Chu Lai: A new path expected

Tuesday, december 18, 2018 10:37

(QNO) - At the announcement of the planning adjustment of the Chu Lai Open Economic Zone (OEZ), some important contents have been discussed such as promoting the local potential and comparative advantages, thoroughly using the local invested infrastructure to become a multi-sector sea economic zone.

Standing Vice Chairman of the Quang Nam People’s Committee Huynh Khanh Toan receives the decision on adjusting the planning of the Chu Lai OEZ
Standing Vice Chairman of the Quang Nam People’s Committee Huynh Khanh Toan receives the decision on adjusting the planning of the Chu Lai OEZ

Present at the ceremony were Prime Minister Nguyen Xuan Phuc, Vice President Dang Thi Ngoc Thinh, Former President Truong Tan Sang, leaders of central and provincial services.

Making breakthroughs

After 15 years of establishment, the Chu Lai OEZ has had some certain achievements. There are now 158 projects licensed here with a total registered capital of VND 94 trillion (equivalent to over USD4.5 billion). 43 of them are FDI projects with over USD1.3 billion, and 115 domestic projects with more than VND 66.7 trillion. 111 projects have been put into operation, providing jobs for nearly 26,000 labourers, accounting for 75% of Quang Nam budget. THACO is the pioneer enterprise to invest in the Chu Lai OEZ and they are really successful. So, it is still the first choice when investors come to Quang Nam.
The Chu Lai OEZ’s infrastructure has been synchronized. Its functional areas have been completed. Its occupancy rate is 80%. Several new urban areas have been built here. However, it is necessary to be changed to create breakthroughs and foster the development corresponding to its potential and advantages.

Development strategy

Chu Lai will become an urban area, an industrial hub of automobile, automobile supporting, aviation, gas- power and petrochemistry, textile and garment, and hi-tech. Besides, there will also be a hi-tech agricultural center, a center for tourism and services in order to utilize Chu Lai airport and Chu Lai - Ky Ha sea port system thoroughly.

Its administrative boundaries, population, development orientation of economic, technical and urban infrastructure, assessment of strategic environment, and orientation of investment projects are the main focuses. According to Mr. Huynh Khanh Toan, Quang Nam will carry out the planning project effectively. At the same time, Quang Nam will also call for domestic and foreign investment, speeding up the local socio-economic development.

The planning adjustment is just the beginning, helping the Chu Lai OEZ be more attractive to investors and become a national key economic zone. There is still a very difficult journey ahead.

Prime Minister Nguyen Xuan Phuc asked the Ministry of Industry and Trade, Ministry of Finance to put forward tax exemption policies for domestic automobile products and imported materials.

Quang Nam will stimulate internal resources, speeding up the local economic development, improving the investment environment, attracting other resources for development, and reforming administrative procedures. Besides, Ky Ha - Chu Lai sea port and Chu Lai international airport will also be upgraded.  The industrial structure will be transferred to high-tech application in order to increase the competitiveness of products on the market. Adjusting the planning aims to build the Chu Lai OEZ to fit the national development strategies. It helps to set up a multi-sector economic zone. At the same time, the adjustment will facilitate THACO’s development. 

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