Opening up great opportunities for investment in Quang Tri

The conference to announce the provincial planning for the period 2021-2030, with a vision to 2050, is an important forum for exchanging, meeting, introducing, promoting the image, potential, and strengths of Quang Tri province and strengthening international cooperation in various fields. Through the conference, it opens up opportunities to attract investment projects; helping domestic and foreign enterprises seek investment and business cooperation opportunities in Quang Tri to promote the socio-economic development of the province.

The "Meeting Thailand" conference organized by Quang Tri province is an opportunity to expand investment cooperation - Photo: HNK

According to the provincial Department of Planning and Investment, at the conference announcing the provincial planning for the 2021-2030 period, with a vision to 2050, Quang Tri province will grant investment policy decisions and investment registration certificates to 10 investment projects in the province. This is the result of efforts to promote, seek, and promote investment in recent years.

Previously, in 2023, the People's Committee of Quang Tri province granted investment approval decisions and investment registration certificates to 50 projects with a total capital of VND 3,473.64 billion. Notably, currently in Quang Tri province, there are 21 valid FDI projects with a total registered capital of USD 2,536.87 million and the estimated realized capital of foreign investment projects in 2023 is USD 7.59 million.

Identifying investment promotion and calling as an important step to access and attract domestic and foreign investment capital, in recent years, the province has made efforts to improve the investment environment, flexibly apply preferential policies and many breakthrough solutions, thereby attracting many large-scale investment projects such as: My Thuy Port Area with a total investment of 14,234 billion VND; Quang Tri Industrial Park with a total investment of 2,074 billion VND, Quang Tri Airport with a total investment of more than 5,821 billion VND; Solar panel manufacturing factory with a total investment of 968.96 billion VND; High-tech pig farming area with a total investment of 204.66 billion VND...

In order to attract more investment projects, Quang Tri province has actively innovated investment promotion activities; focused on implementing diverse forms of approaching investors; proactively "searching" for investors through organizing forums and events to promote and call for domestic and foreign investment.

Among them, it is necessary to mention the successful organization of the first “Meet Thailand” event in Quang Tri, attracting a large number of delegates from provinces, cities in the country and Thai enterprises to attend. Actively linking with domestic localities to coordinate the development of mechanisms to enhance cooperation, support, and promote investment and trade.

Thanks to that, many investors, including large corporations and companies with prestige in the country, the region and the world, have come to survey and learn about investment opportunities in Quang Tri province such as: Hoa Phat Group Joint Stock Company discussed, learned to research and propose investment projects in the Southeast Quang Tri Economic Zone, Central Group Vietnam Corporation and Dong Duong Real Estate Investment and Trading Joint Stock Company studied to invest in building a commercial center in Dong Ha City.

ENI Vietnam Energy Company discussed cooperation opportunities to develop gas energy projects in the Southeast Quang Tri Economic Zone; Infrastructure and Transport Construction Investment Joint Stock Company surveyed and prepared documents to request additional planning for the Intracom - Quang Tri Offshore Wind Power Plant Project...

At the end of April 2024, Chairman of the Provincial People's Committee Vo Van Hung led a delegation of Quang Tri province to organize an investment promotion trip to Korea to promote and attract FDI investment in Quang Tri province. This included successfully organizing an investment promotion workshop to share information and investment opportunities with Korean enterprises, opening up opportunities for cooperation and development, promoting investment cooperation between Korean enterprises and Quang Tri province.

In order to build a complete legal corridor and a series of preferential investment policy mechanisms to realize the goals and policies of calling for and attracting investment, the Provincial People's Committee issued Decision No. 447/QD-UBND on approving the investment attraction orientation project for the period 2023-2025, with a vision to 2030.

In particular, focusing on effectively implementing a number of key tasks such as: enhancing investment attraction capacity, improving the investment and business environment, and improving the provincial competitiveness index to promote domestic and foreign investment attraction.

Focus on attracting investment projects to effectively exploit potentials and advantages for economic development based on three main pillars: industry - construction, agriculture and services - tourism, but prioritize attracting investment in industries and fields based on local comparative advantages such as: energy industry, processing industry, silicate industry, high-tech agriculture, organic agriculture and some service industries with development potential, high added value and competitiveness.

Promote investment attraction in economic zones, industrial parks and industrial clusters; develop urban systems in the province. Select and attract investment in high-quality, high-tech, environmentally friendly projects. At the same time, attract investment, strongly develop logistics services, strive to make Quang Tri a transit point for goods of countries in the region by 2030.

Research and develop Lao Bao Special Economic Zone in association with urban development orientation, cross-border logistics services and trade. Encourage investment in digital technology, digital transformation; high-tech investment projects, automation of production and business processes; telecommunications infrastructure projects...

Chairman of the Provincial People's Committee Vo Van Hung added: "To attract large investors with financial potential and goodwill for Quang Tri, we have proactively "reached out" to them, met, discussed and made responsible commitments, building friendly and effective cooperative relationships.

Therefore, having called for investment in a number of key projects in line with the province's development policies and orientations, the province has taken full advantage of forums to promote and attract investment, such as the conference announcing the planning, which is an opportunity for the province to realize the development goals of the economy, opening up new opportunities for cooperation between Quang Tri province and domestic and foreign investment partners.

Ho Nguyen Kha

Source: https://baoquangtri.vn/mo-ra-co-hoi-lon-cho-dau-tu-vao-quang-tri-186703.htm