Further Development Planned for Central Region

The Ministry of Planning and Investment, Sai Gon Giai Phong newspaper, and Da Nang authorities co-organized a conference Thursday to discuss ways to boost socio-economic development and attract foreign investment to the central provinces.

The Dung Quat Port in the central province of Quang Ngai is under construction

The conference in Da Nang City attracted more than 350 participants, including representatives of embassies and consulates general, and international organizations such as IMF, the World Bank, UNDB, Asian Development Bank, and the Japan International Cooperation Agency.

The central part of the country has developed vigorously in recent years and the region’s gross domestic product grew 13 percent last year.

In 2007 and the two first months of this year, the region attracted 154 projects with a combined investment of US$5.3 billion. This brings the total number of licensed projects to 631. Among 83 countries and territories investing in Viet Nam, 36 chose to invest in the central region.

The region has nine economic zones with a total area of 291,627 hectares, as well as 20 industrial parks.

The central provinces have yet to make full advantage of their geographic features for economic development, such as deep-water bays for seaports and shipping industry, beautiful beaches and cultural and historical sites for tourism industry, according to the Ministry of Planning and Investment.

By Nguyen Hung – Translated by Thuy Hang

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