The province considers Dung Quat Oil Refinery as the centre in its investment attraction strategy but will continue to lure investment in others, especially FDI projects in industry, urban development and services.— Photo baoquangngai

HA NOI (Biz Hub) — Thanks to its open policies and rich potential, the central province of Quang Ngai has become a popular destination for both domestic and foreign investors.

The locality has, to date, granted licences to 302 projects with a total registered capital of over VND178 trillion (US$8.36 billion).

The acceleration of administrative reforms, the improvement of competitiveness and the renovation of investment promotion activities are responsible for the upturn. Last year alone, industrial parks in Quang Ngai attracted 11 new projects, raising the total number to 86 worth more than VND5.76 trillion ($274 million), generating jobs for tens of thousands of people.

The province considers Dung Quat Oil Refinery as the centre in its investment attraction strategy but will continue to lure investment in others, especially FDI projects in industry, urban development and services. — VNS