The central province of Quang Nam expects to welcome more FDI projects promoting green growth, according to Chairman of the provincial People’s Committee Le Tri Thanh.

An aerial view of the Chu Lai Open Economic Zone in Quang Nam province (Photo: VNA)

He expressed his appreciation of all FDI projects in the province that have significantly contributed to local socio-economic development.

He cited the fact that FDI firms have contributed about US$89.34 million to the provincial budget, exported US$751.24 million worth of goods, and employed over 55,000 local workers.

The province plans to pursue green growth in the long term, he went on, so it is giving priority to investment in three industries - manufacturing and processing, electronics and telecommunications, and renewable energy - and will ensure the most suitable conditions possible are provided to investors.

The province also hopes to attract large-scale projects producing highly-competitive goods and forming part of global supply chains. It also welcomes projects in support industries and those using high technology.

Quang Nam raked in close to US$19 million in FDI in the first quarter of this year, up 15.8% year-on-year, mostly in manufacturing and processing and services, despite the impact of the COVID-19 pandemic.

Most new manufacturing and processing projects are located at the Chu Lai Open Economic Zone, the Dien Nam - Dien Ngoc Industrial Park, and industrial clusters in Thang Binh and Duy Xuyen districts, while those in the services industry are primarily in Hoi An ancient town.

The province has also approved 16 domestic projects with combined registered capital of nearly VND1.79 trillion (US$76.8 million).