Quang Binh expects to attract 4 billion USD in investment hinh anh 1Vice Chairman of the provincial People’s Committee Tran Tien Dung speaks at the press conference (Source: Dau tu online/VNA)
Quang Binh (VNA) – The central province of Quang Binh hopes to grant investment licences to and sign commitments to implementing many important projects with a total investment capital of up to 4 billion USD during an upcoming investment promotion conference.

The information was revealed at a press conference introducing the conference held in Dong Hoi city on June 29.

Accordingly, there will be a wide range of activities, including an investment promotion event in Singapore on July 5-8, a seminar on cooperation in developing tourism and connecting world heritages in Vietnam, and an official investment promotion conference on July 22.

Vice Chairman of the provincial People’s Committee Tran Tien Dung said during the conference, the province will release a list of 48 important projects in such areas as tourism, trade and services, eco-resort, agriculture, industry, health, education and infrastructure to call for investment between now and 2020.

Among those are a 400ha coastal tourism and resort complex in Quang Trach district with a total investment of over 1 trillion VND, a 3 trillion VND project to grow herbal and fruit trees in Le Thuy district, and a 5 trillion VND auto assembling plant.

The official hoped that through the event, investors will see potential and opportunities in the province and recognise it as an attractive destination of domestic and foreign businesses.

Earlier, at an investment promotion event in the Philippines on June 8-12 as part of the conference, Quang Binh signed two memoranda of understanding with AC Energy, Inc and B&T Windfarm Company on developing wind and solar power farms with a total investment of nearly 500 million USD. The farms will have a combined capacity of 352 MW.-VNA