Business

Thua Thien-Hue lures investment

Thua Thien-Hue has attracted 140 investment projects with total registered capital of 64.3 trillion VND (2.8 billion USD), including 35 foreign direct investment projects valued at more than 1.7 billion USD.
Thua Thien-Hue lures investment ảnh 1Chan May economic zone in Thua Thien-Hue province (Photo: VNA)

Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue has sofar attracted 140 investment projects with a total registered capital of 64.3trillion VND (2.8 billion USD), including 35 foreign direct investment projectsvalued at more than 1.7 billion USD.

Domestic investors poured 1.24 trillion VND (54.7 million USD) into threeprojects in the first quarter of 2017.

The province aims to draw 20 investment projects to its industrial zones thisyear.

To realise this target, the province will focus on administrative reforms andcreate favourable conditions for investment attraction, especially inindustrial parks and economic zones.

Currently, the occupancy rate at Phu Bai industrial zone’s phase I and II is98.5 percent. The figures at Phong Dien industrial park’ zone B and Phu Daindustrial park are 74 percent and 42.5 percent.

The province also hopes to work with prestigious groups, infrastructuredevelopers and investors with strong financial capacity like FLC Group,Vingroup, Bitexco, Viglacera. Cooperation with foreign organisations like the JapanInternational Cooperation Agency, Korea International Cooperation Agency and JapanExternal Trade Organisation will be prioritised.

In addition, it will push to complete infrastructure at industrial zones tolure more investors.

The province also provides funds for bomb and mine clearance for industrialpark development. Preference policies in land rental and corporate tax will beprovided for investors.- VNA


VNA
#investment projects #industrial zones Thua Thien-Hue
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