Nghe An works to attract foreign investments
The central coastal province of Nghe An has paid heed to renovating and enhancing promotional activities to draw investment from such key partners as Japan, the Republic of Korea (RoK), Singapore and Thailand.
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The move is significant as it will create jobs for local labourers while increasing the budget collection and giving a push to the provincial socio-economic development.
Along with keeping close inspection on low-speed projects and addressing difficulties for investors, the province has also joined hands with relevant ministries and agencies like the Korean Trade-Investment Promotion Agency, the Japan External Trade Organisation and the Foreign Investment Agency to promote foreign investment in the locality.
Furthermore, it is consolidating relations with its existing non-governmental organisations and seeking to cooperate with other potential non-government ones to mobilise sponsorship.
From the outset of this year, the province granted licenses and revised investment certificates to 34 projects with total registered capital of VND19 trillion (US$852.8 million).
The province is working with Thai Hemaraj group and the RoK’s TA-Trading Co., Ltd to carry out projects on industrial and urban area development, forest plantation and high-tech waste treatment.
