hosts investment conference
NGHE AN — The central province of Nghe
An will discuss its economic policies and current investment climate at a
promotional conference to be organised in the province tomorrow.
The province will also unveil a list of projects for which it is seeking
investors by 2010.
The projects are mostly in infrastructure, manufacturing, construction,
agriculture, tourism, seafood, culture, education and public health.
The provincial People’s Committee chairman, Phan Dinh Trac, said the local
authorities would continue to issue incentives and speed up administrative
reforms in an effort to make Nghe An an attractive investment destination.
"The province is preparing to apply one-door policies to investment
registration and licensing to better facilitate investors," Trac said.
In the past years, Nghe An has been drawing in an
increasing amount of new investors.
It has so far attracted foreign direct investment worth US$252 million in 25
projects and domestic investment worth VND54.2 trillion ($3.1 billion) in 235
In 2008 alone, the province drew a combined registered investment capital of
$769 million from 61 domestic and foreign-invested projects, up 13 per cent
year on year. Among these projects, the $90 million Nghe An Tate&Lyle Sugar
Co is one of the typical foreign projects.
The $354 million Ban Ve Hydro-Power Plant, the $87 million Cua Lo Golf
Course, and the $99.5 million Sai Gon-Song Lam Beer Plant are some of the large
"The proliferation of successful investors in the province will prompt
other investors to come and study investment opportunities here," Trac
The province hopes to draw in more investment in various other industrial
The Nam Cam Industrial Park (IP) is the likely location for steel rolling,
metallurgy, motor vehicle assembly, chemical and fertiliser production, wood
processing, mineral processing and leather footwear factories.
The 117ha North Vinh IP is the preferred location for factories making
textiles, garments, electronics, handicrafts, agro-industrial goods and leather
footwear for export.
Phu Quy IP’s 120ha could also facilitate
forestry and mineral processing, animal feed production, and building material
factories. — VNS