Quang Nam province seeks investments in 57 prioritized projects

By Thanh Van, Tri Duc
Sun, May 26, 2024 | 9:00 am GMT+7

Vietnam’s central coastal province of Quang Nam has announced an investment drive for 233 projects in 2024-2025, including 57 prioritized ones.

A key project is the Chu Lai airport within the Chu Lai open economic zone, covering 835 hectares.

The project includes a new three-kilometer runway, a taxiway, an airport apron with 32-40 parking positions, a passenger terminal for 10 million passengers a year, and a cargo terminal for 1.5 million tons of cargoes a year.

The entrance to Chu Lai economic zone, Quang Nam province, central Vietnam. Photo courtesy of Quang Nam newspaper.

The entrance to Chu Lai economic zone, Quang Nam province, central Vietnam. Photo courtesy of Quang Nam newspaper.

Another major project is the 800-hectare Cua Lo maritime channel, which will accommodate ships of 50,000 tons and connect to the Tam Hoa non-tariff zone. The project needs dredging of the area to be completed, before construction of a port and the non-tariff zone.

The project is expected to boost the regional logistics sector, help with economic transformation, and increase the state revenue via taxes and fees by VND14.1 trillion ($553.6 million) a year in 2030, VND24.1 trillion a year in 2040, VND41.2 trillion a year in 2050.

For industrial real estate, Quang Nam’s list features the 655-hectare Nam Thang Binh industrial park in Thang Binh district, a 400-hectare industrial park to the west of Thang Binh district’s expressway, and a 400-hectare service-urban-industrial area in Dien Ban town.

For urban area development, Quang Nam is calling for investments in a number of large projects, including a 746-hectare project along Nguyen Tat Thanh road in Tam Ky town, a 223-hectare multi-function project in Hoa Huong ward, Tam Ky town, and the 195-hectare Chu Lai urban area in Nui Thanh district.

In tourism, Quang Nam plans to attract investments in the 700-hectare Trung Trung Bo-Nuoc Oa historical relic tourism area in Bac Tra My district, the 463-hectare Son Viet hot spring resort in Nong Son district, the 427-hectare Loc Yen-Lo Thung ancient village ecological area in Tien Phuoc district, and the 400-hectare Bang Am eco-tourism area in Dai Loc district.

Regarding the remaining 176 projects, 43 are in the industrial real estate and industrial production sectors, 40 in urban areas, 37 in tourism, 19 in agriculture, and 32 others.

Comments (0)
  • Read More
Thailand, Australia boost ties in transport, logistics

Thailand, Australia boost ties in transport, logistics

Thailand and Australia are seeking to strengthen cooperation in transport infrastructure and carbon emission reduction in the logistics sector.

Southeast Asia - Mon, February 17, 2025 | 8:20 pm GMT+7

China surpasses US as biggest importer of Vietnamese shrimp

China surpasses US as biggest importer of Vietnamese shrimp

China imported $834 million worth of Vietnamese shrimp last year, surpassing the U.S. to become the largest buyer of this item from Vietnam, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).

Economy - Mon, February 17, 2025 | 7:51 pm GMT+7

Malaysia, S Korea resume FTA talks

Malaysia, S Korea resume FTA talks

Malaysia and South Korea are set to hold their seventh round of negotiations for a bilateral free trade agreement (FTA) as they look to expand their trade portfolio and strengthen cooperation, according to the latter's Ministry of Trade, Industry and Energy.

Southeast Asia - Mon, February 17, 2025 | 5:23 pm GMT+7

Indonesia to launch new sovereign wealth fund this month

Indonesia to launch new sovereign wealth fund this month

Indonesia will launch a new sovereign wealth fund called Danantara this month, with an initial capital of around $20 billion.

Southeast Asia - Mon, February 17, 2025 | 5:19 pm GMT+7

Singapore's Billion Union builds $70 mln fabric factory in Vietnam

Singapore's Billion Union builds $70 mln fabric factory in Vietnam

Hong Kong-invested Thanh Hoa Billion Union Textile kicked off the construction of a $70 million factory in Vietnam’s central province of Thanh Hoa on Monday.

