Quang Nam approves projects worth over $800 million

March 19, 2024 | 10:50

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The central province of Quang Nam has issued approval to developers of 16 projects worth over $809 million in total.

On March 16, Quang Nam People’s Committee held a conference to announce the province's plans for the rest of this decade.

Quang Nam approves projects worth over $800 million

The province awarded investment registration certificates to seven projects by Truong Hai Auto Corporation (THACO), including factories for mechanical electrical refrigeration, car wire harnesses, vehicle glass, auto body parts factory, and car interiors. It also gave the go-ahead for a THACO Industries research and development centre worth more than $12 million.

Quang Nam also granted approval for the expansion and upgrade of Chu Lai wharf inside the Tam Hiep port complex, worth over $63 million. It will be funded by Truong Hai International Logistics.

At the conference, Germany's Karcher Beteiligungs received a registration certificate to build a $20.2 million cleaning equipment factory, while China's Uc Thinh Vietnam Technical Development will develop a $34.5 million super white float glass factory. South Korea's Star Group will also invest $77.7 million in a magnetic magnet initiative.

Certifications were also handed out to Guoguang Electric Co., Ltd. for an audio equipment manufacturing project, US-based PMG Solid for a solid plastic and metal products factory, and China’s Yangzhou Soleseat Smart Seat Co., Ltd. for manufacturing videogame chairs and car seats.

Quang Nam People's Committee also granted agreements on studying investment locations to two investors. Bin Corporation will invest $277 million in the infrastructure of Nam Thang Binh Industrial Park, while WHA Industrial Development will invest in Western Industrial Park in Thang Binh district at a cost of over $141.5 million.

Quang Nam set for car industry upgrade

Quang Nam province will raise the quality of its automobile industry and mechanical manufacturing to become an important field for the development of the province, according to its official planning.

Quang Nam seeking logistics centre status for the region

A relatively modern and synchronous infrastructure system will play an important role in attracting investors to develop logistics services in Quang Nam province.

Quang Nam pursuing wider green growth strategy

By hosting National Biodiversity Restoration Year for the first time, Quang Nam province wishes to practice its green growth strategy for inclusive and sustainable development.

By Vy Bui

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