Quang Nam holds conference promoting investment

The central province of Quang Nam held a conference on March 26, calling for investments in the automobile support industry, garment-textile, and entertainment services in coastal areas.
Quang Nam holds conference promoting investment ảnh 1PM Nguyen Xuan Phuc attends a ceremony to launch the public administrative and investment promotion centre in Quang Nam (Photo: VNA)
Hanoi (VNA) – The central province ofQuang Nam held a conference on March 26, calling for investments in theautomobile support industry, garment-textile, and entertainment services incoastal areas, hi-tech agriculture, and pharmaceutical industry.

Addressing the event, Prime Minister Nguyen XuanPhuc said Quang Nam has its own natural advantages to attract investors, suchas favourable geography, rich forest and marine resources, and goodinfrastructure. 

The province has successfully lured 4.5 milliontourists per year, nearly 70 percent of whom are foreigners. The figure couldbe 10 or 15 times higher if the locality works to promote tourism and build itsbrand name, he said.

He evaluated that the local business environment has become more attractive andstood in the country’s top list.

The PM asked local authorities to put forth morepolicies to draw big and highly-competitive businesses.

To obtain sustainable development, Quang Namneeds to diversify its budget collection, arrange population appropriately, andimprove the efficiency of infrastructure investments, while making effectiveuse of rivers, and have long-term vision and planning schemes, he suggested.

Additionally, the province should improveinfrastructure quality so as to connect with other neighbours, like Da Nang andQuang Ngai, he said.

He and other officials witnessed the hand-over of investment certificates anddecisions as well as banks’ investment credit pledges to projects, totalingaround 15.8 billion USD. 

The same day, the PM attended a ceremony tolaunch the public administrative and investment promotion centre in Quang Nam,the second of its kind nationwide, after the first pilot one in the northernprovince of Quang Ninh.

He later participated in a ceremony tokick-start the construction of the THACO-Mazda automobile manufacturing plantat Chu Lai Open Economic Zone in Nui Thanh district.

The project worth 12 trillion VND (equivalent to520 million USD) is expected to be put into operation in April 2018 with adesigned capacity of 100,000 cars per year.

The PM said the Government will create allfavourable conditions to develop the automobile support industry.

He also took part in a ceremony to commence thebuilding of a Vinpearl tourism resort complex in Thang Binh district.

Quang Nam has so far attracted 126 foreigndirect investment (FDI) projects capitalized at nearly 5.5 billion USD. In2016, the province granted new investment licenses to 17 FDI projects wortharound 122.8 million USD. - VNA

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