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Quang Nam province attracts 5.8 billion USD in FDI

The central province of Quang Nam licensed 26 new foreign direct investment (FDI) projects with total capital of nearly 300 million USD in 2018, bringing the total number of FDI projects in the province to 169, worth 5.8 billion USD.
Quang Nam province attracts 5.8 billion USD in FDI ảnh 1An aerial view of the Chu Lai Open Economic Zone in Quang Nam province (Photo: VNA)

QuangNam (VNA) - The central province of Quang Nam licensed 26 newforeign direct investment (FDI) projects with total capital of nearly 300million USD in 2018, bringing the total number of FDI projects in the provinceto 169, worth 5.8 billion USD.

At a recent press conference, Vice Chairman of the provincialPeople’s Committee Huynh Khanh Toan said the province also granted investmentlicences to 64 domestic investment projects worth 6 trillion VND (265 millionUSD) in total.

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

Toan said the province has developed 55 industrial complexesand nine industrial parks to offer investment opportunities.

The province, which is home to UNESCO-recognised worldheritage sites such as Hoi An and My Son Sanctuary, as well as world biospherereserve Cham Islands-Hoi An, hosted 6.5 million tourists, of which 3.8 millionwere foreigners, marking growth of 21.5 percent over last year.

In 2018, the Vinpearl Group put into operation the firststage of Vinpearl Quang Nam Resort Complex on 179ha in Thang Binh district withtotal investment of 4.8 trillion VND (212 million USD).

Local Truong Hai Company, in cooperation with Japanese carproducer Mazda, also inaugurated the second Mazda plant in the province withtotal investment of 12 trillion VND (520 million USD), producing 100,000 carsfor both domestic and export markets, Toan added.

According to the provincial report, the 4 billion USD Nam HoiAn Integrated Resort, invested by VinaCapital and Gold Yield EnterprisesCorporations, will open soon.

Quang Nam also plans to upgrade Chu Lai airport to make theprovince a key destination and logistics centre for foreign investors in thecentral region, and link local economic zones with those in adjacent Quang Ngaiand Da Nang.

Budget carrier Vietjet Air and US partner ParsonsBrinckerhoff have proposed a master plan for upgrading the airport in threephases – from now until 2020, 2020-2025 and beyond 2025 with an estimated 2.5trillion VND (111 million USD) from the provincial budget.  

Last month, the Government announced the Chu Lai OpenEconomic Zone as a multi-sector economic zone stretching across 27,000ha, whichwill host various industries including automobile manufacturing, car supportindustry, oil refinery, high-tech agriculture, mechanical industry, seaportsand urban zones.-VNA
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