In 2024, the index of industrial production (IIP) of Quang Ngai province was estimated to reach 102.3 per cent, an increase of 2.3 per cent year-on-year.
Many projects and enterprises in the province continue to maintain and develop production, business, and expand markets.
The industrial production value was estimated at about 157 trillion VND, up 2.5 per cent year-on-year, exceeding 15.2 per cent of the plan. Among them, the industrial production value from petrochemical products was estimated at 51.4 trillion VND, up 16.2 per cent compared to the plan, while the industrial production value outside of petrochemical products was estimated at nearly 106 trillion VND, up 14.7 per cent compared to the plan.
The export turnover in 2024 was expected to reach over 2.55 billion USD, and import turnover at 4.1 billion USD.
In order to promote industrial production, in recent times, the province has focused on implementing administrative reform solutions to improve the investment and business environment, creating conditions for businesses to access the market.
Agencies and units have also promoted propaganda and supported the application of technology in the field of business registration on the National Information Portal, saving time and costs for organizations and individuals.
In 2024, the province attracted three foreign investment projects with a total registered investment capital of more than 508 billion VND (equivalent to 20.61 million USD), and approved investment policies for five domestic investment projects with a total registered capital of 3,013 billion VND.
It is expected that there will be 720 newly established enterprises by the end of 2024.
Implementing the Provincial Planning for the period 2021 - 2030, with a vision to 2050, the province has agreed to implement the Project to Upgrade and Expand the Traffic Infrastructure System in Dung Quat Economic Zone (EZ), ensuring smooth connection between Dung Quat EZ and surrounding areas, with a total estimated investment capital of 350 billion VND.
In the time to come, the province will continue to accelerate the completion of key projects, promptly handle and resolve difficulties and obstacles for businesses and people, Especially, Quang Ngai will support and create favorable conditions for investors to implement the projects, including the Upgrading and Expanding Dung Quat Oil Refinery, Hoa Phat-Dung Quat 2 Iron and Steel Complex, and Dung Quat I, Dung Quat II, Dung Quat III Combined Gas Turbine Power Plant projects.
In addition, the province will promote the attraction of industries and sectors in the fields of steel, production of post-steel products, mechanical engineering, port logistics service, logistics services, etc..
The province will develop Dung Quat Economic Zone into a port service center with full capacity to meet the development needs of the region.
Minh Thiện
