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Ha Tinh paves the way for investment

Update: May, 03/2013 - 10:53
Containers are loaded onto a ship at Vung Ang deep-water port in Ha Tinh. The central province aims to achieve an annual economic growth rate of 18.4 per cent, with the industrial, service and agricultural sectors accounting for 54.7 per cent, 32.2 per cent and 13.1 per cent respectively. — VNA/VNS Photo Ha Thai
HA TINH(VNS) — The central province of Ha Tinh has granted investment certificates to six domestic and foreign-invested projects worth a combined VND55.4 trillion (US$2.63 billion).

During a conference to announce a master plan on socio-economic development for the province into 2020 late last month, People's Committee Chairman Vo Kim Cu said the province would improve the investment climate and create favourable conditions for investors to successfully develop their projects.

Since 2011, 301 new projects worth more than VND346 trillion ($16.5 billion) have been licensed to operate in Ha Tinh. Among them there are 48 foreign projects with total registered capital of VND218 trillion ($10.4 billion), including those run by giants such as Formosa (Taiwan), Samsung (South Korea) and Mitsubishi (Japan).

Deputy Prime Minister Nguyen Xuan Phuc urged Ha Tinh to continue promoting its potential and master plan to businesses and regional countries in order to attract investment in priority sectors.

The province should also improve the quality of its human resources to serve economic zones and the demands of large projects, he added.

The master plan was based on the province's competitive sectors, namely steel manufacturing; agriculture, forestry and fisheries; trade, transport and logistics; textiles and garments; construction; education and training; and information and communications, Cu said.

By 2020, the province aims to have an annual economic growth rate of 18.4 per cent, with the industrial, service and agricultural sectors accounting for 54.7 per cent, 32.2 per cent and 13.1 per cent respectively. — VNS


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