Quang Tri - A bright spot in attracting investment

Improve investment environment

In 2024, the province has synchronously implemented many solutions and issued drastic directives to improve the business investment environment, support business development, demonstrating high determination in creating a favorable and competitive business ecosystem. Accordingly, the Provincial People's Committee has issued a series of important documents, specifying the policies of the Government and the Provincial Party Committee on administrative reform and improving competitiveness.

A corner of Cua Viet today - Photo: TT

Typical examples are Decision No. 410/QD-UBND on the Action Plan to implement Resolution 02 of the Government, Directive No. 35-CT/TU of the Provincial Party Standing Committee on strengthening leadership in administrative reform, and Decision No. 64/QD-UBND implementing Resolution 01 of the Government.

Proactively develop and implement action programs to concretize important resolutions of the Central and Provincial Party Committees on socio-economic development, ensuring national defense and security in the North Central and Central Coast regions, as well as policies to support businesses in adapting, recovering and developing sustainably.

In particular, the implementation of the 2024 Special Topic with the theme "Quang Tri: Resolutely improve PCI, develop the economy" shows the province's initiative and determination in improving provincial competitiveness. The Provincial People's Committee has assigned tasks and allocated funds to support small and medium enterprises to relevant departments and branches, and organized steering committee meetings to assess the situation and propose specific solutions to improve the PAR Index, SIPAS, PAPI, and PCI.

A bright spot in the province’s efforts to improve the investment environment is the promotion of the application of information technology in handling administrative procedures. To date, 100% of agencies and units in the province have received and processed records on the centralized and unified administrative procedure handling information system, contributing to the transparency of the process and reducing time and costs for businesses and people.

Bright spots in key areas

Currently, many investors, including large, prestigious corporations and companies in the country, the region and the world, have come to survey, work and learn about investment opportunities in Quang Tri province. A typical example is Hoa Phat Group Joint Stock Company, exchanging, learning to research and propose investment projects in the Southeast Quang Tri Economic Zone (EZ).

Central Group Vietnam and Dong Duong Real Estate Investment and Trading Joint Stock Company came to explore investment in building a commercial center in Dong Ha City; ENI Vietnam Energy Company discussed cooperation opportunities with Quang Tri province in developing gas energy projects in the Southeast Quang Tri Economic Zone.

Infrastructure and Transport Construction Investment Joint Stock Company agreed on the location to conduct the survey and prepare documents to request additional planning for the Intracom-Quang Tri Offshore Wind Power Plant Project (total project investment of about 72,000 billion VND)...

In 2024, the province received a total of 441 dossiers related to the issuance of new investment projects, adjustment of investment projects, capital contribution, share purchase and project termination. According to statistics, 53 projects were approved for investment policy or granted investment registration certificates with a total capital of up to VND 14,370.85 billion.

These projects focus on many different fields, showing the diversity in attracting investment in the province. Some typical projects licensed in 2024 include: Project to build a conveyor system to transport coal from Laos to Vietnam on the Vietnamese territory with an investment capital of VND 1,489.3 billion, contributing to enhancing the logistics capacity of the region; RAS high-tech shrimp farming project with a capital of VND 883.5 billion, opening up a direction for developing high-tech agriculture.

The Energy Pellet Factory Project (VND 465 billion) and the KIDOS Animal Feed Factory Project (VND 350 billion) contribute to the development of the processing and agricultural industries.

Trucks carrying coal from Laos to Vietnam through La Lay International Border Gate - Photo: TT

The foreign direct investment (FDI) sector also recorded positive signals. In 2024, the province granted new investment registration certificates to 2 FDI projects with a total registered capital of 2.633 million USD. In addition, there were 5 applications meeting the conditions for purchasing capital contributions with a value of 2,186.9 billion VND, showing the interest of foreign investors in expanding operations in the province.

Up to now, Quang Tri province has 28 FDI projects in operation with a total investment of 2,789.032 million USD. Of these, 18 projects are implemented outside industrial parks and economic zones with a total investment of 2,614.664 million USD, 10 projects are implemented in industrial parks and economic zones with a total investment of 174.368 million USD. Currently, 22 projects have come into operation, creating regular jobs for more than 2,000 workers, 6 projects are in the construction investment phase with a total investment of up to 2,453.611 million USD.

Some typical FDI projects being implemented include: Hai Lang LNG Power Center Project in Quang Tri Province - Phase 1 with a total investment of 2.317 billion USD with the participation of Vietnamese and Korean investors, promising to create a large source of energy and contribute to national energy security. Quang Tri Industrial Park Project of the Vietnam-Singapore joint venture, Amata Bien Hoa and Sumitomo Corporation with an investment capital of 88.26 million USD is expected to attract more secondary investors to the province.

Continue to create an attractive investment environment

The results achieved in 2024 are a positive signal, showing that Quang Tri is on the right track in its investment attraction strategy. However, the province identifies this as just the beginning and will continue to make efforts to improve the investment environment, enhance competitiveness, and provide maximum support to investors.

In 2025, Quang Tri province clearly identifies key areas and projects to focus on attracting investment with the goal of maximizing the potential and advantages of the locality, while focusing on attracting high-quality FDI capital.

Accordingly, the province prioritizes investment in building infrastructure for economic zones and industrial parks, creating a solid foundation for production and business activities. The electricity-energy industry, including solar power, wind power and gas power, continues to be considered a spearhead, along with light industry producing export goods and supporting industry.

Quang Tri province has clearly identified key areas and projects to focus on attracting investment, with the goal of maximizing the local potential and advantages, while focusing on attracting high-quality foreign direct investment (FDI).

Prioritize investment in building infrastructure for economic zones and industrial parks, creating a solid foundation for production and business activities. The electricity-energy industry, including solar power, wind power and gas power, continues to be considered a spearhead, along with light industry producing export goods and supporting industry.

The province also pays special attention to attracting projects in the production of construction materials, interior and exterior decoration materials, civil goods, consumer goods and exports; processing of agricultural, forestry and seafood products, packaging, plastics, textiles and garments. The fields of tourism, services, agriculture and marine economic development, high-tech agriculture, urban development, residential areas, social housing, healthcare and education are also on the list of priority investment attraction of the province in 2025.

With proactive efforts in improving the investment environment, effectively exploiting the specific advantages of the locality and strengthening international cooperation, Quang Tri is gradually affirming its position on the investment attraction map. This not only creates a strong driving force for economic development but also contributes to the comprehensive and sustainable development of the province in the coming years.

Thanh Truc

Source: https://baoquangtri.vn/quang-tri-diem-sang-ve-thu-hut-dau-tu-193366.htm