Steel sheets of the Hoa Sen factory, based in Dong Hoi Industrial Park of Nghe An province, are delivered to a vessel for overseas shipment (Photo: VNA) Nghe An (VNA) – The central province of Nghe Anwill cooperate with investors to build infrastructure in local industrial parkswith the aim of filling those IPs with secondary investors in 2019.
This is part of the province’s strategy towards the goal ofattracting between 20-25 trillion VND (860 million – 1.08 billion USD) worth ofinvestment this year, including 3 -5 trillion VND of foreign direct investment(FDI).
The provincial administration plans to intensifyadministrative reform, particularly in procedures related to investment,construction and land use.
More attention will be paid to on-the-spot investmentpromotion activities, while close guidance and prompt assistance will beprovided to signed projects so as to accelerate their pace.
Several large-scale investment projects in Nghe An are beinghindered by bottlenecks in investment procedures, such as the 10.5 trillion VNDresort and entertainment complex by FLC group in Nghi Loc district, and thephase-two Vinpearl Cua Hoi resort complex worth 4.36 trillion VND.
Nghe An has so far lagged behind other localities inattracting investment, due to its underdeveloped economy, poor infrastructureand an inconvenient location far from development hubs.
In addition, administrative procedures are still cumbersome,particularly those related to land use. Most support for investors stop afterthe approval of projects, and local authorities have not paid sufficientattention to supervising and assisting the implementation of projects, thusfailing to timely addressing problems arising during the process.
Becoming aware of those issues, the provincial authorities willfocus efforts on overcoming the shortcomings this year.-VNA
