The People’s Committee established the Center for Investment Project Development under the Investment and Planning Department and issued Decision No13/2003/QĐ-UB on preferential policies encouraging investments in Quảng Nam. On 14 May 2003, the People’s Committee issued Decision No 40/2003/QĐ-UB on promulgation of preferential policies to encourage investments and manage industrial groups. On  6/6/2003, the People’s Committee issued Decision No 51/2003/QĐ-UB stipulating mechanism encouraging exports from the province.

The preferential policies encouraging investments in Quảng Nam are likely to attract investments and support business development, particularly in the private sector. For projects under preferential policies, investors are exempted from land lease payments during the project’s operation as well as tax obligations. Subsidies are partly funded from the Development Supporting Fund and include preferential lending, interest subsidies and the application of land use values to capital contributions in joint ventures. The province also provides financial support to businesses that provide training or engage in export activities. Other favorable conditions include disclosing the social-economic development plans, which is a milestone for attracting businesses and investors in and outside province. Agencies provide information and data on the environment, social-economic situation and preferential policies for investment. Investors are supported when selecting a suitable location for investment in line with the socio-economic development plan of province. The province holds or jointly organizes workshops and conferences with investors introducing its potential and preferential policies of investment. Every year the People’s Committee holds meetings and dialogues with businesses aiming to solve their difficulties. The People’s Committee encourages and rewards investors who have contributed to social-economic development and promotes business development by providing a level playing field. In this way businesses maintain confidence in local leadership work to implement the province’s economic growth rate targets.

Over the last two years to help develop the private sector the province has invested a thousand million VND from many sources (targeted government programmes, sector budgets and capital and ODA) in road construction, electricity, vocational centers, dykes for aquaculture cultivation, traditional villages and industrial zones. On 15/7/2003 the People’s Committee issued Decision No 2839/2003/QĐ permitting the establishment the Quảng Nam Business Club to build business confidence and promote cooperation between businesses.

Quảng Nam’s Provincial Competitiveness Index score (initiated by VNCI, Vietnam Competitiveness Initiative, and funded by Unsaid) is 59,72, which is higher than the national average but average for the region. The VNCI survey of local businesses shows that Quảng Nam is strong on policy execution and close cooperation between the local and central level. Other strengths are private sector development polices, including trade promotion, business consultation, legal information and linking business partners with labor training programs. Quảng Nam also actively manages the business environment resulting in the efficient implementation of central government decisions and innovative and flexible solutions for businesses. The key objective of Quảng Nam is to gradually improve the transparency in planning, decision making as well as the relationship between business and authorities when addressing administrative procedures related to business performance.