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(QNO) - Over 200 active FDI (foreign direct investment) projects with a total registered investment capital of approximately USD 6.35 billion play an important role in the economic and social development of Quang Nam.
As of mid-October 2024, Quang Nam has 201 active FDI projects with a total registered capital of USD 6.35 billion. In the first 9 months of 2024, 10 new projects were approved, totalling USD 134.85 million.
Singapore leads with USD 4.11 billion in investments, followed by South Korea (USD 950 million), China (USD 413 million), and Japan (USD 140 million).
Major projects include Hoiana (USD 4 billion) and Hyosung (USD 450 million), Groz Beckert (over USD 110 million), Panko Tam Thang (USD 70 million), and The Nam Hai (USD 35 million).
FDI projects not only create jobs for around 57,000 locals but also contribute significantly to the state budget.
FDI companies are not only boosting their own investments but are also encouraging related businesses to invest in Quang Nam. This strategy not only improves the production capabilities of these companies but also contributes to the growth of the local economy and strengthens the overall industrial supply chain.
At a recent meeting with FDI businesses, Le Van Dung, Chairman of the Quang Nam provincial People's Committee, acknowledged the significant contributions of FDI businesses to Quang Nam socio-economic growth.
The province is committed to supporting these enterprises for sustainable development, aiming to make Quang Nam one of the leading provinces in Vietnam by 2030.