Quang Nam: A Key Region for Sustainable Development and Investment

Geography and Demographics

Quang Nam is strategically located in the central region of Vietnam, bordered by the provinces of Thua Thien Hue, Da Nang, Quang Ngai, and the East Sea. The province spans an area of 10,438 square kilometers, with a population of approximately 1.5 million people. Quang Nam’s unique geographical position places it at the crossroads of northern and southern Vietnam, offering easy access to both domestic and international markets. Its proximity to Da Nang, a major port city, further enhances its appeal as a hub for both trade and tourism.

Cultural and Natural Heritage

Quang Nam is not only rich in natural beauty but also in cultural heritage. The province is home to two UNESCO World Heritage Sites: the historic town of Hoi An and the My Son Sanctuary, which attract millions of tourists every year. Hoi An, with its ancient streets, traditional architecture, and vibrant culture, is one of Vietnam’s most famous tourist destinations. My Son, a former religious center of the Champa Kingdom, showcases impressive ancient Cham architecture. These cultural landmarks, along with the province’s lush landscapes, including 125 kilometers of coastline, forests, and islands, present significant opportunities for Eco-tourism and cultural tourism development. The Cu Lao Cham Biosphere Reserve, a collection of pristine islands with rich marine biodiversity, is another key attraction.

Economic Performance and Foreign Direct Investment Growth

Quang Nam has seen impressive economic growth, bouncing back from the negatives and achieving a GRDP per capita of 84 million VND (Hoang, 2025) in 2024 with an estimated growth rate at 7.1% (Ho, 2025). The province's total import-export turnover reached $4.5 billion USD in 2024 with export turnover exceeding $1.9 billion USD and import turnover surpassing $2.5 billion USD (Hoang, 2025; Van, 2024). While specific export commodities were not detailed in the available source from Bao Quang Nam, Quang Nam’s economy is traditionally bolstered by manufacturing sectors, including textiles, footwear and electronics.

Quang Nam has been successful in attracting foreign direct investment (FDI) over the years. From 1997 to 2024, the province has secured over 200 FDI projects, with a total registered capital of $6.35 billion USD. This growth underscores Quang Nam's growing appeal as a destination for global investors. In 2024 alone, the province welcomed 10 new FDI projects worth $134 million USD, further strengthening its role in Vietnam’s economic development. These investments span a variety of sectors, including manufacturing, retail, agriculture, and tourism.

Infrastructure Development and Investment Opportunities

The Prime Minister issued Decision 72/QD-TTg dated January 17, 2024 of the Prime Minister approving the Planning of Quang Nam province for the period 2021 - 2030, with a vision to 2050 (Thoi, 2025). According to that, the tasks and solutions to effectively implement the Quang Nam Provincial Planning for the period 2021-2030, with a vision to 2050, have been specifically identified in Decision No. 64/QD-TTg dated January 9, 2025 of the Prime Minister, including:?

“Completing the synchronous system of planning; programs, projects and regional linkages; Solutions on attracting development investment; Solutions on human resources; environmental protection, science and technology; ensuring social security, financial resources, national defense and security.”?

An important task of the province is to strengthen and promote investment promotion in breadth and depth to attract large, strategic investment projects; focus on investing in strategic infrastructure such as Chu Lai International Airport, Quang Nam Seaport, high-speed railways, infrastructure of economic zones, industrial parks, logistics infrastructure in Chu Lai Open Economic Zone and Nam Giang Border Gate Economic Zone... At the same time, continue to promote administrative procedure reform, improve the investment environment; focus on resolving procedures and recommendations of investors and enterprises; promptly support enterprises; resolve difficulties and problems in the investment and production and business process.

Besides that, infrastructure development in Quang Nam has been a key priority for the provincial government, which is focused on improving transport links, expanding industrial zones, and enhancing urban and rural facilities. The province has invested in upgrading its road network, including the expansion of National Highway 1A, which connects Quang Nam to neighboring provinces. The provincial government is also focused on developing its ports, such as the Chu Lai Port, which serves as an essential gateway for export-import activities. These improvements in transport infrastructure are expected to boost trade and investment in the region.

