Resilience of Quang Ngai Industry

10:29:13 PM | 31/7/2012

The face of Quang Ngai province industry has changed a lot thanks to impressive groundbreaking developments. This success partly comes from strong internal strength, endurance and patience in industrial development.
Nguyen Xuan Thuy, Director of Department of Industry and Trade of Quang Ngai province, said: After five years implementing Resolutions 02 and 03, the industrial sector of Quang Ngai province has witnessed dramatic development steps, played core roles in socioeconomic development, and left positive impacts on urban development, economic restructuring and labour structure of the province. The contribution of industrial sector to GDP increased 30 percent in 2005 to 46.12 percent in 2010, thus raising overall contribution of industrial and construction sectors from 28 percent in 2005 to 54 percent in 2010. Industrial production value expanded 52.78 percent a year on average, more than three times higher than in 2001 – 2005. Many licensed projects were carried out faster to be put into operation sooner with modern equipment and technology. With high product quality, many local products have secured strong footholds in the market and expanded their presence in export markets. Typical companies are Thuyen Nguyen Import, Export and Trading Co., Ltd, Quang Ngai Sugar JSC, Dung Quat Brewery Company, Biscafun Confectionery Company and Vinasoy.
Industrial zones in Dung Quat Economic Zone have attracted many large investment projects. Industrial development policies are applied to generate a favourable legal environment for development investment. Industrial development planning is deployed in time to meet development requirements in the new period. Especially, the Dung Quat oil refinery, the first of its kind in the country, is considered a bright star on the sky of Quang Ngai industry.
Infrastructure in Dung Quat Economic Zone was effectively invested. Dung Quat Port and important trunk roads, electricity supply grids, water drainage systems, solid waste treatment facilities were synchronously invested. The province is also completing infrastructure items in eastern industrial parks, Saigon - Dung Quat Industrial Section, and residential zones.
Intensive and extensive development
To continue creating stronger breakthroughs in the next phase, Quang Ngai Provincial People's Committee has approved the industrial development scheme for the 2011 - 2015 period, with vision towards 2020. The scheme aims to develop the modern industry in both intensive and extensive dimensions at high speed and with high efficiency and sustainability. This will help restructure the local economy, and labour force in line with the Quang Ngai socio-economic development master plan towards 2020, and central region and national economic development. This will accelerate the realisation of the objective that Quang Ngai will become a basically industrialised province by 2020.
According to this scheme, industrial and construction value will account for over 61 percent of the province’s GDP by 2015, and over 67 percent by 2020. Industrial production value will expand 17 - 18 percent a year on average in the 2011 - 2015 period and 10 percent a year in the 2016 - 2020 period. Industrial production value is forecast to reach VND40 trillion by 2015 and VND64 trillion by 2020. Some key tasks of industrial development from now to 2015 are to develop petrochemical, metalworking, shipbuilding, electronics, information technology, mining, mineral processing, material construction, textile - garment, leather - footwear, electricity, water, agricultural - forestry and aquatic product processing, food and drink industries. The province will expand the development of industry and handicraft in rural areas.
The nucleus of industrial development process of the province remains Dung Quat Economic Zone. This economic zone will focus on attracting petrochemical refining, mechanical engineering, chemical, steel rolling, shipbuilding and key industries aimed to promote deepwater ports. Dung Quat will be developed into a general economic zone where Dung Quat oil refinery will increase its annual output to over 10 million tonnes of petroleum product and form a petrochemical refining complex. The zone will draw US$13 billion by 2015, of which US$8 billion will be disbursed by investors by that time. Companies in the zone will pay VND15 trillion to the State Budget and generate 20,000 jobs. Cargo throughput at Dung Quat ports will reach 25 million tonnes.
By 2020, Quang Ngai province will speed up the development of advanced industries, environment-friendly industries, and highly valued industries. It will gradually expand industrial production scales and step up technological innovations of businesses.
Thanh Trung