(VOVworld)- The Dung Quat Economic Zone in Quang Ngai and the Chu Lai Open Economic Zone in Quang Nam have attracted a large number of Vietnamese and foreign investors. 10 years ago, the two provinces signed a cooperation agreement to support the growth of the two economic zones.

Chu Lai Open Economic Zone

The 10km coastal route connecting the two Economic Zones has facilitated transportation between them while National Highway 1A, the North-South railway, and the Da Nang-Quang Ngai Expressway connect the region with other provinces and cities in Vietnam. Quang Nam and Quang Ngai province have focused their investment in seaports and have agreed that Quang Nam’s ports will receive small cargo ships while big container ships will dock at the deep sea ports of Quang Ngai.

Doosan Vina's factory in Dung Quat Economic Zone - Photo: Thanh Long (TTXVN)

The 3,400 ha Chu Lai airport in Quang Nam province is being used by Vietnam Airlines, Vietjet Air and Jetstar Pacific offering 34 flights per week to and Hanoi and Ho Chi Minh city. Do Xuan Dien, Director of the Chu Lai Open Economic Zone’s Management Board, says that the two provinces agreed the sectors of investment to avoid overlap: “The sectors that have proved to be effective in Quang Ngai are not invested in Chu Lai and vice versa. This keeps investment in Quang Nam from overlapping in Quang Ngai or Da Nang.”

The Chu Lai Open Economic Zone and Dung Quat Economic Zone have been chosen as the location for Vietnam’s first oil refinery center. Mr. Le Viet Chu, Secretary of the Quang Ngai Provincial Party Committee, says close cooperation will boost local economic restructuring: “The Prime Minister has asked the two provinces to strengthen cooperation  in extracting gas from the Blue Whale gas field which spans Quang Nam and Quang Ngai province.”

The number of investors in the two economic zones has increased in recent years thanks to incentives in land rent and human resource training.