Business

Thua Thien-Hue appeals for foreign investment

The central coastal province of Thua Thien-Hue has promulgated an investment promotion plan for 2017, which aims to attract about 300-400 million USD in foreign investment.
Thua Thien-Hue appeals for foreign investment ảnh 1An industrial park in Thua Thien-Hue province (Photo: VNA)
Thua Thien-Hue (VNA) – The centralcoastal province of Thua Thien-Hue has promulgated an investment promotion planfor 2017, which aims to attract about 300-400 million USD in foreigninvestment.

The locality prioritised investment in tourism,services, information technology, healthcare, aquaculture, light industry,urban development, and economic zones.

It will call for investment from traditional marketslike Thailand, the Republic of Korea, Singapore, China’s Hong Kong, Japan, theUS and countries Vietnam has signed free trade agreements with.

The province will work with FLC Group, Vingroup,Bitexco, and Viglacera, as well as foreign investment promotion organizationslike the Japan International Cooperation Agency, Korea InternationalCooperation Agency, and Japan External Trade Organization.

Chairman of the provincial People’s CommitteeNguyen Van Cao said Thua Thien-Hue wants to promote investment by connectingwith investors’ partners such as banks, infrastructure businesses and consultingcompanies.

The locality also plans to forge connectivityvia direct dialogues between authorities, investors and investment managementand trade counseling agencies, he added.

Currently, investors are studying severalprojects in the province, including an infrastructure project worth 600 billionVND (26.3 million USD) at a Thien Ha Kameda JSC industrial park.
The Chan May JSC has registered 850 billion VND(37.3 million USD) in capital to build a wharf at the Chan May Port.

Meanwhile, Phu Quang Spinning JSC has poured 400billion VND (17.5 million USD) into a spinning line project.

The Lang Co marine eco-tourism project ofPacific-Asia JSC has total investment of 580 billion VND (25.5 million USD),while a project refining sand into high-quality materials of A&A GreenPhenix JSC is worth 500 billion VND (21.9 million USD).-VNA

VNA
#Thua Thien-Hue #investment #promote #plan #attract #foreign investors #tourism #services #information #technology #healthcare #aquaculture #light industry #urban development #economic zones #traditional markets #free trade agreements #JICA #trade #partners #banks #infrastructure #businesses #consulting companies #connectivity #dialogues #management #projects #industrial park #marine #eco-tourism #Chan May Port Thua Thien-Hue
Follow VietnamPlus

Related News

Hue Craft Village Festival 2017 kicks off

Hue Craft Village Festival 2017 kicks off

The 7th Hue Trade Village Festival 2017 kicked off on April 28 in Hue city of central Thua Thien-Hue province, drawing 327 artisans from 40 craft villages and establishments across the country.

See more

The opening of the Ho Chi Minh City Pavilion at the 2025 Saudi Food Show being held from May 12 to 14 at the Riyadh Front Exhibition and Conference Centre. (Photo: courtesy of ITPC)

HCM City businesses attend Saudi Food Show in Riyadh

The HCM City pavilion is a joint exhibition space comprising three adjacent sections with a total area of 300 square metres organised by the Investment and Trade Promotion Centre of HCM City and the Vietnam Trade Office in Saudi Arabia.

Prime Minister Pham Minh Chinh speaks at the dialogue with the US business community in Hanoi on May 13. (Photo: VNA)

US businesses affirm long-term commitment to Vietnam

During the meeting, US delegates expressed appreciation for the Vietnamese Government’s goodwill and for its efforts to maintain a favourable investment climate. They proposed Vietnam continue enhancing its business environment by addressing bottlenecks in administrative procedures, non-tariff barriers, taxation, and fees, while ensuring infrastructure conditions, transparency, and rules of origin

Consumers at a supermarket in HCM City (Photo: baodautu.vn)

Vietnam, US push for balanced trade

Imports from the US are predicted to rise sharply in the coming months as large Vietnamese enterprises are accelerating purchases from the North American market in efforts to balance bilateral trade.

The reduction of bank staff will continue to be strong in 2025, as banks are promoting digital transformation and restructuring operations to improve cost management efficiency. (Photo: vnbusiness.vn)

Banks cut staff, transaction branches amid digital promotion

VietinBank will be the first bank in the country’s group of four largest State-owned commercial banks (Big4) to cut the number of its transaction offices. According to a plan released at VietinBank’s annual general meeting of shareholders (AGM) recently, the bank is expected to cut hundreds of transaction points to streamline the system in 2025.

The Binh Duong Centralised IT Zone is located within the Binh Duong Industrial – Service – Urban Complex. (Photo baobinhduong.vn)

Binh Duong develops new 16-hectare centralised IT zone

The establishment of a new centralised information technology (IT) zone in Binh Duong Province marks a significant step in the locality’s digital transformation strategy and its ambition to build a knowledge-based economy.

Workers manufacture electronic components. (Photo: VNA)

PM orders overhaul to improve business environment

The dispatch further highlights the need for comprehensive measures to enhance governance capacity, accelerate socio-economic progress, and improve the investment and business landscape with a clear emphasis on sustainable development and environmental stewardship.

Prime Minister Pham Minh Chinh (centre) and other delegates attend the groundbreaking ceremony for the Ninh Binh–Hai Phong Expressway Project’s section passing through Nam Dinh and Thai Binh provinces. (Photo: VNA)

Transport, industrial development essential for Thai Binh to be wealthier: PM

​The groundbreaking ceremonies of the Ninh Binh–Hai Phong Expressway Project’s section and the Hung Phu Industrial Park in Thai Binh affirm the government’s determination to create an attractive investment and business environment for both domestic and foreign investors; foster provincial and regional connectivity, generate momentum and open new development space for Thai Binh and the northern coastal region.

Representatives from Vietnam Airlines and Russia’s state-owned VTB Bank exchange the MOU on cooperation. (Photo: nhandan.vn)

Vietnam Airlines signs MoU on cooperation with Russia's VTB Bank

The MoU also demonstrates Vietnam Airlines' efforts to expand its partnership in the international market, while affirming its pioneering role in connecting Vietnam with the world, contributing to the sustainable development of Vietnam-Russia relations in the new period.

An auto assembly line at Kim Long Motor Hue in the Chân May - Lang Co Economic Zone in the central city of Hue. (Photo: VNA)

Vietnam eyes 8% growth in 2025 through strategic reforms

With decisive policy actions, proactive diplomacy and strategic reform priorities, the country is now aiming for an ambitious GDP growth target of 8% or more this year - a goal lawmakers and experts believe is within reach, provided key breakthroughs are implemented effectively.