Thursday, August 17, 2017 - 5:03:38

Thua Thien-Hue supports FDI enterprises

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The People’s Committee of the central province of Thua Thien-Hue on May 28 held a seminar to seek way to support foreign-invested businesses operating in the locality.

According to Deputy Chairman of the provincial People’s Committee Phan Ngoc Tho, the province has tried to create a favourable investment and business environment for FDI firms.

Towards the target of attracting from 10 - 15 FDI projects with total registered capital at 150 million USD this year, the province is focusing on completing a land use plan, accelerating reforms of administrative procedures, particularly those related to FDI management, and increasing investment promotion activities.

Up to date, there have been 66 FDI projects worth nearly two billion USD operating in Thua Thien-Hue province. During the first quarter of 2013, local FDI enterprises earned 110 million USD in revenues, up 48 percent over the same period last year. They contributed 273 billion VND (some 13 million USD) to the state budget, an increase of 5 percent.

The province’s FDI projects are getting bigger in scale, and more diverse in fields, including garment and textile, tourism, food processing and beverage.-VNA
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