Coastal central province attracts increased FDIs


The provincial statistics agency said the number of FDI projects doubled in comparison to the same period last year. — Vietnam News

HANOI: The central province has granted new investment licences to 14 domestic projects worth 4.2 trillion dong (US$168mil) and seven foreign direct investment (FDI) projects with a proposed capital of US$124.2mil, in the first five months, promising a surge in the second half of the year.

The provincial statistics agency said the number of FDI projects doubled in comparison to the same period last year.

People’s Committee provincial vice-chairman Ho Quang Buu said a series of investment promotion programmes have been sped up, calling for more investors to seek opportunities in industrial parks and economic zones in Quang Nam.

Buu said the province aimed to create favourable conditions for hi-tech industries and environment-friendly investors in 2024 and 2025.

He said the province has kept in touch with the South Korea Trade Investment Promotion Agency, the South Korean Chamber of Commerce in Vietnam, the Japan External Trade Organisation, the Japan International Cooperation Agency, the European Chamber of Commerce, and the American Chamber of Commerce in sharing investment information related to key industries and offering surveys and field trips for investors to explore the environment.

The province allocated top priority to 233 key projects that are to help improve sustainable economic growth and revenue for the province’s budget in 2024–2025, he added.

The Authority of International Chu Lai Airport said it was seeking investments to build a new runway, taxiway, and increase aircraft parking lots from 32 to 40, as well as a new terminal.

It said the new investment projects would help increase the airport’s capacity to 10 million passengers per year.

The province also needs investments for a waterway at Lo Estuary for vessels up to 50,000 deadweight tonnes.

It said a duty-free zone has been planned for Tam Hoa as a supportive project related to the development of ports and logistics areas in Nui Thanh district.

A series of ports for cruise services has been planned along the rivers of Co Co, Thu Bon and Tan Hiep – a major dock on the Cham Islands, off the coast of Hoi An – in 2024–25, allowing for smooth traffic for 400-seat boats serving tourism in central Vietnam’s destinations.

To date, the central coastal province has 199 FDI projects with an accumulated value of US$6.2bil and 1,148 domestic projects worth US$9.2bil.

Quang Nam, the only region in Vietnam with two Unesco world heritage sites – Hoi An Ancient Town, My Son Sanctuary and the World Biosphere Reserve Cham Islands-Hooi An – has been promoting a ‘green tourism’ brand. — Viet Nam News/ANN

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit closes slightly lower vs US$ after hitting fresh six-month high
CGC eyes 25% increase in guarantee issuances this year
SCIB secures RM70mil Islamic banking facilities
AI to usher in a new era for Malaysian economy
Samaiden Group launches RM1.5bil Islamic financing programmes
SC: Promotion of certain capital market products on social media may require licence
Bursa Malaysia recoups earlier losses to end flattish
Ancom Nylex posts record profit of RM81.47mil in FY24, upbeat on prospects
Haily unit secures RM76.65mil award for construction of link houses in JB
Sapura Resources unit to explore JV on aircraft-related services

Others Also Read