Nghe An expects to lure VND100 trillion of investment capital

January 05, 2015 | 10:09

(0) user say

Nghe An central province has set a target to attract around VND100 trillion of invested capital, including VND50 trillion from foreign direct investment (FDI) in the 2015-2020 period.

To this end, the province will implement consistent measures to lure investment projects, considering it a key task to spur local socio-economic development.

It will facilitate investors’ operation by establishing land funds, giving incentives and supporting them in recruiting workers and building raw-material areas.

It will continue improving the investment environment, aiming to top the list of 30 provinces and cities nationwide in provincial competitiveness index (PCI).

Currently, the province is calling for investment into agro-forestry, fishery and industry which are the provincial strength.

Last year, Nghe An licenced 105 investment projects worth more than VND18,500 billion, a rise of 45.83% in number projects and 43.74% in capital against a year earlier. The projects have been put into operation and generated 8,000 jobs.

Some large-scale projects which are being carried out in the province include Hanoi-Kim Liem urban and hotel complex (VND720 billion), Lan Chau-Song Ngu eco-tourism complex (VND1,969 billion), Thanh Thanh Dat wharf (VND560 billion), Masan Food project (VND1,200 billion), Ton Hoa Sen (VND2,300 billion), Nguyen Kim supermarket (VND550 billion) and Vingroup (VND2,392 billion).

VOV

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional