãi's potential for abundant development.

Hằng commended the province for its strategic direction, characterising Quảng Ngãi as a land of opportunity that possesses the three essential elements of "favourable timing, geographic advantage, and harmonious people."

Promoting these elements, Hằng believes, will garner significant attention and make Quảng Ngãi a priority choice for international partners in the near future, and set it up to become a development hub not only for the central region but for the entire nation.

According to Hằng, MOFA will continue to support and accompany localities, including Quảng Ngãi, in implementing economic diplomacy to promote foreign partnerships, expand import-export markets, attract foreign direct investments (FDI), and obtain Official Development Assistance (ODA) to fuel the province's various development drivers, such as tourism, maritime economy, logistics, trade, and industrial sectors like petrochemicals, chemicals and metal production.

Chairman of the Quảng Ngãi People's Committee Đặng Văn Minh later provided an overview of Quảng Ngãi's favourable factors at the conference.

Minh highlighted the province's strategic location in the key economic region of the central coast: the province boasts developed infrastructure, including road, waterway, railway, and air transport systems, along with a network of seven seaports.

With a dynamic and growing economy, a skilled workforce thanks to its leading universities and vocational schools, rich tourism potential, and a high-calibre leadership team dedicated to its development, Minh was confident of Quảng Ngãi's attractiveness to investors.

Minh also revealed that Quảng Ngãi has already completed its provincial development plan for the 2021-30 period with a vision towards 2050, and a general plan for building the Dung Quất Economic Zone up to 2035 with a vision until 2045.

Furthermore, aligning with the Government's development orientation for the North Central and Central Coastal regions by 2030 and 2045, the province has identified two development focal points: "Expanding and establishing a national petrochemical and energy centre in the Dung Quất Economic Zone" and "Developing a coastal and island tourism centre in Lý Sơn."

These priorities are expected to create numerous development opportunities for Quảng Ngãi and potential investors in the coming time.

During the conference, representatives from Japan External Trade Organization (JETRO), the Hong Kong Business Association in Vietnam (HKBAV), the European Chamber of Commerce in Vietnam (EuroCham), Bình Sơn Refining and Petrochemical Company Limited, and Doosan Enerbility Vietnam Company presented their business and investment plans in the province.

In the discussion session, delegates and Quảng Ngãi representatives exchanged views on issues related to insurance, labour, and specific investment and business policies.

Takeo Nakajima, head of the Japan External Trade Organization (JETRO) representative office, expressed the keen interest of Japanese businesses in expanding investments in Việt Nam. They are particularly interested in products with high added value and have a strong desire to explore opportunities related to highways, airports, seaports, industrial parks and more in Quảng Ngãi.

In her closing remarks, Bùi Thị Quỳnh Vân, Chairwoman of the Quảng Ngãi People's Council, expressed her confidence that with the province's dedication and determination, the conference will open up various prospects for cooperation which will attract substantial investment resources to jointly create new successes and prosperity for the locality, community and businesses.

At the event, an exhibition space for Quảng Ngãi was also available for delegates, with nine exhibitions featuring the landscape and achievements of the province.

Moreover, memoranda of understanding were signed between the Department of Planning and Investment of Quảng Ngãi Province and the Hong Kong Business Association in Việt Nam (HKBAV), as well as between the Management Board of the Dung Quất Economic Zone and industrial parks of Quảng Ngãi Province, and the Investment Information and Advisory Center (INVEST GLOBAL) under the Association of Foreign-Invested Enterprises (VAFIE). — VNS