Saturday, August 19, 2017 - 8:55:20

Thanh Hoa’s IPs aim to lure 15.6 trillion VND in investment

VNA Print

A view of the Nghi Son Economic Zone in Thanh Hoa province (Photo: VNA)

Thanh Hoa (VNA) - The Nghi Son Economic Zone and other industrial parks in the north central province of Thanh Hoa aim to lure 15.6 trillion VND (687.22 million USD) from domestic and foreign investors, and create jobs for additional 12,000 labourers, including 5,000 for the Nghi Son EZ, in 2017.

They target to earn an industrial production value of 39.1 trillion VND (1.72 billion USD) and export earnings of 490 million USD, and contribute around 3 trillion VND to the State budget.

To that end, Nguyen Van Thi, Head of the Management Board of the Nghi Son EZ and IPs said he has asked relevant bodies to accelerate such key projects as the Nghi Son Petrochemical Refinery Complex, Nghi Son 2 thermal power project, Gang Thep Nghi Son project, thus boosting economic development of the province and the region.

The investment climate will be improved, focusing on reforming administrative procedures.

In 2016, the management board licensed 46 domestic investment projects, worth nearly 10.3 trillion VND (453.74 million USD), and three foreign ones, with a registered capital of 39.8 million USD.

The figures raised the total domestic investment projects to 140 and foreign ones to 13, worth nearly 105 trillion VND (4.62 billion USD) and 12.16 billion USD, respectively.

Together, they produced over 33.74 trillion VND (1.48 billion USD) worth of products, an year-on-year increase of 30 percent, created jobs for over 11,000 people, with an average income per capita of nearly 5 million VND (220 USD).-VNA  
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