A new chance for Chu Lai

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(QNO) - The project of planning adjustment to the Chu Lai Open Economic Zone (OEZ, Quang Nam province) in its development space and as a free-tax zone has just agreed by the Government of Vietnam. The action will bring a new chance to Chu Lai.

Busy atmosphere in Chu Lai port
Busy atmosphere in Chu Lai port

At the beginning of August, the project of  171m Chu Lai port expansion upstream, up to a total of 500m long port has been completed and put into operation by Truong Hai Auto Corporation (THACO). The port is capable of receiving three vessels of 20,000 tons at the same time, contributing to direct transportation from Chu Lai to Incheon (South Korea), Osaka (Japan) and other places in the world, shortening export and import time, reducing expenditure, improving the competitiveness of businesses using Chu Lai port. According to THACO, in the first 6 months of this year, Chu Lai-Truong Hai port received 150 arrivals of vessels, performing the towage of nearly 200 vessels, loading and unloading 23,000 TEU containers and 140,000 tons of goods.

The Chu Lai OEZ is an illustration of Quang Nam development with many products penetrating regional markets such as auto spare parts, electronics, glass, helping the province to take part in the global value chain. At  the end of July, about 86 projects with a total of over 1,440 million USD operated in Chu Lai, contributing to 75% provincial budget. By 2020, the Mazda and Hyundai auto manufacturing and assembly plants, a part of extended Tam Thang Industrial  Zone, extended Chu Lai-Truong Hai Industrial Zone, Tam Anh Industrial Zone, auto mechanism and industry and central gas and electricity centers, hi-tech park will be put into operation.

The planning adjustment to the Chu Lai OEZ make people think about a new day in Chu Lai. Especially, a 1,012 free-tax zone of the Chu Lai OEZ in Tam Quang commune and a part of Tam Nghia commune linking to Chu Lai airport hopefully brings the breakthroughs to Chu Lai, speeding up the central region’s economic growth.