Enormous Opportunities to Invest in Quang Nam Province

 

Quang Nam has favourable conditions to develop industry, agriculture and service. With an area of 10,406 sq. kilometres, Quang Nam has nine kinds of soil, especially silt in downstream of the rivers most suitable for sugar cane, cereals and vegetable; red soil in midland and mountainous area for forest, long-term trees and pharmaceutical materials. 651,500 hectares have been developed including 106,800 hectares for agriculture (10.3 percent), 512,800 hectares for forestry (49.3 percent), 25,600 hectares for industry (2.5 percent). The province is rich in minerals (coal, gold, uranium, tin, kaolin, granite, limestone, clay and white sand. Processing industries can be developed with resources in timber and sea products, especially fish, shrimp and squid.            Meanwhile, 125 km of coast with beautiful beaches and islands, world cultural heritages of Hoi An and My Son, and craft villages (Phuoc Kieu, Ma Chau, Kim Bong) are special tourist attractions.

 

In spite of difficulties, the province has maintained growth rates in all economic sectors. In the first seven months of 2008, the province granted investment licenses to seven projects increasing the number to 58 industrial projects (including 13 FDI projects) with investment capital of VND2,128 billion and US$124 million with 50 projects already in operation generating some 19,000 jobs. In agriculture and aquaculture, 29,516 tonnes of products have been achieved (77 percent of the plan and 1.3 percent more than 2007. In trade and service, VND4,922 billion have been recorded (42.2cent more than 2007) with 1,287,000 tourists, up by 15.7 percent.

 

With advantages in location and potential, the central key economic region has been established consisting of Da Nang, Thua Thien Hue, Quang Nam, Quang Ngai and Binh Dinh. It has become trade and processing centres of the Great Mekong Region, promoting socio-economic development in Central Vietnam and Highlands. The region has six world cultural heritages ( Hue royal capital, Hoi An ancient town, My Son Holy land, Phong Nha – Ke Bang national park, Court elegant music, Tay Nguyen gong music). Quang Nam has coordinated with Da Nang and neighbouring provinces to develop a big centre for tourism and service.

 

National Tourism Year 2006 has started the cooperation, developed tourist tours including caravan tours from Thailand through Lao Bao border gate to Hue, Da Nang, Hoi An, My Son, Phong Nha – Ke Bang. The tourist tours can also be connected to both Northern and Southern ends of Vietnam. In 2007, Quang Nam organized the third festival “Quang Nam – journey to Indochinese cultural heritages, connecting with Siem Reap (Cambodia), Champassak and Luang Prabang (Laos), making a tour of international cultural heritages : Hoi An – My Son – Hue – Watphou – Luang Prabang – Angkor.

 

By 2015 and in vision of 2020, Quang Nam will develop tourism as a spearheaded industry and connect with the rest of Vietnam. To ensure competitiveness and sustainable development, Quang Nam will tourism in clusters : Hoi An - Dien Ban – West Duy Xuyen – Que Son – Dai Loc; East Duy Xuyen – Thang Binh – Tam Ky - Nui Thanh – Phu Ninh - Tien Phuoc - Tra My; Dong Giang – Nam Giang – Phuoc Son – Hiep Duc. The clusters will be connected to national and international tourist tours with Chu Lai airport, Ky Ha sea port and railways to Hanoi, Ho Chi Minh city, Nha Trang, Haiphong and other countries.

 

In addition to 54 tourist sites already established, the province will increase investment for hotels, resorts, transport means, golf courses, restaurants, commercial centres, museums, parks, MICE and other public utilities.