The central province of Quang Nam has so far attracted 153 foreign direct investment (FDI) projects with a total registered capital of US$5.58 billion, with five new FDI projects worth US$12.
Among more than 20 nations and territories pouring FDI capital into Quang Nam, the Republic of Korea remained the largest investor with 31 projects totally capitalised at more than US$250 million. Of that number, 20 projects are operational and the remaining ones are underway.
In the reviewed period,the province granted licenses to 12 domestic investment projects valued at more than VND954 billion. Meanwhile, there were 278 new businesses, with a combined registered capital of more than VND1.4 trillion.
Nguyen Hong Quang, chief of the office of the provincial People’s Committee says FDI businesses operating in the locality have generated jobs for dozens of thousands of local workers, noting that the province holds great potential for developing its industrial economy and boasts an established infrastructure network serving its airports, sea ports, and road transport as well as possessing a highly skilled workforce.
Priority fields for FDI attraction are given to building infrastructure facilities at industrial parks and clusters, mechanical engineering, support industry for automobile production and assembly, the electrical and electronics industry, the garment and textile sector, leather and footwear industry, construction material production, agro-forestry-fishery processing, and the application of high technologies in agriculture such as growing and processing precious herbs of high economic value.
All industrial parks and clusters are based in areas with traffic convenience and synchronous infrastructure in order to meet requirements set by investment projects.VOV