Quang Nam Rolls out the Red Carpet for Investors

3:26:34 PM | 8/7/2005

Quang Nam Rolls out the Red Carpet for Investors


Authorities in the central province of Quang Nam held a meeting on March 9 in Ho Chi Minh City to call for more investments into the province’s economic sectors.


According to Mr. Nguyen Van Tri - Director of the provincial Department of Planning and Investment, the province has attracted an increasing number of investors from Ho Chi Minh City and southern provinces over the recent years.


Among them are Dong Tam Brick Company with an investment of VND158 billion (US$10.1 million) in expanding its 5th workshop in Dien Nam – Dien Ngoc IP and Sai Thanh International Tourism Company with US$28 million in constructing a 100-hectare golf course and a 9-hectare resort.


Meanwhile, Phuoc Thach Textile Enterprises has injected VND100 billion (US$6.4 million) into building a 4-star resort area and plans to pour an additional investment of VND50 billion (US$3.2 million) into a project to grow material trees.


The province pledges to further incentives to investors by exempting land hiring tax within 6-11 years and extending land hiring duration for 90 years in infrastructure-ready IPs.

  • Thu Hong