Plans for provincial growth
The plans for the Quang Nam provincial development were built based on the experiences of some emerging economies at that time such as South Korea and Singapore. And industrialization was confirmed to be the foundation of scientific and technological applications.
Besides, international integration was considered an essential way of provincial development. It is the reason for the birth of the Chu Lai Open Economic Zone.
Investment promotion was also paid attention. However, Quang Nam has changed its plans in investment attraction when the province gives the priority to environment-friendly industrial projects.
At the same time, Quang Nam has focused on building its socio-economic infrastructure, facilitating investment attraction.
Quang Nam has also synchronized industrialization with the socioeconomic development from the plain to mountainous areas, creating jobs for local people, ensuring social security.
Along with the development of key sectors, industries, and services, Quang Nam has planned two dynamic regions- the East and the West. With different advantages and potential, they are expected to support each other for the provincial development.
Quang Nam now owns dozens of industrial parks and clusters except Dien Nam- Dien Ngoc Industrial Park, Chu Lai Open Economic Zone, and Nam Giang Border Gate Economic Zone.
The automotive industry, tourism, and services were identified as the key sectors in the development of Quang Nam. Besides Truong Hai Auto Corporation, there were 65 projects with a registered capital of 1,5 billion USD in 2010.
The provincial economic structure has so far well shifted towards industry and services. The infrastructure has been improved, facilitating trade exchange and economic development.
Quang Nam, after 25 years of re-establishment, has grown stably in the direction of industrialization, towards sustainable development in the future.
Plans for future
Like most the localities in Vietnam, Quang Nam is under the bad impacts of Covid-19. So, the government of Quang Nam makes efforts to use and encourage to apply of information technology in all economic sectors.
During the time of Covid-19 prevention and control, Quang Nam conducts some reviews of the provincial planning, including urban planning, getting online investment promotion to upgrade the local socio-economic infrastructure and enhance post-Covid-19 investment attraction.
At the same time, the province strengthens and improves the efficiency of international and domestic cooperation, especially between localities in the province and in the Central key economic region.
Hopefully, Quang Nam’s aspiration of industrialization will attract more and more investors in the future.