Quang Nam has been developing economic zones with a focus on its eastern part, the driving force for provincial economic growth.
The eastern part of Quang Nam province includes 8 coastal districts and cities located along the Da Nang-Dung Quat Highway and covering more than 100,000 ha, with 125 km of coastline.
The area plays an essential role in the the socio-economic development strategy of Quang Nam where there are 110 investment projects with registered capital of US$2 billion. 70 of them are operational, according to Dinh Van Thu, the provincial People’s Committee Chairman.
Thu noted that “Quang Nam has focused on industry and services. The advantages of each region are fully tapped for development in which the eastern part will mainly develop services to create an investment environment for industrial parks and Chu Lai Open Economic Zone and neighboring areas.”
The plan focuses on several groups of projects including the South Hoi An urban residential and service area; a clean industry and service development linking with Chu Lai airport; a gas-electric project; a fishing port system, and a storm sheltering area. The Chu Lai Open Economic Zone has created a powerful push for the whole central coastal economic region.
Tran Ba Duong, President of the Truong Hai Automobile Company, the most successful investor in Quang Nam, said “Since 2014 we have increased sales and production to meet the requirements set for 2018 when we plan to integrate into ASEAN".
"We have increased the production of components and the locally made ratio by at least 40% to make the most of opportunities to export to the ASEAN market with a tax rate of 0% and compete with other automobile brands from ASEAN in Vietnam.
Since we invested in the Chu Lai Open Economic Zone, the Truong Hai Automobile Company has grown robustly, thanks to support from the Quang Nam administration”, said Mr Duong.
Early last year, the Quang Nam People's Committee allocated 1,500 hectares of the overall development area of 42,000 hectares for investment project attraction.
Tran Xuan Dien, head of the Management Board of Chu Lai Open Economic Zone, said “The operation of Cua Dai Bridge and the coastal road linking Hoi An and Tam Ky City has made tremendous changes for Quang Nam. This year, we will complete connecting Tam Ky and Chu Lai Airport and create additional 2,000 hectares of land for investment projects."
Quang Nam's coastal districts have huge potential because they are near the seaport, airport, and industrial zones of Da Nang City and the Dung Quat Economic Zone of Quang Ngai Province.