Wednesday, December 7 2016

VietNamNews

Central province draws investors

Update: November, 27/2015 - 08:38

Nhon Ly Resort Complex project is to be built in the coastal central Binh Dinh Province. — Photo courtesy FCL

BINH DINH (VNS) — The coastal central province has granted 33 investment licences, of which six are for Foreign Direct Investment, in the first 10 months of this year.

The total capital of these investments amounts to VND947.7 billion (US$45 million).

Director of the provincial investment promotion centre Nguyen Bay said investors are pouring a great deal of capital into tourism projects in the province.

He said domestic investors had received 80 per cent of the approved investment licenses so far this year, and major investment projects were planned for tourism properties and associated production.

The province has attracted 54 projects, with total investment capital of $1.6 billion.

The FCL Group is the largest domestic investor in the province, with total registered capital of VND3.5 trillion ($167 million) in the Nhon Ly Resort Complex project.

Bay said the province had allocated 73ha to an investor who was developing a pig farm with VND300 billion ($14.3 million).

The farm is expected to provide 10,000 pigs each year once it begins operations in July 2016.

Earlier this year, the Bank of Investment and Development of Viet Nam provided a loan of VND621 billion ($29.5 million) for the construction of the 18MW Vinh Son hydropower plant No 4 in the province.

The central province has 22 hydropower plants, with a total production capacity of 346MW. — VNS

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