(QNO) The number of businesses and investment projects has increased in Quang Nam province through the local authorities’ dialogues, administrative procedure reform and improvement of investment climate.
|Quang Nam Investment Promotion Conference in 2017|
There were 1,260 newly-established enterprises in Quang Nam in 2017. The province also attracted 87 investment projects. In the first two months of this year, 245 businesses were built (up 0.8% against the same period of 2017) with the total investment capital of 981 billion VND. 4 FDI (foreign direct investment) projects and 8 domestic investment projects were licensed with the total investment capitals of 12.4 billion USD and 726.6 billion VND, up 1.4% and 74% respectively in comparison with the same period last year.
These numbers show attractive investment opportunities and climate in Quang Nam. According to Vice Chairman of the Quang Nam People’s Committee Le Tri Thanh, all the investment procedures are resolved by the one-stop-shop mechanism, shortening the investors’ time, procedure and fee. Mr. Ryu Hang Ha, Chairman of the Korea Chamber of Business in Vietnam (KorCham) stated many South Korean businesses chose Quang Nam because they believed in Quang Nam’s policies on investment attraction.
However, Vice Chairman Thanh said investment environment and competitive capacity need to be improved for the local success in the future.