Thua Thien-Hue looks to draw US$350-400 million in FDI
The central province of Thua Thien-Hue is looking to attract 15 new foreign direct investment (FDI) projects with total registered capital of about US$350-400 million.
Meanwhile, FDI enterprises in the province aim to earn total revenue of US$700 million and contribute USS$80 million to the state budget this year.
Thua Thien-Hue will focus on attracting investors from Japan , the Republic of Korea , Singapore , and Thailand to develop tourism and logistics services as well as industrial parks, including the Chan May-Lang Co economic zone.Since 2015, the province has licensed 9 new FDI projects and allowed three existing projects to increase investment, with total registered capital of 450 million USD.
Last year, the total revenue in the province’s FDI sector reached US$650 million, up 18% against the previous year.
The FDI enterprises also created jobs for over 17,500 workers in the period.
So far, the province has attracted 85 foreign investment projects from 21 countries and territories worth a combined over US$2.6 billion.
Singapore leads the foreign investors with registered capital of US$875 million, followed by Hong Kong ( China ) with over US$300 million.
