|HCM City and the central province of Nghe An on Friday signed a comprehensive agreement for commercial and socio-economic co-operation through 2020.— Photo sggp
HCM CITY (VNS) — HCM City and the central province of Nghe An on Friday signed a comprehensive agreement for commercial and socio-economic co-operation through 2020.
Under the agreement signed in the Nghe An capital Vinh, the two sides will strengthen co-operative links, share experiences in improving their investment and business environments, and mobilise investment from various sources in socio-economic infrastructure and scientific research.
HCM City will help Nghe An attract investment by apprising the city's business community about opportunities in the province.
The province has mobilised investments in its South-East Economic Zone; malls, shopping centres, tourism parks, and resorts; construction materials manufacture; processing of farm and forest produce and seafood; and electronics manufacture and assembly.
Speaking at the signing ceremony, the Chairman of the Nghe An People's Committee, Nguyen Xuan Duong, said in the past decade HCM City businesses created 43,000 jobs in Nghe An and contributed thousands of billions of dong to the province's coffers.
Since 2003 more than 30 HCM City businesses have invested over VND15.35 trillion (over US$724 million) in 45 projects in Nghe An of which 41 are operational.
Duong said the HCM City-invested projects have not only helped boost socio-economic development but also changed attitudes towards business and investment in Nghe An.
Le Thanh Hai, Secretary of the HCM City's Party Committee, urged Nghe An and HCM City authorities to create favourable conditions for investments in infrastructure, processing, trade – services, health, and education as required by the province.
Also at the meeting, Nghe An authorities issued an investment licence to the HCM City-based Hoa Sen Group for its Hoa Sen – Nghe An Iron Sheet project. — VNS