Quang Nam province leaders have awarded investment registration certificates to 10 companies, marking a major step towards implementing the province's ambitious development plan. The total value of the projects exceeds $650 million, with a focus on port upgrades and industrial expansion.

Chu Lai International Seaport LLC will invest nearly $66 million to upgrade Chu Lai port in the Nui Thanh district. Thaco Truong Hai Corporation, a major automotive player, will invest over $145 million in seven projects within the Chu Lai Automobile Mechanical Industrial Park – including a $40 million factory to manufacture tourist bus seats.

Two major infrastructure projects in Thang Binh Industrial Park collectively represent an investment of over $400 million.

Provincial Party Secretary Luong Nguyen Minh Triet emphasized the importance of these projects in fulfilling Quang Nam's recently adopted master plan. This plan outlines a comprehensive development strategy for the province through 2050.

The plan divides Quang Nam into two zones: the Eastern zone, focused on coastal development with centers for administration, industry, and tourism, and the Western zone, prioritizing conservation and upland economic development.

Quang Nam also envisions creating dynamic growth clusters and development corridors. Key corridors will connect to the Da Nang – Quang Ngai expressway, promote high-tech industries and green tourism, and link the Chu Lai seaport and airport. Another corridor, aligned with the Ho Chi Minh expressway, will focus on hydropower, mining, agriculture, and forestry, while also serving as a trade gateway to Laos and Cambodia.

Quang Nam's ambitious goals include 8% annual economic growth by 2030 and a GRDP per capita of $7,500. It aims to elevate its competitiveness ranking and achieve status as a centrally-controlled municipality by 2050.