Thua Thien-Hue lures investment

Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue has so far attracted 140 investment projects with a 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.

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

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

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

Currently, the occupancy rate at Phu Bai industrial zone’s phase I and II is 98.5 percent. The figures at Phong Dien industrial park’ zone B and Phu Da industrial park are 74 percent and 42.5 percent.

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

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

The province also provides funds for bomb and mine clearance for industrial park development. Preference policies in land rental and corporate tax will be provided for investors.- VNA