'Hard' infrastructure and 'soft' mechanisms for Quang Nam’s FDI attraction
(QNO) - Quang Nam is emerging as a bright spot in attracting foreign direct investment (FDI) thanks to the combination of 'hard' infrastructure and 'soft' mechanisms.
'Hard' infrastructure refers to the synchronised investment in transportation systems, industrial zones, and seaports, while 'soft' mechanisms involve transparent policies and effective business support from local authorities.
In 2024, Quang Nam had 201 active FDI projects with a total registered capital of over USD 6.3 billion. These projects have not only contributed to the state budget but also created jobs for over 62,000 locals.
Hoiana Resort & Golf Complex, with a total investment of USD 1.2 billion, has been honoured as the World's Best Integrated Resort. It created nearly 3,000 jobs and contributed VND 650 billion to Quang Nam’s budget in 2024.
Kärcher Cleaning Equipment Manufacturing Plant, with an investment of over VND 300 billion, has been applying European-standard technology, providing about 300 jobs for locals.
Additionally, Quang Nam has attracted new projects, such as the Magnetic Materials Factory by Star Group Industrial Co., Ltd. from South Korea with a total capital of USD 40 million, contributing to provincial sustainable green development.
Quang Nam leaders are committed to building a business-friendly and transparent investment environment, providing maximum support for enterprises.
The province will continue to enhance synchronised infrastructure and investment promotion to attract more investors, contributing to sustainable development and elevating Quang Nam’s economic position nationwide.
Source: VOV.vn