Nghe An to improve effectiveness of investment attraction

Nghe An (VNA) – The central province of Nghe An has implemented measures to lure more investments, including enhancing the role of the provincial centre for investment promotion, holding investment promotion activities and helping investors solve difficulties.

This year, the province will focus on improving its investment and business environment to create favourable conditions for investors by reforming administrative procedures, upgrading infrastructure system, training human resources and supporting investors.

Nghe An will also review and inspect the operation of already signed projects, while handling stagnant projects for new investors.

Since 2009, the province has held meetings with big domestic and foreign investors with the participation of top politicians.

Through nine years, many cooperation deals have been signed in both investment and social welfares, making significant changes in investment attraction.

At the meetings, Nghe An reached 93 investment deals worth 173.39 trillion VND (7.63 billion USD), while granting investment licences to 32 projects totaling 29.46 trillion VND (1.29 billion USD).

Major projects included 21 projects funded or provided consultancy by North Asia Bank with a combined capital of 65.69 trillion VND (2.89 billion USD). Of which, the most noteworthy was a 1.2 billion USD dairy cattle breeding and milk processing plant invested by TH Group.-VNA