Provincial leaders have granted a decision on investment policy and investment registration certificates for 14 projects totally capitalised at over VND9,000 billion (including five FDI projects) in central Quang Ngai province.
An Investment Promotion Conference was held in the central province of Quang Ngai on October 20 with more than 200 domestic and foreign business representatives in attendance.
In his address, Deputy Prime Minister Trinh Dinh Dung asked the province to better take advantage of the marine-based economy and sea tourism services with a focus on developing the industry, upgrading transport and urban infrastructure, and improving the quality of human resources.
The deputy PM said with Dung Quat Economic Zone , one of the15 maritime economic zones in the country, Quang Ngai needs to fully utilize the fishing ground spread over 11,000 km and a coastline of 130 km to develop the marine-based economy.
Le Viet Chu, secretary of Quang Ngai provincial Party Committee said the province has pledged the best possible conditions for investors to help them alleviate difficulties with a view to revitalising the locality into a safe, friendly, and successful destination.
Quang Ngai has recently made significant improvements in its business environment, with incentive policies in terms of land rental prices and tax exemption and reduction.Quang Ngai has made a point of reforming administrative formalities to reduce time and improve efficiency for investors.
It now has one economic zone, four centralised industrial parks, and 15 industrial clusters-craft villages covering various investment areas and industries.
Leading up to 2020, the province plans to call for more investment into heavy industry, light industry, support industry, logistics services, seaport business, maritime services, infrastructure at IPs, urban areas, tourism and hi-tech agriculture.