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|The Nam Hoi An Integrated Resort Project starts construction in Quang Nam Province. -VNS Photo Cong Thanh|
The province said the complex will be reserved for investors in agriculture and forestry, seafood processing, pharmaceuticals, mineral processing, garment, leather and craft.
To date, the province has developed 19 industrial parks and complexes on a total area of 4,700ha.
According to latest reports, Chu Lai Open Economic Zone which was opened in 2003 has 109 investment projects, of which 29 are foreign direct investment (FDI) projects with combined registered capital of more than US$1.52 billion. Sixty-six projects, worth more than $837 million, are in operation, creating 12,000 jobs for locals.
The province also invested VND825 billion ($39 million) to dredge the ports of Tam Hiep and Ky Ha, to help cargo ships with capacity of 10,000 deadweight tonnage (DWT) and 20,000 DWT reach them.
Meanwhile, Chu Lai Airport plans to handle 2.3 million passengers and 1.5 million tonnes of cargo by 2025.
Quang Nam has so far attracted 128 FDI projects with total investment capital of $2.1 billion.
Last year, the province commenced construction on two key projects – the Nam Hoi An Integrated Resort Project, invested by VinaCapital and Gold Yield Enterprises Corporations, and the expansion of the Truong Hai-Chu Lai Mechanical Automobile Industrial Zone, with initial capital of $535.3 million.