Prime Minister (PM) Nguyen Xuan Phuc attended a conference on investment promotion in the central province of Quang Ngai on August 10.
Speaking at the event, the PM stressed the need for the province to intensify its competitiveness in investment promotion.
PM Phuc suggested the locality pitch for investments in tourism and services while paying more attention to human resource development to serve local socio-economic development.
The Government asked the province to continuously revamp its authorities and build a transparent legal framework that ensures both rights and obligations of investors, emphasising that businesses should be put at the centre of development.
However, people’s living and social environment should not be traded for economic growth, he reminded.
PM Phuc suggested Quang Ngai increase dialogues with businesses to addreess their difficulties, provide them with equal treatment, and encourage cooperation between domestic and foreign firms in the start-up spirit.
The PM applauded the locality’s strong resolve to spur socio-economic development amidst regional severe weather conditions, as well as its policies to develop industrial and economic zones, especially the Dung Quat Oil Refinery which makes up to 82 percent of local GDP.
In additiion, the conference introduced Quang Ngai’s potential and strength, along with its incentives for investors in the Dung Quat Economic Zone.
Apart from the 45,000 ha Dung Quat Economic Zone, the 3.8 trillion VND Vietnam-Singapore Industrial Park (VSIP) and other 4 industrial parks in the province are wooing investments, according to the provincial People’s Committee.
The province has attracted an accumulated investment capital of over 3.2 billion USD, of which 2.55 billion USD was poured into the Dung Quat Economic Zone in the past five years.
In the six months of this year, the province set up five new industrial clusters spanning about 73.5 hectares.
Quang Ngai now has 313 valid projects with a total registered capital of nearly 153 trillion VND (6.9 billion USD), of which 39 are foreign direct investment projects valued at more than 4.1 million USD.
With comprehensive policies in investment attraction, and especially an agreement to commit better business and investment environment signed with the Vietnam Chamber of Commerce and Industry, Quang Ngai province has become a venue for investors and a big economic and industrial centre of the central region.
Prime Minister Nguyen Xuan Phuc speaks at the conference.
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PM Phuc suggested the locality pitch for investments in tourism and services while paying more attention to human resource development to serve local socio-economic development.
Illustrative image
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However, people’s living and social environment should not be traded for economic growth, he reminded.
PM Phuc suggested Quang Ngai increase dialogues with businesses to addreess their difficulties, provide them with equal treatment, and encourage cooperation between domestic and foreign firms in the start-up spirit.
The PM applauded the locality’s strong resolve to spur socio-economic development amidst regional severe weather conditions, as well as its policies to develop industrial and economic zones, especially the Dung Quat Oil Refinery which makes up to 82 percent of local GDP.
In additiion, the conference introduced Quang Ngai’s potential and strength, along with its incentives for investors in the Dung Quat Economic Zone.
Apart from the 45,000 ha Dung Quat Economic Zone, the 3.8 trillion VND Vietnam-Singapore Industrial Park (VSIP) and other 4 industrial parks in the province are wooing investments, according to the provincial People’s Committee.
The province has attracted an accumulated investment capital of over 3.2 billion USD, of which 2.55 billion USD was poured into the Dung Quat Economic Zone in the past five years.
In the six months of this year, the province set up five new industrial clusters spanning about 73.5 hectares.
Quang Ngai now has 313 valid projects with a total registered capital of nearly 153 trillion VND (6.9 billion USD), of which 39 are foreign direct investment projects valued at more than 4.1 million USD.
With comprehensive policies in investment attraction, and especially an agreement to commit better business and investment environment signed with the Vietnam Chamber of Commerce and Industry, Quang Ngai province has become a venue for investors and a big economic and industrial centre of the central region.
