Business

Conference promotes investment into Quang Binh

Deputy Prime Minister Nguyen Xuan Phuc has asked the central province of Quang Binh to draw up a concrete road map for implementing registered projects in order to boost local socio-economic development.
Deputy Prime Minister Nguyen Xuan Phuc has asked the centralprovince of Quang Binh to draw up a concrete road map forimplementing registered projects in order to boost local socio-economicdevelopment.

He made the remark at the firstconference promoting investment into the province in Dong Hoi city onApril 5. The event drew nearly 200 representatives from Vietnamese andforeign businesses.

Chairman of the provincialPeople’s Committee Nguyen Huu Hoai presented local strengths andinvestment conditions as well as challenges, in order to suggestinvestment directions for the business circle.

Hepledged to provide investors with the best possible policies regardingtax incentives for land use and business income, and for the support ofworkforce training and infrastructure building, among others.

There are 276 registered projects in the province at present, with atotal capital of some 100 trillion VND (4.8 billion USD), Hoai added.

At the conference, the entrepreneurs mentioned QuangBinh’s strengths and weakness and proposed policies favouring investmentto be taken by local authorities.

On this occasion,the People’s Committee granted investment licences to 13 projectstotalling over 8.5 trillion VND (404.8 million USD) and inked eightinvestment memoranda of understanding worth 10.8 trillion VND (514.3million USD).-VNA
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