An investment promotion workshop was held in Ho Chi Minh City on June 5, aiming to introduce investment environment and development potential of the central province of Quang Ngai.

It offered domestic and foreign businesses a chance to explore investment opportunity in the Vietnam-Singapore Industrial Park (VSIP), an industry – resident – tourism complex in the province, said Cao Thang, Chairman of the Quang Ngai People’s Committee.

Quang Ngai pledges to create all possible conditions for them to implement their projects by giving specific and prompt support to tackle all difficulties, he said.

Chairman Thang added that the province calls for investment in major areas of infrastructure construction, human resource development, oil refining and petro-chemicals industry and agricultural product processing.

Experts at the conference said Quang Ngai, which lies in the central economic hub, has many advantages to boost economic development, such as the Dung Quant Economic Zone, an oil refinery plant, deepwater ports and four industrial parks.

Quang Ngai also owns a large fishing ground with high potential for development of the maritime-based economy and tourism, they added.

The province has granted investment certificates to 289 projects, worth a total registered capital of 177.5 trillion VND. Of those, 22 are FDI projects worth a total of 3.9 billion USD.

Covering an area of 1,746 hectares, the VSIP Quang Ngai was granted an investment licence in April. It focuses on main industries such as food and beverages, consumer goods, electronic spare parts, light industry for oil refining and petro-chemicals.

With strong labour forces, the VSIP Quang Ngai is an ideal destination for businesses that desire to expand operation to both northern and south regions as well as the markets in Laos and Northeastern Thailand and Cambodia.-VNA