Incentives in terms of finance, land, taxes and infrastructure have been offered to investors, particularly those operating in wind and solar power, sea-based economy, tourism and agriculture.
The province has instructed sectors to promptly revise relevant legal documents while applying information and communication technology in management and offer online services to create favourable conditions for investors.
Dialogues have frequently been conducted to address difficulties facing investors during the implementation of their projects.
Director of the provincial Department of Planning and Investment Pham Dong said the Ninh Thuan Economic Development Office has been put into operation to provide “one-stop” administrative services for investors. The move has helped shorten time for granting business registration licences.
Since 2016, the province has granted investment plan decisions to 18 projects, worth a total of VND3.36 trillion (US$147.8 million), and approved investment venues for 20 projects, worth VND15.1 trillion (US$663.7 million).
A number of big projects include Phuoc Huu – Duyen Hai Wind Power Plant worth VND1.26 trillion (US$55.4 million); white-legged shrimp production centre worth VND70 billion (US$3.08 million); Dam Nai Wind Power Plant worth VND1.52 trillion (US$67 million); and a beeves and cows farm worth VND250 billion (US$11 million).
Currently, the province is home to 292 projects, including 30 foreign direct investment projects, with a combined registered capital of VND59.85 trillion (US$2.63 billion).