Investment capital to Quang Tri surges 10-fold since start of 2021
As of mid-November, the central province of Quang Tri had granted investment licences to 56 projects with total registered capital of nearly 69.6 trillion VND (3.05 billion USD), up 10-fold against the same period last year.
As of mid-November, the central province of Quang Tri had granted investment licences to 56 projects with total registered capital of nearly 69.6 trillion VND. (Illustrative photo: VNA)
Quang Tri (VNA) – As of mid-November, the central
province of Quang Tri had granted investment licences to 56 projects with total
registered capital of nearly 69.6 trillion VND (3.05 billion USD), up 10-fold
against the same period last year.
The increase was attributed to Quang Tri’s efforts in COVID-19 prevention and control and maintaining socio-economic development. The province has also bolstered administrative reforms and support for investors.
The energy sector attracts the highest amount of capital,
particularly wind and gas-fired power.
Since the start of this year, Quang Tri has given in principle approval to a number
of major wind power projects, namely the Huong Linh No.5 with more than 1.34
trillion VND and Huong Hiep No.2 worth 1.37 million VND.
As many as 17 wind power projects in the province were put
into commercial operations before November 1 to enjoy the Government’s
incentive, said Chairman of the provincial People’s Committee Vo Van Hung.
In regards to gas-fired power, in October, local authorities
granted permission to the Hai Lang LNG power centre project – first phase, with
a capacity of 1,500MW and registered capital near 53 trillion VND.
The project, located at the province’s south-east economic
zone, is expected to come into commercial operation by 2026-27./.