There has been much success in improving the business environment and attracting investment in the center. There are many projects licensed for investment with a total registered capital of nearly 13.8 trillion VND and 7,500 employees. Many projects have been implemented. Each officer and Party member must regularly innovate and promote creativity to develop Quang Ngai into a friendly, safe and successful destination for investors ”.

The central key economic region still faces many difficulties and favorable conditions for rapid and sustainable development, weaker infrastructure and human resources, but a large transit port, tourism development and many heritages. gender is an advantage. With low investment costs, the central key economic region has become an attractive destination for domestic and international investors.

Located in the central key economic region, Quang Ngai province always orientates and chooses industrial development as a breakthrough task in socio-economic development. However, the supporting industry (CNHT) of Quang Ngai province has not met the demand for raw materials and auxiliary materials for production in terms of quantity and quality. The focus on the development of supporting industries is an important driving force to thoroughly and comprehensively solve these problems, promoting the development of the industry.

Strength in industrial development

The main industrial strength of Quang Ngai is the petrochemical refinery industry with Dung Quat refinery also the first oil refinery in the country, currently the plant is implementing an expansion project, increasing capacity from 6, 5 million tons / year to 8.5 million tons / year. Next is the mechanical engineering and metal manufacturing industry, which thrives thanks to the advantage of deep sea ports: Doosan Vina's heavy industrial equipment products such as boilers for thermal power plants, cranes loading and unloading shafts for seaport systems, equipment to treat seawater into fresh water ... exported to many countries around the world; Hoa Phat - Dung Quat Steel Production Complex project, scale of 4 million products / year. The food, beverage and wood processing industry is also an industry in Quang Ngai province that has strengths thanks to its nearly 130 km long coastline, wide fishing grounds, and soil suitable for growing some industrial crops such as trees. sugarcane, noodles, hybrid acacia ... with famous products such as RS Sugar, Fami Soy Milk, Wheat Starch, processed seafood ... Along with the above processing and manufacturing industries, there is also ship building and repairing industry. at fishing ports, especially building steel ships and ships made of composite materials, with an average capacity of steel hull ships of 285CV / unit and composie ships of over 800CV / unit ... The South has a potential to develop the gas power industry. Currently, Quang Ngai province is preparing conditions to build three gas power plants in Dung Quat EZ with a capacity of 750MW / plant, expected to be completed and put into operation in the period of 2021-2025.

Many shortcomings in supporting industry development

Quang Ngai province initially formed a number of supporting industries such as mechanical engineering, textiles, footwear, electronics - informatics, wood processing, paper. Dung Quat Economic Zone, Tinh Phong Industrial Park, Quang Phu, VSIP Quang Ngai has made important contributions to create a driving force for the development of industrial support but are in the early stages, with many limitations. Currently, the production of finished products is largely based on the use of imported raw materials and components, a few businesses, small-scale and can only participate in areas that do not require technical and skilled skills. . The localization rate in the product value structure is low, so it has not attracted investment from many multinational corporations.

Dr. Duong Dinh Giam - Vietnam Economic Science Association said: Despite the development in recent years, the supporting industries of Quang Ngai are only in the early stages of development. Production of finished products based on imported raw materials, auxiliary materials and components accounts for a large proportion; Some industries are still using 100% of imported raw materials and components because SI has not met the demand. The number of industrial support enterprises in the province is small, with small scale, production capacity, capital and technology is limited. Most of the SI enterprises in the province have not participated in the supply chain of FDI enterprises operating in Vietnam. The localization rate in the product value structure accounts for a low proportion ...

Mr. Ho Duc Tho - Deputy Director of Hoa Phat Dung Quat Steel Company - said that some supporting industries in the province have not met the company's needs, many services have to hire foreign contractors. or another locality. The management board and Quang Ngai province need to step up further in attracting investment, with incentives, to increase the attraction of businesses here.

The support policies and incentives for the development of supporting industries issued by the Government in Decree 111/2015 have not had a strong impact so far. The lending procedures for banks are still cumbersome; It is difficult for SI enterprises to access to expand production and business. The human resources of the province have not met the development requirements of supporting industries. All these limitations need to be overcome soon in order to improve the investment environment.

Standing Vice Chairman of the Provincial People's Committee Nguyen Tang Binh said that localities in the Central Key Economic Zone have nearly the same potentials and strengths, so in the process of developing industrial support, competition cannot be avoided. brake each other. The fourth industrial revolution is having a strong impact on all global socio-economic fields, requiring state agencies to play an important role in leading, guiding and supporting. Enterprises improve their adaptability and anticipate trends in new situations.

At the same time, it is necessary to develop, promulgate and effectively implement solutions to improve the capacity of supporting enterprises in the locality; increase labor training, especially high-quality workers and mobilize resources to organize the provision of public services, post-investment social services, to meet the needs of SI enterprises.

In addition, Quang Ngai province also researched to form a human resource training support fund for supporting industries, calculating plans to support training costs. To encourage foreign-invested enterprises to participate in human resource training; Building cooperation training includes: training institutions, supporting businesses and foreign partners. Adjusting preferential policies for high quality human resources in terms of wages, allowances, housing, vehicles ...