Quang Nam has developed several industrial parks, including the Quang Nam Industrial Zone, which hosts a range of industries such as electronics, textiles, and food processing. The province is also promoting its tourism industry with initiatives aimed at enhancing facilities, improving environmental sustainability, and creating a more attractive destination for both domestic and international tourists.

Investment incentive mechanisms in Quang Nam province

In order to attract investment activities, Quang Nam province has introduced the following investment incentive mechanisms (Department of Finance of Quang Nam Province, 3/11):

• Investors have full rights to choose and decide to implement projects in appropriate investment forms.
• Enterprises investing in Chu Lai Open Economic Zone enjoy the highest investment incentives according to the provisions of Vietnamese law: exemption and reduction of land rent; corporate income tax rate of 10% for 15 years from the time of taxable income; corporate income tax exemption for 04 years and 50% reduction of tax payable for the next 09 years.
• Enterprises investing in industrial parks, industrial clusters, and investment incentive areas enjoy preferential policies on corporate income tax (according to Consolidated Document No. 10/VBHN-BTC 2024 consolidating the Decree guiding the implementation of the Law on Corporate Income Tax? of the Ministry of Finance), export tax, import tax (according to Decree No. 134/2016/ND-CP dated September 1, 2016 of the Government), and incentives on exemption and reduction of land rent (according to Decree No. 103/2024/ND-CP stipulates land use fees and land rental fees of the Government).
• Being allocated clean land to implement projects, being exempted from land rent during the entire operation period for socialized projects.
• Being supported with funding to implement investment projects on construction and business of industrial cluster infrastructure.
• Being supported with funding to implement investment projects in agriculture and rural areas.
• In addition to general investment incentive policies, for large-scale and important projects, Quang Nam province will coordinate with investors to study and submit to the Government for application of specific incentive policies.

Conclusion

Quang Nam stands as a dynamic region with diverse opportunities for investment and development. Its strategic location, rich cultural and natural heritage, rapidly growing economy, and continuous infrastructure improvement create a favorable environment for both domestic and foreign investors. With a strong focus on sustainable growth, Quang Nam is poised to remain one of Vietnam’s most promising provinces in terms of investment, economic diversification, and tourism. Investors seeking opportunities in manufacturing, agriculture, tourism, and infrastructure development will find Quang Nam to be a highly attractive destination for business expansion and growth.

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References

Department of Finance of Quang Nam Province. (3/11). C?ng th?ng tin h? tr? doanh nghi?p t?nh Qu?ng Nam. https://htdn.quangnam.gov.vn/Default.aspx?tabid=78&Group=7&NID=83&cac-co-che-uu-dai-dau-tu-tren-dia-ban-tinh-quang-nam

Ho, G. (2025, February 10). Báo VietnamNet. VietNamNet News. https://vietnamnet.vn/en/central-provinces-economy-grows-impressively-in-2024-2369514.html

Hoang, B. (2025, January 10). Quang Nam’s economy makes impressive comeback. https://news.laodong.vn/kinh-doanh/kinh-te-quang-nam-nguoc-dong-an-tuong-1448319.ldo

Thoi. (2025, January 16). Qu?ng Nam v?i m?c tiêu tr? thành t?nh phát tri?n khá c?a c? n??c vào n?m 2030. https://baotintuc.vn/thoi-su/quang-nam-voi-muc-tieu-tro-thanh-tinh-phat-trien-kha-cua-ca-nuoc-vao-nam-2030-20250116135932235.htm

Van G. (2024, November 30). Quang Nam’s economy grow by 7.2% estimatedly in 2024. en.baoquangnam.vn. https://en.baoquangnam.vn/quang-nam-s-economy-grow-by-7-2-estimatedly-in-2024-3145085.html