Vietnam’s Central Key Economic Region in 2022
The central KER includes five provinces and cities: Thua Thien Hue, Quang Nam, Quang Ngai, Binh Dinh, and Da Nang. This is the third-largest economic region in Vietnam. This region has a vast seaport, which offers great potential for shipping and tourism.
The contribution of all five provinces to the GRDP is relatively even with an average of 20 percent. Da Nang is currently leading with a growth rate of more than 14 percent.
The central KER showed a growth rate of 17.1 percent in import and export turnover over the previous year. Particularly, Quang Nam which reached US$7.4 billion making it the regional leader, accounting for 35.6 percent of the region’s total trade turnover.
As for FDI, Central KER received US$531, or 2 percent of Vietnam. With a 47.7 percent share of the total registered investment capital, Thua Thien Hue now leads the region. However, in terms of the total number of newly registered projects, Da Nang accounted for 47 of a total of 64 projects.
Investments in Vietnam’s Central Key Economic Region in 2022
KURZ Group
KURZ Group from Germany is set to establish a high-tech emulsification and thin film factory project in VSIP Binh Dinh Industrial Park. Its total investment will be some US$40 million.
Source: Vitenam Breifing