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Quảng Trị seeks project funding

Update: April, 13/2016 - 09:00
Tourists enjoy Cửa Tùng beach, Vĩnh Linh District, in the central province of Quảng Trị - VNS Photo Trương Vị

Viet Nam News -

HÀ NỘI – The central province of Quảng Trị is calling for domestic and foreign enterprises to invest in 17 projects by 2020, the provincial People’s Committee said.

The projects specialise in a wide range of sectors including energy, processing, leather and footwear, sea ports, tourism and services.

Among the large-scale projects are the 1,350-megawatt Hải Lăng gas-fuelled power plant, expected to cost US$1.5 billion; Cửa Tùng-Cửa Việt coastal resort, worth approximately $110 million; and Trường Sơn tourism and service complex valued at $50 million.

Committee Vice Chairman Nguyễn Hữu Dũng told a press conference yesterday in Hà Nội that the province would have a hotline through which investors can address their difficulties. The province will also be able to fulfill commitments in land, tax and administrative reforms.

Dũng added that Quảng Trị would organise an investment and tourism promotion conference in the locality on Sunday to better advertise its advantages and investment opportunities, and introduce the list of projects to domestic and foreign investors.  

At the event, deputy general director of the Bank for Investment and Development of Việt Nam (BIDV) Trần Phương said his bank would provide a VNĐ15 trillion ($667 million) loan to the province for socio-economic development from 2016 to 2020.

Located in the north-central region, Quảng Trị has many advantages in terms of geographic location and adequate transport facilities connecting the province with other localities. This has allowed the province to develop industries such as mining and mineral processing, electricity, agro-forestry-fishery, marine economy and tourism.

However, the province’s foreign direct investment still lags behind its potential.

As of December 2015, the province attracted only 21 foreign-invested projects with capital totaling $86 million, ranking 57th among 63 localities nationwide, according to the Foreign Investment Agency under the Ministry of Planning and Investment. — VNS

 

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