The Hanoitimes -
Prime Minister Nguyen Xuan Phuc have called for the potential investors to join hands to bring Quang Nam in particular and Vietnam in general flying higher in the time ahead during held a conference in the province on March 26.
The central province of Quang Nam held an investment promotion conference 2017 in the locality on March 26.
Prime Minister (PM) Nguyen Xuan Phuc attended the conference which calls for investments in the automobile support industry, garment-textile, and entertainment services in coastal areas, hi-tech agriculture, and pharmaceutical industry.
The event also attracted the participation of nearly 1,000 delegates.
Prime Minister Nguyen Xuan Phuc speaks at the conference.
Speaking at the event, the PM said Quang Nam owns many natural advantages to attract investors, such as favourable geography, rich forest and marine resources, and good infrastructure.
The province was one of 15 localities with the biggest contributions to the State Budget in 2016, PM Phuc noted.
Quang Nam has recorded rapid socio-economic development over past decades. It had a GDP of just 607 billion VND (26.6 million USD) in 1997, but this has grown to 20 trillion VND (878 million USD) in 2016, he stressed.
The province has successfully lured 4.5 million tourists per year, nearly 70 percent of whom are foreigners. The figure could be 10 or 15 times higher if the locality works to promote tourism and build its brand name, he said.
The Government leader highlighted that the local business environment has become more attractive and stood in the country’s top list.
He required authorities of Quang Nam province to put forth more policies to draw big and highly-competitive businesses.
In order to reach sustainable development, the province needs to diversify its budget collection, arrange population appropriately, and improve the efficiency of infrastructure investments, the PM suggested.
He stressed the importance of making effective use of rivers, and have long-term vision and planning schemes in the locality.
In addition, the province should improve infrastructure quality so as to connect with other neighbours, like Da Nang and Quang Ngai, the PM said.
He also emphasised that Quang Nam should take full advantages of available resources from its geography and economic interconnection space in the region.
PM Phuc witnesses the hand-over of investment certificates during the event.
The province needs connect with other localities, such as Vinh Phuc (because the province also produces cars like Quang Nam), and Hanoi and HCM City where are big cities and attract the large number of international visitors, he added.
At the conference, PM Phuc and other officials witnessed the hand-over of investment certificates and decisions as well as banks’ investment credit pledges to projects, totaling around 15.8 billion USD.
Quang Nam has so far attracted 126 foreign direct investment (FDI) projects capitalized at nearly 5.5 billion USD. In 2016, the province granted new investment licenses to 17 FDI projects worth around 122.8 million USD
The same day, the PM attended a ceremony to launch the public administrative and investment promotion centre in Quang Nam, the second of its kind nationwide, after the first pilot one in the northern province of Quang Ninh.
The Governement leader later joined a ceremony to kick-start the construction of the THACO-Mazda automobile manufacturing plant at Chu Lai Open Economic Zone in Nui Thanh district.
The project worth 12 trillion VND (equivalent to 520 million USD) is expected to be put into operation in April 2018 with a designed capacity of 100,000 cars per year.
PM Phuc said the Government will create all favourable conditions to develop the automobile support industry.
He also participated in a ceremony to commence the building of a Vinpearl tourism resort complex in Thang Binh district.
Translated by Thu Minh