Measures to further attract foreign direct investment (FDI) intosouthern provinces are the focus of a conference that took place in thecentral province of Binh Dinh on April 18.
Atthe event, representatives from economic, industrial and processingzones of 32 central and southern localities proposed solutions toimprove investment environment so as to draw more FDI into the region.
Suggestions focused on introducing investment incentives, empoweringlocalities to license foreign-invested projects, perfectinginfrastructure system along with increasing human training, and boostingadministrative reforms.
Delegates reachedconsensus on the need to take the mentioned-mentioned measures topromptly increase the competitiveness in FDI attraction.
The 32 provinces ranging from the central city of Da Nang to thesouthernmost province of Ca Mau cover an area of 162,664 sp.kilometres, representing 49.3 percent of the country’s total area.
As of 2012, over 180 industrial and economic zones in these localitiesattracted 3,378 FDI projects with total registered capital of around 49billion USD.
However, the figure is considered not equivalent to the localities’ natural and economic potentials.
Industrial and economic zones, which are generating jobs, helpingincrease state budget, expanding markets, and bolstering trade are thedriving force to boost national socio-economic development.
However, because of their poor infrastructure, many industrial andeconomic zones in the localities are failing to attract large foreigninvestors.-VNA
Atthe event, representatives from economic, industrial and processingzones of 32 central and southern localities proposed solutions toimprove investment environment so as to draw more FDI into the region.
Suggestions focused on introducing investment incentives, empoweringlocalities to license foreign-invested projects, perfectinginfrastructure system along with increasing human training, and boostingadministrative reforms.
Delegates reachedconsensus on the need to take the mentioned-mentioned measures topromptly increase the competitiveness in FDI attraction.
The 32 provinces ranging from the central city of Da Nang to thesouthernmost province of Ca Mau cover an area of 162,664 sp.kilometres, representing 49.3 percent of the country’s total area.
As of 2012, over 180 industrial and economic zones in these localitiesattracted 3,378 FDI projects with total registered capital of around 49billion USD.
However, the figure is considered not equivalent to the localities’ natural and economic potentials.
Industrial and economic zones, which are generating jobs, helpingincrease state budget, expanding markets, and bolstering trade are thedriving force to boost national socio-economic development.
However, because of their poor infrastructure, many industrial andeconomic zones in the localities are failing to attract large foreigninvestors.-VNA
