Business

Nghe An to attract 100 projects this year

The central province of Nghe An hopes to attract at least 100 projects with a registered capital of 20 trillion VND (952.38 million USD) in 2015, said Vice Chairman of the provincial People’s Committee Le Ngoc Hoa.
The central province of Nghe An hopes to attract at least 100 projectswith a registered capital of 20 trillion VND (952.38 million USD) in2015, said Vice Chairman of the provincial People’s Committee Le NgocHoa.

The official said he expects the new projects will provide jobs for 10,000-12,000 people.

According to its recent investment attraction strategy, Nghe An willcall for investment in crucial infrastructure facilities, such as theCua Lo and Dong Hoi ports.

It will prioritiseprojects in for-export manufacturing, mechanics, processing, buildingmaterial production, trade and tourism services, high-tech agriculture,forestry development, and hospital construction, Hoa said.

The province has opened the door to both domestic and foreigninvestors and will seek those with experience and financial strengthsuch as groups, corporations and companies with a nationwide reach andfrom developed economies like Japan, the Republic of Korea, Singapore,Israel, the US, France, the UK, and Germany, he added.

The Vice Chairman continued to say that Nghe An is working to improvethe local investment climate and competitiveness while making the bestuse of support from the State and foreign organisations to attractinvestment.

It currently houses 776 projects,including 733 run by domestic investors with over in capital. The other 43 projects are foreign investments.

Some major operational projects include dairy cow farming and milkprocessing by the TH-True milk company, the Sabeco packaging factory,and the Ban Ve hydropower plant.-VNA
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