Business

Ninh Thuan seeks investors for 72 projects

The central coastal province of Ninh Thuan has called upon domestic and foreign investors to finance 72 projects in various sectors from now till 2020, according to the Ninh Thuan Economic Development Office (EDO).
The central coastal province of Ninh Thuan has called upon domestic andforeign investors to finance 72 projects in various sectors from nowtill 2020, according to the Ninh Thuan Economic Development Office(EDO).

Of these projects, 25 will be in theindustry sector, 20 in the fields of real-estate and construction, 11 intourism and services, 10 in agriculture, and six in the energy,education and healthcare sectors, it said.

Nui Chua, a high-endtourism complex covering 250 hectares (ha) in the Ninh Hai District, isone of the major projects as it will require a total capital of 5trillion VND (233.6 million USD), while a 560ha Phuoc Dinh residentialarea project in Thuan Nam district will cost 1.5 trillion VND (more than70 million USD).

Meanwhile, infrastructuredevelopment for the 1,000ha-Ca Na Industrial Zone in Thuan Nam districtwill need 5 trillion VND in investments.

Among otherlarge projects in need of investment capital of 5 trillion VND are theDoc Ham seaport in Thuan Nam district; the Ninh Phuoc district-locatedPhuoc Dan wind power plant capitalised at 1.3 trillion VND (60.75million USD); the development of a plant producing solar power equipmentwhich would cost between 400 billion VND (18.7 million USD) and 500billion VND (23.4 million USD).

Last year, Ninh Thuan reportedmodest results in attracting foreign direct investment (FDI) as itlicensed only two foreign-invested projects, worth a combined 12 millionUSD, said an official at EDO, who declined to be named.

He added that the province is aiming to attract 400 million to 500 million USD in FDI this year.

To this end, the province has joined hands with the Ho Chi Minh CityPeople's Committee to organise an investment promotion conference in thesouthern city next week.

The province's economy is mainly driven by energy, fisheries, processing, agriculture and tourism.-VNA
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