Investors pledge to pour nearly US$16 bln in Quang Nam

VGP – Quang Nam authorities granted investment decisions and certificates to 33 projects with total registered capital of US$15.8 billion at a conference on investment conference held on Sunday with the participation of PM Nguyen Xuan Phuc.

March 26, 2017 4:59 PM GMT+7

PM Nguyen Xuan Phuc speaks at the conference on promoting investment into Quang Nam Province on Sunday. Photo: VGP

Last year, the locality lured 30 projects, sending the total number of valid projects to 135 with combined capital of nearly US$2 billion.

Speaking at the conference, PM Phuc highlighted advantages of the province, especially transport connectivity with Da Nang, great forestry and tourism potentials.

Thanks to local people’s will to turn this sandy soil into a prosperous land, Quang Nam is now one of the 20 biggest local-level economies with rising gross domestic product, ranking 10^th among provinces and cities with highest budget revenues.

The income per capita reached over VND 53 million, above the national average, said PM Phuc.

The Government chief also hailed the province’s efforts in improving investment environment in favor of businesses, including Truong Hai Corporation-one of the country’s biggest private companies.

He urged the local authorities to continue focusing on developing such sectors like forestry processing, tourism, information technology, organic agriculture and precision mechanics./.

By Kim Anh