- Green Growth
- Your Consultant
The province has golden tourism potential that has yet to be explored
Boasting a coastline of 75 kilometres, fishing grounds of 8,400 square kilometres and estimated seafood reserves of 60,000 tonnes, the province annually catches some 17,000 tonnes of seafood, including such high-value catches as lobster, cuttle fish, crab and holothurian.
In addition, Quang Tri has more than 4,000 hectares of riverside alluvial grounds and 1,000ha of coastal water surface. By 2020, total aquaculture area will be expanded to 6,000ha and an aquatic output of 38,000 tonnes.
Under Vietnam’s gas industry development plan till 2015, a gas pipeline system, at scale of 1-3 billion cubic metres and operation time of 30 years, will be built from the sea to Quang Tri. This is a favourable condition for developing industries of gas-power-fertiliser complexes, chemicals, glass, pottery and hi-tech products in the province.
In terms of minerals, Quang Tri has limestone reserves for producing cement reaching over three billion tonnes, gold in Avao, titanium in Vinh Linh and Gio Linh, silic sand mines with reserves of 125 million cubic metres and granite. Also, mineral water sources in Cam Lo and Dakrong are favourable for developing mineral water industry and medicinal treatment services.
The province also has much potential for tourism development with a series of famous historical sites and cultural relics, including Quang Tri Ancient Citadel, McNamara electric fence, Vinh Moc tunnel village, Khe Sanh base, Vay village and Ta Con airport. Quang Tri also features wonderful beaches like Cua Tung, Cua Viet and My Thuy and primeval forests sucha Ru Linh and Tram Tra Loc. It also hosts famous revolutionary festivals, namely Unification, Trans-Asia Bridge and Truong Son Legend.
Complementing the huge development potential is the local rich human workforce with 311,977 people at working age, accounting for 51.9 per cent of the province’s total population. Most labourers in the province are working in the field of agro-forestry-fishery sectors while the proportion of workforce in industry-construction-service sectors is increasing.
With the assistance from Korea International Cooperation Agency (KOICA), the provincial vocational training school is being upgraded to help meet the demand for labour of South Korean investors.
A convenient traffic network of roads, railways and waterways enhances Quang Tri’s economic potential. Currently, there are four national highways with total length of 376 kilometres going through Quang Tri, a railway of 76km and a waterway of 300km. The province is also housing a system of river ports and seaports.
Aiming to attract investment, Quang Tri has established bustling economic zones, industrial parks and clusters which are available for more industrial development.
First, Lao Bao Special Economic Trade Zone contains seven functional sub-zones with synchronous infrastructure, meeting the requirements for production and business of investors.
By the end of last year, the zone pulled in 44 projects capitalised at VND3.2 trillion ($153.6 million). Currently, Lao Bao is calling for investment in a series of fields such as production of agro-forestry products, food, beverage, cosmetics, pharmaceuticals, cattle feed, fertiliser, plastics, stationery, building materials, assembling electronics, automobiles, motorbikes, apparels, leather footwear, sport shoes, fine arts woodwork, home decoration and packaging.
Second, the 99 hectare Dong Nam Ha IP is some 80km from Lao Bao international bordergate, 80km from Phu Bai airport and 120km from Chan May-Lang Co port in neighbouring Thua Thien-Hue province. The IP is encouraging investments in production of building materials, apparels, leather shoes, handicraft, electronic assembly and vehicles.
Third, the 205.4ha Quan Ngang IP, 8km from Cua Viet port, is calling for investment projects in the fields of processing agro-forestry-fishery products, beer, wine and beverage, building materials, apparels and cosmetics.
Fourth, the 294ha Tay Bac Ho Xa IP is seeking investment capital in all fields except those prohibited by the Vietnamese government.
In addition to incentives stipulated by the Vietnamese government, investors in Quang Tri can expect additional incentives and supports from the provincial authorities relating to land rentals, corporate income tax, vocational training and site clearance.