Business

Northern central region seeks investors

The northern central region's potential infrastructure, energy and support industry as well as human resources will be highlighted at a conference on October 17 in Vinh City in Nghe An province.
The northern central region's potential infrastructure, energy andsupport industry as well as human resources will be highlighted at aconference on October 17 in Vinh City in Nghe An province.

According to Do Nhat Hoang, head of the Foreign Investment Agency (FIA)under the Ministry of Planning and Investment, the conference will beorganised by the Ministry of Planning and Investment in collaborationwith six northern-central provinces.

Prime Minister NguyenTan Dung will attend the event, which is expected to attract more than500 delegates including officials from the Ministry of Planning andInvestment, Ministry of Transport, Ministry of Labour, Invalids andSocial Affairs, Ministry of Industry and Trade, World Bank, PetroVietnamand JETRO, as well as domestic and foreign businesses.

Hoang said the conference is an important economic event for domesticand foreign enterprises to seek investment opportunities.

The northern-central region is seen as a potential destination for tourism and investment in many sectors.

At the conference, the Prime Minister will speak about sustainabledevelopment in the northern central region as it is related to thesocio-economic development strategy for the 2011-20 period..

The northern central region consists of six provinces, namely Nghe An,Thanh Hoa, Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue, with atotal area of more than 50,000 square kilometres and a population of 10million.

As of September 26, the region had attracted 243investment projects with registered capital of 19.9 billion USD,accounting for 10 percent of the country's Foreign Direct Investment.

Although the total investment capital is still modest, it shows thatinvestors continue to tap the tremendous potential in this region.

Hoang said the region is strong in many areas, including Ha Tinhprovince, which is known as a steel industry centre in Southeast Asia .

Thanh Hoa is an oil refinery centre and has an advantageto develop the electricity production industry. Nghe An is suited forairports, wharves and the industry and service sector.

Thua Thien Hue province's priorities are tourism and healthcaretraining. Quang Binh and Quang Tri provinces, have faced difficultiesbut have potential in tourism and industry./.
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