Investors urged to choose Nghe An
Domestic and foreign investors were urged to invest more in the central province of Nghe An for its geographic advantages, improved infrastructure and open investment policies during an investors' meeting held on February 21 in the province.
Meanwhile, Deputy Prime Minister Nguyen Xuan Phuc suggested the province take full advantage of its potential while perfecting its investment climate to attract more investors.
Local authorities said the investment attraction would be a driving force for the province's socio-economic development. They committed to bettering the province's investment environment, with a focus on speeding up the administrative reforms, improving infrastructure and services, and solving investor difficulties.
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The event also saw five other Memorandums of Understanding worth more than VND61.53 trillion (over US$2.73 billion) signed between the committee and investors.
Positive investment
The central province attracted investment of VND150 trillion (more than US$6.6 billion) from 2010 to 2015, according to Provincial Department of Planning and Investment Director Nguyen Van Do.
From 2010 to 2015, levels of investment capital registered in the province more than doubled figures seen in the previous two years, Do said.
He attributed this encouraging performance to greater efforts by local authorities and other sectors to accelerate administrative reforms. They reduced the time and expenses required to complete investment procedures, which has helped investors.
The province will focus on attracting projects that can use advanced technology and create more local jobs. It will seek investors with sufficient financial capacities and a commitment to corporate social responsibility, he added.
The central province has set a target of attracting some VND100 trillion (more than US$4.44 billion) in investment from now until 2020, including VND50 trillion in foreign direct investment.
