So far, the province has attracted 316 projects worth more than VND68 trillion (nearly US$3 billion), of which 208 were put into operation.

According to Tran Doan, head of the provincial management board of economic zones, 20 more projects worth over VND82 trillion (US$3.6 billion) will receive investment licenses in the time to come.

Local leaders have organised many working delegations to promote investment and worked with strategic investors to attract these projects so as to foster socio-economic development, generate more jobs and increase the locality’s budget collection.

The province has cut down the number of small projects which require large land areas and cause environmental pollution.

Attention has been paid to improving its investment climate by building an attractive, open and transparent environment.

Quang Tri also signed memoranda of understanding on cooperation in building a Vietnam-Singapore Industrial Park (VSIP) in the locality with Singapore’s Sembcorp Group and Vietnam’s Becamex Investment and Industrial Development Corporation (Becamex IDC).