Quang Nam economy: ready for challenges

By TUY PHONG |

(QNO) - Quang Nam People’s Committee has just summed up the provincial economic situation in 2015 and given out its plans in 2016

Mô tả ảnh.
Cua Dai bridge- one of Quang Nam’s impressive and breakthrough growth in 2015.

Stable growth

In 2015, Quang Nam Gross Regional Domestic Product (GRDP) increased by 11.56%. The industrial production value increased by 9% compared with last year, mainly in automobile, electronics and computers manufacturing and assembling. Meanwhile, service value was up to 16%. The agricultural, forestry and aquacultural production reached over 11,000 billion VND, up 4.5%. Remarkably, domestic revenue was 8,000 billion VND, an increase of 29% compared to 2014. Besides, the total social investment capital was over 18,630 billion VND mainly for infrastructures, rural economy and society, mountainous regions and reducing poverty.

The flow of FDI continues to be intensified with 157.8 million USD for 10 projects licensed, raising the valid projects to 115 ones with 1.8 billions USD.

Cua Dai bridge- one of Quang Nam’s impressive and breakthrough growth in 2015.
An auto manufacturing and assembling sector.

Plans in 2016

According to  Chairman of Quang Nam People’s Committee Dinh Van Thu, the province’s agenda in 2016 will be based on 5 key programs consisting of administrative reform (investment climate, the provincial Competitiveness Index- PCI, civil services, assignment…), sustainable poverty reduction, new rural development and Eastern region projects, and 3 breakthroughs. Especially, 5 main projects in Eastern region include Chu Lai airport infrastructure,  nitrogen gas power centers, support industries of automobile production, mechanics, garments and textiles, and Southern Hoi An project.

By TUY PHONG