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.

He made the remark at the first conference promoting investment into the province in Dong Hoi city on April 5. The event drew nearly 200 representatives from Vietnamese and foreign businesses.

Chairman of the provincial People’s Committee Nguyen Huu Hoai presented local strengths and investment conditions as well as challenges, in order to suggest investment directions for the business circle.

He pledged to provide investors with the best possible policies regarding tax incentives for land use and business income, and for the support of workforce training and infrastructure building, among others.

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

At the conference, the entrepreneurs mentioned Quang Binh’s strengths and weakness and proposed policies favouring investment to be taken by local authorities.

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