“Eastern Quang Nam region will be a “magnet” attracting large investors”

Chairman of the Provincial People's Committee Le Van Dung. Photo: HUU PHUC

* Dear Chairman of the Provincial People's Committee, what driving forces does Quang Nam identify to promote double-digit growth as proposed in the scenario?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

First of all, it is necessary to promote the disbursement of investment capital, both public and private investment, and renew the old growth model. For example, with projects invested by THACO Group, it is necessary to focus on doing a good job of site clearance and quick and simple investment procedures so that by 2025 THACO will invest 3,595 billion VND. This is an old growth model but must be renewed to activate development drivers.

Or like Nam Hoi An Development Company Limited (Hoiana), phase 1 has invested 1.3 billion USD; phase 2 will invest about 1 billion USD. Next, HS Hyosung Group (Korea) invested in Tam Thang Industrial Park (IP) has invested 150 million USD, will invest another 100 million USD. Phuoc Quang Group in Dien Nam - Dien Ngoc IP (Dien Ban) has invested 650 million USD, is continuing to complete the construction of the housing area to invite investors to...

FDI projects and domestic investment projects in 2025 will invest 2 billion USD (about 50 trillion VND) along with 10 trillion VND of public investment, totaling about 60 trillion VND in Quang Nam. Not to mention, products of cooperatives, OCOP, mining industry... will contribute to economic growth in 2025 and lay the foundation for the following years.

THACO Group's automobile manufacturing and assembly business contributes a large amount to the budget, creating economic growth momentum for Quang Nam. Photo: HOANG DAO

* Which strategic projects promise to maintain growth momentum in the coming years?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

Many previous policy mechanisms were bottlenecks, but the Central Government has directed to remove them for Quang Nam. According to Notice No. 40 dated February 12, 2025 of the Government Office on the conclusion of Prime Minister Pham Minh Chinh at the working session with the Standing Committee of the Quang Nam Provincial Party Committee, the Prime Minister agreed in principle to let the province implement socialized investment in Chu Lai airport. Currently, the State is managing 2,000 hectares of clean land, which is very convenient for building urban airport infrastructure, other supporting industries, etc.

Next, the Cua Lo route investment project for 50,000-ton ships to Tam Hiep port (Nui Thanh) associated with the duty-free zone and logistics; total investment of 7,200 billion VND, is undergoing procedures for planning and calling for investment. If these two strategic projects are implemented, Quang Nam promises double-digit growth for the next phase. Even the province's budget revenue will not stop at a few tens of thousands of billion VND but can reach 100 thousand billion VND in the future.

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Quang Nam will renew the old growth engine by continuing to create the most favorable conditions for corporations and enterprises to invest and expand production and business scale. Focus on disbursing public investment capital from the beginning of 2025, taking public investment as the leader, activating social investment, and promoting public-private cooperation.

Chairman of Provincial People's Committee Le Van Dung

In addition, I would like to emphasize that the development space of the Eastern Quang Nam region still has a lot of room. The strip of land along the coast from Cua Dai Bridge (Hoi An) to Cua Lo (Nui Thanh) is a favorable condition to attract investors. In Tam Ky City, urban areas such as Song Dam, urban areas along Nguyen Tat Thanh Street extending to the sea will be formed; high-tech medical complexes, medical complexes combined with resort tourism. In Duy Xuyen, there are businesses researching and investing in a marina project. If we do well in these projects, if we do a good job in the investment environment, administrative procedures and the support of the government, the Eastern region will certainly be like a "magnet" attracting investors.

In the west of the province, there are businesses researching and implementing a 2,000 billion VND livestock project in Que Son area.

Chu Lai Airport is planned to become a 4F international airport. Photo: HUU PHUC

* When has the attraction of social investment in Chu Lai airport shown any signs of success, Mr. Chairman of the Provincial People's Committee?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

With the Chu Lai airport project, the opportunity to attract investment is huge. The reason is that the mechanism is very favorable, there are no more barriers because in two working sessions with the Standing Committee of the Quang Nam Provincial Party Committee, Prime Minister Pham Minh Chinh highly agreed on the policy of socializing investment in this project. In addition, central ministries and branches (Ministry of National Defense, Ministry of Transport, Ministry of Finance) strongly support the province in implementing legal procedures related to investment in upgrading and expanding Chu Lai airport. Specifically, the Ministry of National Defense worked with the province three times to demarcate the boundaries of defense and civilian land, handing it over to the province for implementation.

In the period of 2021 - 2030, Chu Lai airport is planned to become a 4F international airport - the highest level in the hierarchy of the International Civil Aviation Organization. The airport is designed to receive 10 million passengers/year. Many large corporations have come to explore investment promotion. As previously, Vin Group has researched, recently there is SOVICO Group. This group connects with India's Adani Group wishing to invest in Chu Lai airport.

Quang Nam's industrial development space to the east still has a lot of potential. IN PHOTO: Vo Chi Cong Street through Thang Binh district. Photo: HO QUAN

* What tasks need to be focused on to attract strategic investment projects, sir?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

In the task groups, the number 1 priority is still to focus on site clearance to create clean land to attract investment, especially strategic projects approved by the Prime Minister.

Experience shows that the disbursement rate in the first 6 months of 2024 was very low, but in the last 6 months of the year, the disbursement rate has increased significantly. In order to do a good job of directing and operating, the Provincial People's Committee has established 5 working groups focusing on disbursing public investment capital and site clearance. From these 5 working groups, focus on directing each key project specifically. Regarding the procedures and documents, they must be resolved urgently and decisively, especially I have directed with the "7-day" process. When departments, branches and localities receive the documents, the working group requests comments, within 7 days the relevant departments must respond, speed up the bidding procedures and construction progress of the project.

The Provincial People's Committee has directed the pilot site clearance of the 450ha Tam Anh Nam Industrial Park Project and the 650ha Nam Thang Binh Industrial Park Project to create clean land funds and attract large investors. I affirm that site clearance is the most important and decisive factor. Therefore, it is necessary to prepare resettlement land for the people in advance, build prices, publicly list, publicize and make the project transparent...

Thank you Chairman of the Provincial People's Committee!

Source: https://baoquangnam.vn/chu-tich-ubnd-tinh-le-van-dung-vung-dong-quang-nam-se-la-thoi-nam-slowly-thu-attract-cac-nha-dau-tu-lon-3151194.html