Quang Ngai looks for investors in large-scale heavy industry
The central coastal province of Quang Ngai wants to attract foreign investors in large-scale heavy industry related to deep-water sea ports which is an advantage of the province.
Republic of Korea investors receive investment licences in Quang Ngai (Photo: VNA)
Quang Ngai (VNA) 𒐪– The central coastalprovince of Quang Ngai wants to attract foreign investors in large-scale heavyindustry related to deep-water sea ports which is an advantage of the province.
Director of the provincial investment promotion centreNguyen Duc Thanh added that Quang Ngai also hopes to engage investors in developinglight industry to produce products for export, support industry andenvironmentally-friendly projects. The province is currently home to 44 valid foreign-investedprojects with total capital of nearly 1.37 billion USD, mostly from theRepublic of Korea, China, Japan and Singapore. Foreign-invested enterprises in Quang Ngai are employingaround 12,000 workers. According to head of the external economic section under theprovincial Department of Planning and Investment Tran Hoang Vinh, during2005-2010, nearly 3.7 billion USD of foreign direct investment (FDI) was pouredinto 17 projects in Quang Ngai. However, during 2011-2016, the province attractedonly 599 million USD in 34 projects. Vinh said the two largest projects in Quang Ngai are theDoosan Heavy Industries Vietnam with an investment of 315 million USD and theVietnam-Singapore Industrial Park (VSIP Quang Ngai) capitalised at 139.8million USD. They are operating effectively, contributing to localsocio-economic development. Quang Ngai hopes to find potential investment partners inJapan, the RoK, Singapore and Thailand through businesses operating in theprovince. Public agencies in the province are making drastic effortsto reform administrative procedures, which coupled with the province’s numerousincentives are hoped to attract more foreign investors to Quang Ngai, Directorof the provincial investment promotion centre Nguyen Duc Thanh said.-VNA
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Republic of Korea investors receive investment licences in Quang Ngai (Photo: VNA) 
