Foreign direct investment (FDI) has contributed significantly to the economic development of Nghe An province but more actions are needed to improve its efficiency and increase FDI enterprises' contribution to the State budget.
The coastal area of central Quang Tri province has served as an engine for local socio-economic development by luring many investors in leisure tourism, seaports and energy.
Central Quang Tri province is prioritising investors who want to invest in highly efficient projects in local industrial parks and economic zones, particularly in Quang Tri Southeast Economic Zone.
The Korea Western Power Co. (KOWEPO) of the Republic of Korea plans to construct a 1,200MW coal-fired power plant in the central province of Quang Tri in 2018.
Prime Minister Nguyen Tan Dung and Singapore’s Minister for Trade and Industry Lim Hng Kiang launched an order to start construction of the seventh Vietnam Singapore Industrial Park (VSIP).
The central province of Nghe An granted the investment licence of VSIP
Nghe An Industrial-Urban-Service Park to the Vietnam-Singapore
Industrial Park Joint Venture Company on June 30.
The power sector has become increasingly attractive to foreign investors
with a large number of foreign-invested projects taking shape
nationwide, the Dau Tu (Investment) newspaper reported.
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