Promoting investment in northern central region

The northern central region has so far attracted 243 projects with total capitalisation of nearly US$20 billion, accounting for 10 percent of the country’s total foreign invested capital.

The Overseas Investment Department under the Ministry of Planning and Investment, in coordination with north-central provinces, held a press briefing in Hanoi on September 29 to introduce an investment promotion conference for the northern central region to  be held in Vinh, Nghe An province on October 17.

The region includes six provinces - Nghe An, Thanh Hoa, Ha Tinh, Quang Binh, Quang Tri and Thua Thien-Hue - which share a border with either Laos or Cambodia, creating ideal conditions for investment from the neighbouring countries. In recent times, the region has achieved high growth and attracted much investment capital both at home and abroad.

However, the region still hasn’t reached its potential in terms of investment, making the conference an ideal opportunity to help provinces introduce their capability to domestic and foreign investors.