Monday, April 6 2020


Central province attracts $5.8b

Update: January, 11/2019 - 09:00
An industrial complex at the Chu Lai Open Economic Zone in Quảng Nam Province. The province has attracted US$5.8 billion from foreign direct investment projects. — VNS Photo Công Thành
Viet Nam News

QUẢNG NAM — The central province of Quảng Nam granted 26 new foreign direct investment (FDI) projects with total captial of nearly US$300 million in 2018, bringing the total number of FDI projects in the province to 169, worth $5.8 billion.

Vice chairman of the provincial people’s committee, Huỳnh Khánh Toàn, held a press conference on Wednesday, stating that the province also granted investment licences to 64 domestic investment projects worth VNĐ6 trillion ($265 million) in total.

He said most of the major projects are based in the Chu Lai Open Economic Zone (OEZ), creating 21,000 jobs for local and neighbouring provinces.

Toàn said the province has developed 55 industrial complexes and nine industrial parks to offer investment opportunities.

The province, which is home to UNESCO-recognised world heritage sites such as Hội An and Mỹ Sơn Sanctuary, as well as world biosphere reserve Chàm Islands-Hội An, hosted 6.5 million tourists, of which 3.8 million were foreigners, marking growth of 21.5 per cent over last year.

Labourers work at a factory in an industrial park in Quảng Nam Province. — VNS Photo Công Thành

In 2018, the Vinpearl Group put into operation the first stage of Vinpearl Quảng Nam Resort Complex on 179ha in Thăng Bình District with total investment of VNĐ4.8 trillion ($212 million).

Local Trường Hải company, in co-operation with Japanese car producer Mazda, also inaugurated the second Mazda plant in the province with total investment of VNĐ12 trillion ($520 million), producing 100,000 cars for both domestic and export markets, Toàn added.

According to the provincial report, the $4 billion Nam Hội An Integrated Resort, invested by VinaCapital and Gold Yield Enterprises Corporations, will open soon.

Quảng Nam also plans to upgrade Chu Lai airport to make the province a key destination and logistics centre for foreign investors in the central region, and link the economic zones of Quảng Nam, Quảng Ngãi and Đà Nẵng.

Budget carrier VietJetAir and US partner Parsons Brinckerhoff have proposed a master plan for upgrading the airport in three phases – from now until 2020, 2020-2025 and beyond 2025 with an estimated VNĐ2.5 trillion ($111 million) from the provincial budget.  

Last month, the government announced the Chu Lai Open Economic Zone as a multi-sector economic zone stretching across 27,000ha, which will host various industries including automobile manufacturing, car support industry, oil refinery, high-tech agriculture, mechanical industry, seaports and urban zones. — VNS


Send Us Your Comments:

See also: