The central province of Thua Thien Hue has set the goals of attracting from 2,500 to 3,000 billion VND (119-142 million USD) in investment and creating from 1,000 to 1,500 jobs in its industrial parks in 2015.

In order to fulfil the targets, the provincial Industrial Park Management Board said that it would continue reforming investment promotion activities and administrative procedures as well as improving infrastructure in the industrial parks including transport infrastructure, water and power supply and telecommunications.

At the same time, the Board will also support investors via incentives such as preferential land rent and tax rates as well as assistance in land clearance and human resource training.

Thua Thien Hue is home to six industrial parks, which attracted a combined investment capital of 2,250 billion VND (107 million USD) last year through 10 new projects and 9 existing ones.

All industrial parks in the province until now have 92 valid projects, of which 70 projects are from local investors, with a combined capital of 19,587 billion VND (932 million USD).

Disbursement has reached 7,397 billion (352 million USD) or 38 percent of the total registered capital.

Enterprises in the parks posted a total production value of 9,930 billion VND or 472.8 million USD in 2014, up 16 percent against last year, and a combined export value of 418.4 million USD. They contributed 1,455 billion VND (69 million USD) to the State budget.

Last year, the industrial parks generated 1,100 new jobs, bringing the total workers working at the parks to 17,048.

According to the provincial Industrial Park Management Board, the Prime Minister has approved adjustment to the development plan of industrial parks in the province to 2020. Accordingly, the area of Phu Bai IP will be cut by 75.29 hectares while the Phong Dien IP will be expanded by 300 hectares. The plan remains unchanged for the four others – Tu Ha, Phu Da, Quang Vinh and La Son. As a result, the six IPs will have a combined area of 2,393.4 hectares.-VNA