Attracting investment into the coastal economic zones of the Central Key Economic Region

Abstract

The Central Key Economic Region, consisting of five provinces/cities, was established under Decision No. 148/2004/QĐ-TTg dated August 13, 2024. As of now, the region has four coastal economic zones, including: Chan May – Lang Co, Chu Lai, Dung Quat, Nhon Hoi. Since their establishment, the coastal economic zones have made significant contributions to the socio-economic development of localities within the region, such as attracting investment, creating jobs, and increasing local budget revenue. The coastal economic zones of the region play a crucial role in attracting both domestic and foreign investment. To date, these zones have attracted more than 700 investment projects (including over 130 FDI projects), with a total registered capital of nearly VND 600 trillion, creating jobs for nearly 100,000 workers. However, the coastal economic zones of the region have not yet developed in line with their potential and the set goals, especially the Chan May-Lang Co and Nhon Hoi economic zones. In response to these challenges, the article proposes several solutions to enhance investment attraction into the coastal economic zones of the Central Key Economic Region.