So far this year, the central province of Nghe An has attracted 34 new investment projects with a combined capital of nearly 9.7 trillion VND (about 455 million USD).

However, the provincial People’s Committee held that the attraction failed to meet expectation as the land clearance is still slow, the implementation of the projects stagnant, and the completion of dossiers cumbersome.

In order to improve the efficiency and attractiveness, Nghe An is taking bold measures to promote investment and help investors iron out difficulties. Relevant authorities have been maintaining cooperation with representative offices of Japan , Republic of Korea and Taiwan as well as the Ministry of Planning and Investment.

On the other hand, they are also asking localities to review and revoke slow-progressing projects to hand the land to capable investors, accelerate the disbursement of the capital, and improve infrastructure in service of the projects.

Authorities have defined the improvement of the investment environment and administrative reform as their key tasks to attract more investment in the time to come.-VNA