Quang Ngai chases investment
Quang Ngai chases investment
The central province of Quang Ngai aims to improve its investment climate this year in a bid to sharpen its competitive edge and draw more investment capital, secretary of the provincial Party Committee Vu Van Thuong said during an investment promotion conference in the province on Saturday.
Top priority would be given to supporting foreign and domestic investors and creating more jobs for local people, he said.
Speaking at the event, chairman of the provincial People's Committee Cao Khoa said he considered industrial development a key task of the province by 2015.
"We strive to become an industrialised province by 2020," Khoa said. "Besides the Government's preferential policies, we have prepared fresh land and other sources to attract foreign and domestic investors."
During the event, which emphasised the importance of drawing investment into the Dung Quat Economic Zone and other industrial zones and trade villages in the locality, participants were briefed on the large-scale projects going on in the province, such as the Dung Quat Economic Zone (EZ), home to Viet Nam's first oil refinery.
The Prime Minister recently approved a plan to expand the EZ about 4.5 times in area to 45,332ha by 2025, with the goal of turning it into an open industrial city.
It was among five coastal economic zones around the country to receive prioritised fundings from the State's budget in the next three years.
After the Prime Minister's decision to expand the zone, a rising number of investors have come to seek investment opportunities.
Dung Quat aims to attract total investment capital of US$15 billion by 2015 and $25 billion by 2020 with a focus on heavy industries, hi-tech industries, services and urban development, said deputy head of the zone L Van Dung.
Quang Ngi's economic and industrial zones have attracted 289 projects to date, worth a combined VND177.5 trillion ($8.65 billion).
Of the sum, 22 were foreign-invested, capitalised at $3.9 billion.
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