Thua Thien-Hue targets over US$448 mln in investment

According to the provincial People’s Committee, the industrial parks in the locality target to generate a combined industrial production value of VND13.2 trillion (US$591.7 million) and exported about US$550 million worth of products.

The province has given priority to projects in the fields of tourism, industrial infrastructure, supporting industries, education, healthcare, agriculture, and hi-tech sectors in which it has advantages.

It has worked hard to invite more investors from Thailand, the Republic of Korea, Singapore, Hong Kong (China), Japan, the United States and those having signed free trade agreements with Vietnam.

The local authority has also ramped up direct conversations with investors and involved more private investors in public projects, through investors business links with banks, infrastructure firms and investment consulting agencies.

Thue Thien-Hue plans to develop an investment database in five different languages – Vietnamese, English, Korean, Japanese and Thai – for investors to learn about the local business climate, investment procedures and investment opportunities.

A multi-lingual website will also be created for investment promotion.

For key infrastructure projects, the locality will support investors by making compensation and carrying out site clearance in advance in order to shorten the time to get projects underway.

Some 99 projects have landed in Thua Thien-Hue province to date, including 75 domestic and 24 foreign investment projects, with a total registered capital of approximately VND23.6 trillion (US$1,057 billion). They have offered employment to around 18,000 local workers.