Province also signs deal with VCCI to promote investment.
Vingroup has invested VND500 billion ($23 million) in a commercial center project and a town house project in Quang Ngai province.
At the Investment Promotion Conference in the province on June 7 the projects were officially licensed by the Quang Ngai People's Committee.
At the conference Quang Ngai officials also granted an investment license to two projects of the Muong Thanh Corporation, with investment of $32.5 million.
The Vietnam Chamber of Commerce and Industry (VCCI) and the Quang Ngai People's Committee also signed a cooperative agreement at the conference that aims to coordinate and implement policies to support enterprises, gradually improve the investment environment, enhance competitiveness for enterprises, and promote the role of enterprises and entrepreneurs in the province.
In recent years both domestic and foreign investors have appreciated the development potential of Quang Ngai and affirmed that it has among the best policies in the country to attract and support investment.