The participation of businesses and entrepreneurs, especially foreign businesses, is one of the important factors for Quang Ngai to achieve its socio-economic development goals in the future.
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| VSIP Quang Ngai Industrial Park. (Photo: Hai Phong) |
Destination for investors around the world
At the Quang Ngai Conference to meet and contact businesses in Ho Chi Minh City held in early October 2024, Mr. Zhang Zhengze, General Director of Techlink Pets Vietnam Co., Ltd. said that after investing in Binh Duong, the company continued to choose Quang Ngai as the next investment destination in Vietnam. Because this place owns VSIP Industrial Park with services beyond the expectations of investors.
Mr. Zhang Zhengze expressed: “In addition, Quang Ngai also supports investors with quick procedures. With the support of provincial agencies, the company's projects were completed after 227 days - beyond our expectations. We are currently preparing procedures to expand the factory in Quang Ngai.”
Meanwhile, Mr. Michael Chiu, Chairman of the Hong Kong (China) Business Association in Vietnam, affirmed that Quang Ngai has the potential to become an investment destination not only for investors in Hong Kong but also for all other investors in the world.
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| Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Nguyen Hoang Giang discussed with investors on the sidelines of the Quang Ngai Conference to meet and contact businesses in Ho Chi Minh City. |
Data from the Department of Planning and Investment of Quang Ngai province has proven that. As of October 2024, Quang Ngai has a total of 73 valid foreign direct investment (FDI) projects, with a total investment capital of more than 2,335 million USD. These 73 projects come from 14 countries and territories such as: Korea, Japan, China, Taiwan (China), Austria, Hong Kong (China), Singapore, Philippines, Malaysia, UK, USA, Germany, Belgium, Thailand. Of which, Doosan Heavy Industries Vietnam Co., Ltd. (Korea) is the FDI project with the highest investment capital of 315 million USD.
Why do these investors “favor” Quang Ngai so much? The coastal land located in the South Central Coast region has great potential for developing the marine economy, especially heavy industries associated with the Dung Quat deep-water seaport.
This place is also endowed by nature with many famous landscapes and landscapes with unique topography and geology, a land with a rich culture and history that still exists today through a system of relics, cultural heritage, festivals, and very unique architecture. This is a valuable resource for developing Quang Ngai tourism in the direction of taking sea and island tourism as the spearhead, cultural tourism as the focus and eco-tourism as the foundation for sustainable tourism development.
| "Quang Ngai always considers the success and development of enterprises as the success and development of the province, the interests of enterprises are the interests of the province and our potential is your opportunity" - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairwoman of the People's Council of Quang Ngai province Bui Thi Quynh Van emphasized at the Conference "Introducing Quang Ngai" in Hanoi. |
Quang Ngai is also a locality with a very dynamically developing economy, with the synchronous development of sectors from marine economy, tourism, industry, services, agriculture - forestry - fishery... In recent times, this locality has continuously reformed administrative procedures, improved the investment environment, promoted internal resources, made efforts to attract investment for socio-economic development and has risen to be in the top 20 provinces and centrally-run cities with the largest economic scale in the country.
In addition, with abundant development space, the correct orientation of the provincial leaders has been creating momentum and resources for the new development period of Quang Ngai. This is a place where many great potentials converge for dynamic and breakthrough development in the coming time.
Ready for new investment wave
According to the Quang Ngai Provincial Planning to 2030, with a vision to 2050, Quang Ngai develops based on the harmony between 3 pillars: Economy - Society - Environment; prioritizes attracting domestic and foreign enterprises and investors to research and invest in areas where the province has potential, advantages, spillover, connectivity, high added value, in accordance with the provincial planning and the local socio-economic development situation in each period.
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Doosan Heavy Industries Vietnam Co., Ltd. (Korea) is the FDI project with the highest investment capital of 315 million USD. |
Currently, Quang Ngai prioritizes calling for investment in the province in the period of 2024 - 2025 with 34 projects, in the fields such as: Healthcare, services, tourism, environment, urban infrastructure, services, trade, industrial park infrastructure, industrial clusters, petrochemical, chemical and petroleum products production industry, semiconductor industry; textile and garment manufacturing industry, food and beverage processing and manufacturing; mechanical engineering, electronics, supporting industry, logistics...
Quang Ngai continues to focus on selectively attracting and improving the quality of businesses investing in the province with potential and strong brands, focusing on attracting projects that the province has strong spillover effects to promote the province's socio-economic development strongly and sustainably in the coming period.
To welcome new investment flows, the province is applying investment incentive policies according to the general policy framework on incentives and support of the Government, in accordance with the provisions of Vietnam's investment law; in addition, the province also has a number of incentives in the fields of rural agriculture and socialization.
For example: Land rent exemption for up to 25 years for socialized projects in urban areas; land rent exemption for life for socialized projects outside urban areas. Regarding agricultural support policies, the province will support the construction of waste treatment infrastructure, transportation, electricity, water, factories and purchase of equipment within the project fence, environmental treatment, this support level is up to 60% of the investment cost.
In addition, Quang Ngai province focuses on supporting businesses and investors in infrastructure connection, supporting human resource supply, supporting administrative procedures... committed to accompanying businesses to access and implement projects smoothly, promptly resolving difficulties and problems in the implementation process of investors, creating the most favorable environment, bringing satisfaction to businesses and investors when investing in the province.
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| Overview of Dung Quat Oil Refinery. (Photo: Ha Vi) |
Strengthening on-site investment promotion; always accompanying and supporting investors who have invested and are investing, considering investment support as an effective form of investment promotion in the current period. In addition to focusing on attracting projects from traditional countries such as Japan, Korea, Singapore, Thailand, China, the Province also focuses on promoting promotion activities to attract investment from economies belonging to the Asia-Pacific Economic Cooperation Forum (APEC) and the Group of 20 leading developed and emerging economies in the world.
Quang Ngai aims to become a fairly developed province in the country by 2030, focusing on developing digital economy, green economy and circular economy; gradually forming green industry, high-tech industry in industrial parks and concentrated industrial clusters; building a brand for high-quality services, with a focus on tourism...
The participation of businesses, entrepreneurs, especially foreign businesses, is one of the important factors for Quang Ngai to achieve the above goal.
Quang Ngai is always committed to creating the most favorable conditions for investors through investment, infrastructure improvement, administrative reform, simplification of investment procedures and improvement of human resource quality. At the same time, it is ready to listen to investors' opinions and wishes, to make appropriate adjustments to attract more and more investment resources.
Source: https://baoquocte.vn/quang-ngai-mo-rong-bau-troi-thu-hut-dau-tu-moi-293457.html
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