"The eastern region of Quang Nam will be a 'magnet' attracting major investors."

Chairman of the Provincial People's Committee Le Van Dung. Photo: Huu Phuc

* Mr. Chairman of the Provincial People's Committee, what are the key drivers that Quang Nam province has identified to drive double-digit growth as outlined in the plan?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

First and foremost, we need to accelerate the disbursement of investment capital, both public and private, and revitalize the old growth model. For example, with projects invested in by THACO Group, we need to focus on improving land clearance and streamlining investment procedures so that THACO can invest 3,595 billion VND in 2025. This is an old growth model, but it must be reformed to activate new drivers of development.

For example, Nam Hoi An Development Company Limited (Hoiana) has invested $1.3 billion in phase 1; phase 2 will involve an investment of approximately $1 billion. Furthermore, HS Hyosung Group (South Korea) has invested $150 million in Tam Thang Industrial Park and will invest an additional $100 million. Phuoc Quang Group in Dien Nam - Dien Ngoc Industrial Park (Dien Ban) has invested $650 million and is continuing to build and complete the housing area to attract investors...

FDI and domestic investment projects in 2025 will invest $2 billion (approximately VND 50 trillion), along with VND 10 trillion in public investment, totaling around VND 60 trillion in Quang Nam. Furthermore, products from cooperatives, OCOP programs, and the mining industry will contribute to economic growth in 2025 and lay the foundation for future years.

The automotive manufacturing and assembly business of THACO Group contributes significantly to the budget and creates momentum for economic growth in Quang Nam province. Photo: HOANG DAO

* Which strategic projects promise to sustain growth in the coming years?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

Many previous policy mechanisms were bottlenecks, but the Central Government has directed their removal for Quang Nam. According to Notice No. 40 dated February 12, 2025, from the Government Office regarding the conclusions of Prime Minister Pham Minh Chinh at the working session with the Standing Committee of the Quang Nam Provincial Party Committee, the Prime Minister agreed in principle to allow the province to socialize investment in Chu Lai Airport. Currently, the State manages 2,000 hectares of cleared land, which is very favorable for building airport urban infrastructure and other supporting industries…

Furthermore, the investment project for the Cua Lo waterway to allow 50,000-ton vessels to access Tam Hiep port (Nui Thanh district), linked with a duty-free zone and logistics center, has a total investment of 7,200 billion VND and is currently undergoing procedures for planning and attracting investment. If these two strategic projects are completed, Quang Nam promises double-digit growth in the next phase. The province's budget revenue could even reach 100 trillion VND in the future, not just a few tens of trillions of VND.

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Quang Nam will renew its old growth drivers by continuing to create the most favorable conditions for corporations and businesses to invest and expand their production and business scale. It will focus on disbursing public investment capital from the beginning of 2025, using public investment to lead and stimulate social investment, and promoting public-private partnerships.

Chairman of the Provincial People's Committee Le Van Dung

Furthermore, I would like to emphasize that the development space in the eastern part of Quang Nam province still has enormous potential. The coastal strip from Cua Dai Bridge (Hoi An) to Cua Lo (Nui Thanh) offers favorable conditions for attracting investors. In Tam Ky City, urban areas such as Song Dam and the Nguyen Tat Thanh road extension to the sea will be developed; high-tech medical complexes and medical facilities combined with tourism and resorts will also be established. In Duy Xuyen, a business has already begun researching investment in a marina project. If we improve the investment environment, administrative procedures, and the government's support, the eastern region will undoubtedly become a magnet for investors.

In the western part of the province, a business is currently researching and planning a large-scale livestock project worth 2 trillion VND in Que Son district.

Chu Lai Airport is planned to become a 4F-class international airport. Photo: Huu Phuc

* Mr. Chairman of the Provincial People's Committee, when were there any positive signs regarding attracting private investment in Chu Lai Airport?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

With the Chu Lai airport project, the opportunity to attract investment is immense. The reason is that the mechanisms are extremely favorable, with no more obstacles. During two meetings with the Standing Committee of the Quang Nam Provincial Party Committee, Prime Minister Pham Minh Chinh strongly agreed with the principle of socializing investment in this project. Furthermore, central ministries and agencies (Ministry of National Defense, Ministry of Transport, Ministry of Finance) are very supportive of the province in carrying out the legal procedures related to the investment in upgrading and expanding Chu Lai airport. Specifically, the Ministry of National Defense has worked with the province three times to delineate the boundaries of national defense and civilian land, handing it over to the province for implementation.

Between 2021 and 2030, Chu Lai Airport is planned to become a 4F-class international airport – the highest classification in the International Civil Aviation Organization's system. The airport is designed to handle 10 million passengers per year. Many large corporations have already explored investment opportunities. For example, Vin Group previously conducted research, and more recently, SOVICO Group has partnered with Adani Group of India, both expressing interest in investing in Chu Lai Airport.

Quang Nam province still has vast potential for industrial development in the east. IN THE PHOTO: Vo Chi Cong road section passing through Thang Binh district. Photo: HO QUAN

* What tasks should we focus on to attract strategic investment projects, Comrade?

CHAIRMAN OF THE PROVINCIAL PEOPLE'S COMMITTEE LE VAN DUNG:

Among the task groups, the top priority remains focusing on land clearance to create clean land for attracting investment, especially for strategic projects that have been approved by the Prime Minister.

Experience shows that the disbursement rate was very low in the first six months of 2024, but it increased significantly in the last six months. To effectively manage and direct the process, the Provincial People's Committee established five working groups focusing on the disbursement of public investment capital and land clearance. These five working groups provided specific guidance for each key project. Regarding procedures and documentation, they must be handled urgently and decisively, and I specifically instructed a "7-day" process. When departments, agencies, and localities receive documents, the working group requests feedback, and the relevant department must respond within seven days, accelerating the bidding process and construction progress.

The Provincial People's Committee has directed a pilot project for land clearance for the Tam Anh Nam Industrial Park (450ha) and the Nam Thang Binh Industrial Park (650ha) to create clean land and attract large investors. I affirm that land clearance is the most decisive and important factor. Therefore, we must prepare resettlement land for the people in advance, establish prices, publicly list them, and ensure transparency in the project…

Thank you, Chairman of the Provincial People's Committee!

Source: https://baoquangnam.vn/chu-tich-ubnd-tinh-le-van-dung-vung-dong-quang-nam-se-la-thoi-nam-cham-thu-hut-cac-nha-dau-tu-lon-3151194.html