Central Quang Binh province targets becoming a dynamic economy in the central region with a focus on key industries such as renewable energies, manufacturing and processing, and high-end and ecological agriculture under its master plan in the 2021-2030 period with a vision towards 2050.

Under the plan, which has been approved by the government, Quang Binh will strive to post annual GRDP growth of 8.4-8.8 per cent by 2030.

The province plans to develop tourism into a spearhead economic sector to create breakthroughs in socio-economic development. It envisions becoming one of the most attractive tourist destinations in Vietnam and an adventure tourism center of the region. An estimated 10 million tourists will visit the province by 2030.

Speaking at a conference on June 25 to announce the province’s master plan and promote investment in the province, Chief Representative of the Japan External Trade Organization (JETRO) in Hanoi, Mr. Takeo Nakajima, said Quang Binh is a region favorable for the development of renewable energy projects such as wind power and solar power.

Mr. Kim Tae Hoon from the Korea Chamber of Business in Vietnam (KOCHAM), said renewable energy is a key industry that will contribute to the development of the province’s economy in the future.

Many South Korean investors have carried out market research in seeking investment opportunities in Quang Binh, he said.