Quang Ngai (VNA) – The central province of QuangNgai should specify its strong sectors and products so as to devise anappropriate investment attraction strategy, Deputy Prime Minister Trinh DinhDung said at the province’s investment promotion conference on October 20.

Quang Ngai attracted more than 88 investmentprojects with total registered capital of over 74 trillion VND (3.25 billionUSD) between January and October this year. Six of the projects are foreigndirect investments (FDI) worth 275 million USD. The 10-month project numberrose by 37 while total investment capital surged 11 times from 2016.

Provincial authorities reported that to achievethat outcome, they have created the best possible conditions for investors byissuing numerous preferential mechanisms and policies such as those relevant toland rental, site clearance, infrastructure, manpower training, andadministrative procedures.

Local officials said the province is situated ina strategic location which is part of the key central economic region. Itboasts a synchronous infrastructure system, including Dung Quat deep-waterseaport – an important gateway for import and export activities that is able tohandle 100,000-tonne vessels.

Meanwhile, the Dung Quat Economic Zone, coveringmore than 45,000ha, is one of the five coastal economic zones receiving theGovernment’s prioritized treatment.

The province has also established many otherindustrial parks, industrial clusters and craft villages with infrastructuremeeting investors’ demand, according to Quang Ngai authorities.

Speaking at the conference, Deputy PM Trinh DinhDung applauded the province’s efforts and achievements in socio-economic developmentand investment attraction.

He noted certain difficulties facing Quang Ngaibut also recognised its advantages and potential. He told provincialauthorities to draw investment into the processing and manufacturingindustries, particularly support, oil refinery and chemistry, metallurgy andenergy sectors.

Quang Ngai should develop sea-based economicactivities, especially marine transportation, seaport services, sea and islandtourism, and fisheries. It is also necessary to develop hi-tech agriculture anddevelop farm-to-table chains for farm produce, Dung added.

The Deputy PM also underlined the need toenhance Quang Ngai’s connectivity with nearby localities, especially Da Nangcity, to devise development directions and policies for each locality as wellas the central region. By doing so, investors in Quang Ngai will benefit fromadvantages of not only this province but also the whole region.

He asked for more efforts to developinfrastructure and human resources, step up science-technology application,enhance administrative reforms, and encourage start-ups.

Deputy PM Dung also called on investors to adoptlong-term business strategies and adhere to their commitments while investingin Quang Ngai. They should live up to their corporate environmental and socialresponsibility to ensure sustainable development.

At the conference, the provincial People’sCommittee presented investment decisions for 14 projects, including a dairy cowfarm, a trade and supermarket centre, a hi-tech organic agricultural chain, anda gas liquefaction plant.-VNA