Quang Nam: A new investment paradise for US companies!

Quang Nam: A new investment paradise for US companies!

Quang Nam Province in Vietnam has established itself as an emerging destination for foreign investment. Tran Nam Hung, deputy chairman of the Quang Nam People's Committee, highlighted Network 20/20's interest in investing in the region. This organization, based in New York, brings together entrepreneurs and experts and promotes investments in emerging markets. She runs the Vietnam Business Diplomacy program, which focuses on startups, digital transformation, renewable energy and climate change. Additionally, the Network 20/20 delegation has shown interest in the priority development areas in Quang Nam and appreciates the province's positive investment environment.

Quang Nam offers strategic advantages including a favorable geographical location, synchronous transportation infrastructure, a young and skilled workforce, and an open and transparent investment policy. The province has set itself the goal of developing a new growth pole in the central region with connections to Da Nang. The planned projects include a modern coastal city model, an international financial center, a free trade zone, a cultural tourism center and luxury resorts.

Progress in attracting investment

In 2024, Quang Nam has made significant progress in attracting investment. Thus, 29 domestic projects with a total volume of VND 4.915 trillion were licensed, and 10 new foreign direct investment projects worth USD 134.85 million were approved. In total, there are currently 201 active FDI projects in the province, with a total value of $6.36 billion.

Most foreign investment flows into the processing and manufacturing sectors, with significant sources of FDI in Quang Nam coming primarily from the following countries:

International relations and events

In October 2024, Quang Nam leaders undertook a visit to Japan to strengthen ties in tourism, culture and investment. These activities included an investment promotion workshop in Nagasaki and discussions with companies in Osaka and Tokyo. The visit was well received and attracted interest from Japanese investors.

Chairman Le Van Dung emphasized Quang Nam's commitment to a transparent and business-friendly environment. In the future, the province aims to attract highly innovative industries, sustainable agriculture and creative startups to further expand its economic and industrial potential.