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Nghệ An calls on investment in western area

Update: February, 19/2019 - 17:44
Rice fields in the highlands of Tương Dương District in Nghệ An Province. — Photo baonghean.vn
Viet Nam News

HÀ NỘI — Nghệ An Province is taking many measures to improve the quality of its business environment, hoping to attract more investment in the western area of the province.

Currently, the region is home to more than 163 projects with total registered capital of VNĐ64.1 trillion (US$2.8 billion). Among them are big projects including $1.2 billion TH dairy farm of TH Milk Food JSC, high-tech pig-breeding farm Masan Nutri – Farm of Masan Group worth VNĐ1 trillion and some key hydropower plants.

The provincial authority has said it will continue to promote investment to the western area by providing information to investors about the potential, strengths and policies, especially the list of projects calling for investment in the west.

It will also accelerate the construction of planned industrial zones and clusters to attract big investment projects.

Vi Văn Sơn, chairman of Con Cuông District People’s Committee said the district has organised many meetings with large enterprises to call for investment, including Mường Thanh Group, TH Group, Hoàng Quý Tourism Co Ltd and T-Tech Group.

As a result, some projects have been implemented in the district such as Mường Thanh Con Cuông hotel and commercial centre and Thiên Sơn 2 orange farm project.

Hoàng Phú Hiền, chairman of Thái Hòa Town People’s Committee also said 50 projects worth combined registered capital of VNĐ2.2 trillion were invested in the town thanks to the province’s efforts in calling for investment.

However, big projects in the area are mostly from domestic investors and the province is aiming to attract foreign direct investment, as well as increase the number of large capital projects.

Western Nghệ An has an area of nearly 13,800 square kilometers, accounting for more than 83 per cent of total natural area of the province. With five border gates with Laos, the area has strategic importance in economic development and security. — VNS

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