Industries - Mon, February 17, 2025 | 5:04 pm GMT+7

Vietnam’s construction ministry plans real estate exchanges for improved transparency

Vietnam’s construction ministry plans real estate exchanges for improved transparency

The Vietnamese Ministry of Construction is advancing a plan to establish real estate exchanges, similar to the stock market, in a bid to enhance transparency and efficiency in property transactions.

Real Estate - Mon, February 17, 2025 | 4:57 pm GMT+7

Vietnam plans to increase electricity imports from China, Laos by 2030

Vietnam plans to increase electricity imports from China, Laos by 2030

The Vietnamese Ministry of Industry and Trade (MoIT) aims to raise electricity imports from China and Laos by 3,000 MW and 2,500 MW by 2030, over 5 times and nearly 1.6 times higher than those stated in the current Power Development Plan VIII (PDP VIII), respectively.

Energy - Mon, February 17, 2025 | 4:14 pm GMT+7

Vietnam urges Turkish contractor to speed up mega Long Thanh airport's terminal construction

Vietnam urges Turkish contractor to speed up mega Long Thanh airport's terminal construction

Türkiye-based IC ICTAS, the lead contractor of the passenger terminal within the under-construction Long Thanh International Airport, should speed up the construction of the package, said Vietnamese Deputy Prime Minister Tran Hong Ha.

Infrastructure - Mon, February 17, 2025 | 3:27 pm GMT+7

Vietnam tech giant FPT to provide high-quality AI human resources

Vietnam tech giant FPT to provide high-quality AI human resources

With the groundbreaking of an inter-level school on Sunday, FPT Corporation is completing its education system from elementary to university levels in the south-central province of Binh Dinh, to provide high-quality human resources, particularly in AI.

Companies - Mon, February 17, 2025 | 11:32 am GMT+7

Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July

Japan pneumatics firm SMC to start $330 mln Vietnam expansion from July

SMC Manufacturing Vietnam, under Japanese pneumatic instrument producer SMC, aims to start its $330 million expansion in Vietnam from July.

Industries - Mon, February 17, 2025 | 10:47 am GMT+7

Institutional breakthroughs to provide solid foundation for heightened business confidence: economists

Institutional breakthroughs to provide solid foundation for heightened business confidence: economists

At a meeting of the National Assembly's Economic Committee in early February, the government proposed the 2025 GDP growth be "8% or more", instead of 6.5-7% set last November. The Investor introduces opinions of some leading Vietnamese economists on this proposed target.

Economy - Mon, February 17, 2025 | 8:02 am GMT+7

Vietnam consumer credit enters new growth cycle

Vietnam consumer credit enters new growth cycle

After the decrease in consumer capital demand, negative growth, and peaking bad debts in 2023, Vietnam’s consumer financial market is entering a new growth cycle, backed by positive signs from the macroeconomic environment.

Finance - Sun, February 16, 2025 | 3:19 pm GMT+7

Vietnam property investors seek new opportunities in provincial markets

Vietnam property investors seek new opportunities in provincial markets

Real estate investors in Vietnam, both individuals and organizations, are shifting their investments from city centers to suburban regions and neighboring provinces where land remains abundant and significant investments are being made in infrastructure, particularly in transportation.

Real Estate - Sun, February 16, 2025 | 2:00 pm GMT+7

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Five Vietnam pilgrimage destinations perfect for spiritual seekers: Booking.com

Booking.com, the world's leading digital travel company, has suggested some destinations in Vietnam for those seeking spiritual enrichment and a chance for reflection and connection, including Ba Den mountain and Bai Dinh pagoda.

Travel - Sun, February 16, 2025 | 10:59 am GMT+7

Malaysia takes the lead in data center development

Malaysia takes the lead in data center development

Malaysia is making efforts to align with the global trend towards digitalization, which is driving demand for data centers, cloud computing, blockchain, and artificial intelligence (AI).

Southeast Asia - Sun, February 16, 2025 | 10:57 am GMT+7

WB sees Thai fiscal risks mounting due to spending surge

WB sees Thai fiscal risks mounting due to spending surge

Thailand’s pursuit of an expansionary fiscal policy strategy to propel growth faces the risk of rising costs for elderly care, investment and the need to keep public debt level to sustainable levels, according to the World Bank.

Southeast Asia - Sun, February 16, 2025 | 10:41 am GMT+7