Quang Nam’s six-sector plan for 2025 soars

The central province of Quang Nam has set a target for the provincial GDP in 2025 to be 46 per cent generated by industry and construction and 47.5 per cent generated by services. To achieve the target, local authorities have made a detailed plan, spread over six targeted sectors.

The Hoiana project is at the core of Quang Nam’s urban development emphasis

The plan is based on Quang Nam’s study on the coastal backbone route stretching from Cua Dai Bridge in Hoi An to Chu Lai Open Economic Zone in Nui Thanh district.

According to Le Tri Thanh, Vice Chairman of the Quang Nam People’s Committee, the plan has been thoroughly prepared, with key projects clearly indicated. Various sectors on the rise are mentioned, including the automobile industry, gas-to-power generation, the tourism and service sector, textile and garments, social welfare and living standard improvement for coastal people, and marine safety.

In terms of urban and service development, the Hoiana project will be the core, with direct influence over the four communes of Duy Nghia, Duy Hai, Binh Minh, and Binh Duong in Duy Xuyen and Thang Binh districts.

In order to boost the automobile industry and supporting industries, Truong Hai Auto Corporation is expected to be the key driving force. It has so far had positive spillover effects on the local industry, helping Quang Nam to become the automobile hub of the country.

Textile and related supporting industries will be invested in line with the urban development of Tam Ky.

Do Xuan Dien, director of the Chu Lai Open Economic Zone  Management Authority, has said that these industries need to enhance their international competitiveness, starting with Tam Thang Industrial Zone (IZ). Already, Tam Thang IZ has welcomed South Korea’s Panko to build a textile and garment facility there.

Industry and service sectors will be developed in line with Chu Lai International Airport, which is set to become a transit hub for Southeast Asia. The Chu Lai International Airport expansion has so far drawn the attention of big investors like Vietjet and Thien Tan Group.

Key projects of gas-to-power and a new treatment plant for natural gas extracted from the Blue Whale gas field are being developed on a total area of 1,000 hectares by state-run PetroVietnam Exploration Production Corporation (PVEP) and US firm ExxonMobil.

Last but not least, projects to upgrade fishing ports and anchorage areas in the south-east of the province also need promotion in order to bring more job opportunities and anchor shelters in place for the coastal people of Quang Nam and surrounding localities.

Dinh Van Thu, Chairman of the Quang Nam People’s Committee, said that these six targeted sectors have been identified based on the existing potential and advantages of the province in terms of its location, infrastructure, and policies to attract investment. These concentrations also reflect the development policies of Chu Lai Open Economic Zone, which have been approved by the Vietnamese government.

Most importantly, Chu Lai Open Economic Zone has been home to key projects which play an important role in the development of the central region, including the Hoiana project; Everland; Tam Thang IZ in Tam Ky; the project to develop the automobile industry and  supporting industries at Tam Hiep and Tam Anh in Nui Thanh district; and the project to construct a gas treatment plant and a gas-fired power plant in Tam Quang of Nui Thanh district.

According to Dien, with these key sectors, Quang Nam will have a great chance to create more jobs for local workers and diversify various types of services. The blueprint will also provide an opportunity to lure  investors.

Dien added that to create more room for the development to the east of Quang Nam and Chu Lai Open Economic Zone, the Quang Nam People’s Committee has adjusted its master plan to allocate 1,500ha for future growth. This increases the province’s total area for development space to 45,000ha, including Chu Lai Open Economic Zone and  residential developments along 25 coastal communes, wards, and towns.

Thus, in order to successfully implement these key projects, local authorities and the Chu Lai Open Economic Zone Management Authority will strengthen the management as well as prioritise site clearance to allocate a land fund for investment attraction. In addition, local authorities also pledged to

effectively support investors in administrative procedures. Meanwhile, investment funds for infrastructure development will be diversified.