Nghe An attracts nearly $1b in new projects

Nghe An attracts nearly $1b in new projects

The central province of Nghe An yesterday granted investment licences to eight projects and signed deals worth over US$967 million at a meeting in Vinh City.

A view of Vinh City in the central province of Nghe An. The province is committed to improving its investment climate and offering the best possible incentives to businesses.

Addressing the meeting, National Assembly Chairman Nguyen Sinh Hung expressed his hope that investors would continue implementing feasible projects and fostering innovation in Nghe An.

Ho Duc Phoc, Secretary of the provincial Party Committee and Nguyen Xuan Duong, Deputy Secretary of the Party Committee and Chairman of the provincial People’s Committee, called on businesses and investors to develop Nghe An into a north-central hub for finance, commerce, tourism, education and training, science and technology, healthcare, culture, sport and hi-tech industry.

Nghe An is committed to improving its investment climate and offering the best possible incentives to businesses, they said.

The event was co-hosted by the provincial People’s Committee, the Party Committee of the centrally-run Business Bloc and the Bank for Investment and Development of Viet Nam.

Last year, Nghe An granted investment licences to 105 projects worth more than VND18.5 trillion ($880 million), representing a year-on-year increase of 45.83 per cent and 43.74 per cent respectively.

The projects have generated 8,000 jobs, the meeting heard.

Some of the large-scale projects include: the Ha Noi-Kim Lien urban and hotel complex (VND720 billion or $33.5 million); the Lan Chau-Song Ngu eco-tourism complex (VND1.97 trillion or $91.6 million); the Thanh Thanh Dat Wharf (VND560 billion or $26 million); the Masan Food Project (VND1.2 trillion or $55.8 million); the Ton Hoa Sen Project (VND2.3 trillion or $107 million); the Nguyen Kim supermarket (VND550 billion or $25.6 million); and the Vingroup development project (VND2.39 trillion or $111.1 million).

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