Quy Nhon City: Potential Land

It is natural that many companies and investors choose Quy Nhon City to do business because, apart from its distinctive good foundations that not all localities have, the city also offers attractive incentives to investors. It is also attractive to investors for its stable economic development. In 2010, with tremendous effort on all fronts, the city’s GDP expanded 13.9 percent, the value of industrial and handicraft production increased 14.6 percent, the value of services climbed 0.94 percent, the export - import turnover rose 27.65 percent, and the value of agriculture, forestry and fisheries augmented 3.47 percent. These growth indicators importantly contributed to the economic development of Binh Dinh province.

 

Quy Nhon City also has favourable factors to become a regional urban zone, as it connects with many important overland and waterway traffic routes like National Road 1A; National Road 1D linking to Phu Yen province; National Road 19 which will connect in the near future to the Central Highlands, northwest Cambodia, southern Laos and Thailand; North - South Railway; Phu Cat Airport (30 km away); and Quy Nhon Port capable of accommodating ships of 30,000 tonnes.

 

Quy Nhon scored more marks in the eyes of investors as it was upgraded to the first-grade urban zone of Binh Dinh province by the Prime Minister in 2010. The face of an industrial, service and seaport city is getting clearer. The many industrial, tourist, commercial, and social security projects are rapidly lifting the face of this modern city.

 

Investors express praise and satisfaction when they choose Quy Nhon as an investment destination. In the past years, Quy Nhon has been very active in public administration reform to create a more attractive business and investment environment.

 

Quy Non City also focuses on urban investment, management, embellishment and designing. The speed of urbanisation is fast in recent years, as the city significantly invests in traffic, residential, and public infrastructure. Many roads have been upgraded, expanded or newly built; green areas, lighting systems and environmental sanitation are upgraded.

 

Currently, Quy Nhon has 2,183 industrial production units, an increase of 587 units from 1998. Their main products include furniture, shoes, medicines, granite, mechanical products and processed aquatic products. Export turnover reached US$380 million in 2010, up 27.65 percent from 2009.

Mr Thai Ngoc Bich, Chairman of Quy Nhon City People's Committee, said: Tourism is one of many potential areas in Quy Nhon City that need investment capital to be developed. With its special position and many famously beautiful beaches like Quy Nhon, Ghenh Rang, Quy Hoa, Cu Lao Xanh, Hai Giang, Nhon Ly, Eo Gio, and specially Phuong Mai - Nui Ba - Dam Thi Nai peninsula, Quy Nhon City is branded to hold a "gold mine" of Binh Dinh province’s tourism sector.

 

Most beaches in Quy Nhon are relatively flat, sandy, sunny and scenic. Beautiful beaches are distributed evenly in the city.

 

Offering not only landscapes and beautiful beaches, the city also has a lot of coastal islands, gulfs, lagoons, coral reefs, estuaries, sand dunes, mangroves, coral reefs and very diverse underwater systems. In sea tourism development, coastal items not only increase the beauty of landscapes and the attractiveness of beaches, but are also organised for tourist activities like swimming, diving, sand-boarding, kite flying, water sports and fishing.

 

In addition, seafood in Quy Nhon is famous for its deliciousness and high nutrition. Quy Nhon - Binh Dinh is well-known for its traditional martial arts, associated with the names of many national heroes, legends, heritages and relics.

 

Another advantage for Quy Nhon tourism industry is the relatively convenient and uninterrupted traffic system. Quy Nhon Port is capable of supporting large cruise ships. In the past time, the port has welcomed many cruise ships with thousands of international tourists to visit places of interest, historical relics and famous landscapes in Quy Nhon City and Binh Dinh Province in general.

 

Mr Bich said, in recent years, the province has built more roads like Quy Nhon - Song Cau and Quy Nhon - Nhon Hoi to support socioeconomic development, particularly tourism. The province is beautifying the urban face of Quy Nhon City to make it a centre for sea tourism. Xuan Dieu Road has opened Quy Nhon to the sea. Now, a variety of luxury resorts and hotels have been put into operation such as Life Resort (Bai Dai), Hoang Anh - Quy Nhon Resort, Saigon - QuyNhon Hotel.

 

With the current growth pace in combination with sound policies from authorities and the determination of the people, Quy Nhon City is sure to become one of 12 big cities of the country in the 2011 - 2015 period and become a centre of industry, commerce, service and tourism in the near future.