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Central city strives to draw $140 million in IP investment

Update: January, 23/2015 - 08:30

The central province of Thua Thien Hue aims to attract VND2.5-3 trillion (US$119-$142 million) in investment to its industrial parks (IPs) in 2015. — Photo vtv

THUA THIEN HUE (VNS) — The central province of Thua Thien Hue aims to attract VND2.5-3 trillion (US$119-$142 million) in investment to its industrial parks (IPs) in 2015, according to the provincial IPs Management Board.

In order to fulfill the target, the board plans to 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 support investors via incentives such as preferential land rent and tax rates as well as assistance in land clearance and human resource training.

The central province is home to six industrial parks, which attracted combined investment capital of VND2.25 trillion ($107 million) last year through 10 new projects and nine existing ones.

All industrial parks in the province have 92 valid projects, including 70 from local investors, with combined capital of more than VND19.58 trillion ($932 million). Capital disbursement has reached over VND7.39 trillion ($352 million) or 38 per cent of total registered capital. — VNS

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