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Thừa Thiên – Huế aims to attract $400m in FDI

Update: May, 09/2017 - 09:00
Chân Mây Port in central Thừa Thiên - Huế Province. - Photo
Viet Nam News

HÀ NỘI – The central province of Thừa Thiên – Huế aims to attract around US$300-400 million in foreign direct investment (FDI) this year, according to the province’s recent investment promotion plan.

The central province is calling for investment from both local and foreign groups in all sectors, but with priority given to sectors of the province’s strength, such as tourism – service, information technology, healthcare, aquaculture, light industries, urban area development and economic zones.

Investment promotion from traditional investors like Thailand, Korea, Singapore, Hong Kong, Japan and the US will be stepped up, as well as from countries which would benefit from bilateral and multilateral trade agreements of which Việt Nam is a member.

The province will work with FLC Group, Vingroup, Bitexco, and Viglacera, as well as foreign investment promotion organisations like the Japan International Cooperation Agency, Korea International Cooperation Agency, and Japan External Trade Organization.

Chairman of the provincial People’s Committee, Nguyễn Văn Cao, said that the province wanted to promote investment by connecting with investors’ partners such as banks, infrastructure businesses and consultant firms.

The locality also planned to forge connectivity via direct dialogues between authorities, investors and investment management and trade counseling agencies, he added.

Currently, investors are studying several projects in the province, including an infrastructure project worth VNĐ600 billion ($26.3 million) at a Thiên Hà Kameda JSC Industrial Park. The Chân May JSC has registered to pour VNĐ850 billion in capital in building a wharf at the Chân Mây Port. Phú Quang Spinning JSC poured VNĐ400 billion into a spinning line project.

The central province has so far attracted 140 projects with total registered capital of VNĐ64.3 trillion in the first quarter of this year, including 35 foreign-invested projects with total investment of $1.74 billion. — VNS



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