Auto manufacturing at Chu Lai Economic Zone. (Source: VNA)

Quang Nam (VNA) – The central province of Quang Nam is home to nearly 6,000 businesses, including 153 foreign direct investment (FDI) projects with total registered capital of 5.58 billion USD.

In the first quarter of 2018, the locality licensed five FDI projects worth nearly 12.4 million USD.

Among more than 20 countries and territories investing in Quang Nam, the Republic of Korea (RoK) takes the lead with 31 projects valued at more than 250 million USD. Of which, 20 projects are operational while the rest are under construction.

During January-March, the province also granted licences to 12 domestic projects with accumulated capital of over 954 billion VND (41.9 million USD). At the same time, there were 278 newly-established firms worth 1.4 trillion VND (61.6 million USD).

Nguyen Hong Quang, Chief of the Office of the provincial People’s Committee, said the foreign-invested enterprises have generated jobs for tens of thousands of labourers.

He also highlighted Quang Nam’s potential and advantages for industry-based economic development such airport and seaport infrastructure, favourable transport and high-quality human resources.

The locality is calling for investment in a range of areas such as infrastructure in industrial zones and clusters, manufacturing mechanics, industries in support of auto manufacturing and assembling, garment-textile, leather and footwear, electronics, and agro-forestry-seafood product processing, among others, he said.-VNA