Quang Ngai: Improving to attract investment for industrial parks

Removing obstacles

According to the report of the Department of Industry and Trade, in the eastern area of Quang Ngai province, before the reorganization, there were 10 district-level investment project management boards assigned to be the investors of infrastructure for 18 industrial clusters (ICs) from the state budget.

After the merger, 6 district-level construction investment project management boards (investing in infrastructure of 13 industrial parks) were transferred to the provincial civil and industrial construction investment project management board; 4 district-level construction investment project management boards (investing in infrastructure of 5 industrial parks) were transferred to the provincial traffic construction investment project management board (these management boards were renamed to regional construction investment project management boards).

*Quang Ngai province is reorganizing and perfecting its infrastructure, resolving remaining problems to attract investment in the province's economic zones and industrial clusters.*

In the western area of Quang Ngai province, before the reorganization, there were 7 district-level construction investment project management boards assigned to be the infrastructure investors of 13 industrial parks. After the reorganization, the 7 management boards were reorganized into 7 commune-level construction investment project management boards/project management boards and public services (public service units directly under the People's Committees of communes) to continue performing the task of technical infrastructure investors of 13 industrial parks.

However, currently, 6/13 industrial parks still have overlaps between state management agencies and infrastructure investors, causing difficulties in project management and implementation.

Vice Chairman of Quang Ngai Provincial People's Committee Tran Phuoc Hien said that it is necessary to resolve these problems to ensure the completion of infrastructure and attract investment. He suggested that localities directly assign land to the two provincial project management boards for unfinished infrastructure projects, and promptly assign land to investors whose investment policies have been approved by the Provincial People's Committee. At the same time, he requested the Department of Industry and Trade to coordinate with the Department of Finance and localities to complete legal procedures so that the projects can be implemented on schedule.

For industrial parks located in many communes, the Department of Industry and Trade is assigned to work with the locality to unify a management unit, before consulting the Provincial People's Committee for decision.

Mr. Hien also emphasized that in attracting investors to industrial parks, localities need to coordinate with the Department of Industry and Trade, the Department of Agriculture and Environment, and the Department of Finance to select suitable investors. In particular, environmental protection factors must be carefully considered and given top priority.

*In 2025, at Dung Quat Economic Zone, economic indicators are estimated to increase compared to the same period in 2024 and exceed the plan.*

Investment capital flows break through, far exceeding the 2025 plan

In fact, over the past year, economic zones and industrial parks in Quang Ngai province have recorded many large-scale projects being implemented such as the Dung Quat Oil Refinery Upgrade and Expansion Project; Hoa Phat 1 and 2 Iron and Steel Production Complex; VSIP II Quang Ngai Industrial Park; Hoa Phat Dung Quat Railway Rail and Special Steel Production Project...

Along with continued investment in seaport infrastructure, electricity and water, these projects contribute significantly to ensuring energy security and developing the foundation industry of Quang Ngai province.

According to the Dung Quat Economic Zone Management Board, since the beginning of the year, it has issued decisions approving investment policies and investors for 14 projects with a total registered capital of more than VND 12,843 billion. At the same time, 16 projects have been adjusted to increase capital with a total increase of about VND 7,890 billion. The total newly registered and increased capital reached VND 20,733 billion, equal to 279.5% of the plan and an increase of 472% over the same period in 2024.

The entire zone currently has 449 valid projects with a total registered capital of about 19.23 billion USD. Of these, 347 projects have come into production and business operation, creating jobs for more than 80,000 workers, contributing significantly to the growth of industry and related service sectors.

Mr. Luong Kim Son, Director of Dung Quat Economic Zone Management Board, said that in 2025, the production and business activities of enterprises are quite stable, the estimated economic indicators all increased compared to the same period in 2024 and exceeded the plan. The processing, metallurgical and petrochemical industries continue to be the pillars. Trade and services flourished thanks to domestic demand and strong recovery from the industrial sector.

“By 2026, the Management Board aims to attract about 2.3 billion USD in investment ; collect about 28,000 billion VND in state budget from enterprises ; collect 394 billion VND in budget through Bo Y border gate; and create 3,000 new jobs,” said Mr. Son.

*Identifying industry as a strength, Quang Ngai is completing infrastructure to attract investment in key projects.*

Vice Chairman of Quang Ngai Provincial People's Committee Do Tam Hien emphasized that these results have contributed significantly to improving the province's investment environment, and at the same time, he expected that Dung Quat Economic Zone Management Board will continue to create stronger changes in attracting and managing investment in the coming years.

At the same time, it is noted that the Management Board needs to closely coordinate with departments, branches and localities to handle difficulties; strictly implement inspection and examination conclusions; and promptly report arising difficulties.

In addition, the Management Board needs to coordinate with the Department of Finance and the Department of Construction to develop a priority order for tasks related to reviewing, adjusting and supplementing the planning. Thereby, advising the Provincial People's Committee to consider and decide on the contents under its authority.

Mr. Hien also assigned the Department of Agriculture and Environment to study a separate compensation mechanism for Dung Quat Economic Zone. Review the progress of land use of projects; propose revocation in cases of slow implementation to avoid wasting land resources.

Comment (0)