The province grasping FDI investment


(QNO) - In the first half of this year, Quang Nam province has continuously attracted the flow of the foreign direct investment (FDI) with many projects started and expanded.

Sedo Vinako Co.ldt in Quang Nam province
Sedo Vinako Co.ldt in Quang Nam province

In January, Sasaki Shoko Vietnam factory (specializing in manufacturing chochin cage net and other types of net serving in aquaculture) was inaugurated in Dien Nam-Dien Ngoc Industrial Park. Also in this park, M&H Vietnam factory was put into operation. Recently, 46 Japanese companies supplying Mazda Automobile Group  with spare parts, production materials have visited Chu Lai for investment promotion. The Nam Hoi An Resort project with the total capital of 4 billion USD was also begun in April,  bringing jobs to about 2,000 employees…

Reportedly, in the last six months, 6 FDI projects have been licensed with the registered total capital of more than 84 million USD. So, there are now 128 valid FDI projects in the province with the total capital of 2.1 billion USD. It is a positive signal of the province’s FDI attraction. According to Byung - Tae Kim, Director of Sedo Vinako from South Korea in Duy Xuyen district specializing in manufacturing all kinds of tents, bags, canvas…, the investment and trading climate in Quang Nam province is still attractive thanks to many supports from the local authorities and management departments. Therefore, his company decides to expand the project in the second phase, giving employment opportunities to 1,500 labourers.  

Many economists confirm that Quang Nam attracts potential investors thanks to the province’s dynamics in mobilizing all resources to create a healthy and competitive investment environment and suitable attraction policies. In a recent interview by a reporter from Quang Nam Newspaper, Vice Chairman of Quang Nam People’s Committee Le Tri Thanh said the province will selectively promote investment by fields to bring a new wind to FDI. Besides, according to Chairman of the provincial People’s Committee Dinh Van Thu, the province is focusing on raising the effect of valid projects, creating favourable conditions for FDI businesses to do well by building infrastructure, improving high quality human resources, reforming economic policies and administrative procedures, creating legal corridor for investors’ operation in the province.