North central region calls for investment

A conference was held in Nghe An province on Oct. 17 to call for more investment in the north central region.
A conference was held in Nghe An province on Oct. 17 to call for more investment in the north central region.

Representativesfrom a number of ministries, embassies and international organisationsjoined almost 1,000 local and foreign businesspeople at the event.

The north central region includes six provinces, namely Thanh Hoa,Nghe An, Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue. Theseprovinces now have 189 valid FDI projects, with a combined registeredcapital of 19.1 billion USD, accounting for 10 percent of the country’sFDI.

However, the results have yet to match theregion’s potential as the FDI projects mainly focus on heavy industry,seaports and tourism, while the region’s strengths in forestry,agriculture and fishery have not been fully tapped.

Speaking at the conference, Deputy Prime Minister Nguyen Xuan Phuc askedministries, branches and investors to seek solutions to help the regiondevelop in a sustainable and dynamic way.

He also asked thelocalities to continue improving their investment environments, fightcorruption in investment attraction and formulate more policies toencourage foreign investors.

The Deputy PM expressedhis hope that, with support of the Party and State as well as theefforts of the provinces, the north-central region would become anattractive destination for both domestic and international investors./.

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