Dong Nam Economic Zone in Nghe An province (Photo: baonghean.vn) HCM City (VNA) – The north central province of Nghe Anpromoted its advantages to potential investors at a conference in Ho Chi MinhCity on September 20.
The north-centralprovince is calling for investment in 117 projects in areas such as infrastructureconstruction, real estate, tourism, trade, leather and footwear, seafoodprocessing, power generation, electronics, information technology, supportingindustries, the auto industry, and food processing.
Thai Thanh Quy, chairman of the provincial People’s Committee, said Nghe An is one of thefew provinces to have established an investment promotion and support centreunder its People’s Committee. It serves as a one-stop agency and helps ease theway past procedures for investors.
The authorities also actively engage in direct dialogue withthe business community to resolve their problems quickly.
Beside preferential tax and land policies, Nghe An also haspolicies to support investors such as supporting in subsidising compensationpaid for land acquired for industrial zone infrastructure, investment intransport infrastructure and others.
Along with support policies, the provincial authority hasbeen accelerating planning for infrastructure development, especiallytransportation, to ensure easy movement of goods and services.
Nghe An has emerged as a hot investment destinationeven as many areas in the north and south have shown signs of saturation, andan increasing amount of capital has been flowing into the province in recentyears.
Experts pointed out this is also due to its enormous effortsto build infrastructure and improve the investment climate and businesscondition.
The increasing investment has helped the province moderniseits economic structure, almost triple revenues in less than a decade and createtens of thousands of jobs.
However, its large projects are still mostly domestic and theprovince is aiming to further attract foreign investment.
The province has attracted 927domestic and 53 foreign projects worth 276 trillion VND (12.1 billion USD) in the last 10 years, including a 1.2 billion USD dairy farm by THMilk Food JSC, a 1 trillion VND high-tech pig farm by Masan Nutri – Farm andsome major hydropower plants, the provincial People’s Committee’s report said./.
