Thursday, August 17, 2017 - 15:03:16

Thua Thien-Hue moves to draw investors

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Practical measures will be taken for the central province of Thua Thien-Hue to attract 550 billion VND (25.5 million USD) in investment during the second quarter of this year, according to the provincial industrial zone (IZ) management board.

The capital will help increase occupancy rate in the province’s IZs and generate 500 new jobs, the board said.

The board promised to implement measures to help solve problems for investors such as site clearance and access procedures for land, electricity, and water serving production and business.

The board unveiled English, Japanese and Korean editions of promotion materials to help facilitate activities.

Since the outset of 2015, IZs in the province have attracted three new projects with a combined capital of 335 billion VND (15.5 million USD).

The IZs have attracted 94 investment projects to date—22 of which are foreign—with a combined registered capital of nearly 20 trillion VND (930 million USD).

Disbursed capital has reached 7.4 trillion VND (345 million USD), or 37.3 percent of the registered capital, and the occupancy rate at industrial zones is just 33 percent, according to the board.

In the first quarter, IZ-based firms produced 2.76 trillion VND (128 million USD) in value and contributed nearly 422 billion VND (19.6 million USD) to the state budget, up 40 percent from 2014.

Thua Thien-Hue has four IZs, namely the 185ha Phu Bai zone, Tu Ha and Phong Thu parks, each covering an area of 100ha, and the Chan May-Lang Co economic zone.-VNA
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