VSIP Nghe An design (Source: VNA)

Nghe An (VNA) – The central province of Nghe An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018.

In January, the province licensed three projects worth 20.37 billion VND (902,391 USD). So far, the Vietnam-Singapore Industrial Park in the province has attracted 420 billion VND (18.6 million USD) from 11 investors who occupy 7.6 hectares of industrial area and 2,500 square metres of ready-built factories. Of which, eight projects have been licensed.

This year, the province will prioritise investment in its key projects, while coordinating with investment promotion agencies to lure big projects.

Along with effectively operating the provincial Centre for Investment Promotion and Support, Nghe An has launched one-door system serving investors and assisting them during their investment process.

At the same time, the province has applied information technology in processing investors’ requests, thus enhancing transparency and responsibility of local agencies. Meanwhile, it has also worked to remove obstacles facing underway projects.

Currently, the province is supporting investors to speed up administrative procedures for a number of projects, including FLC eco-tourism and resort, Quynh Lap 2 thermal power plant invested by Posco Group of the Republic of Korea, and Hoang Mai 2 industrial park of Kovinet, another RoK investor.-VNA