Thua Thien - Hue lures investment to IZs
The central province of Thua Thien - Hue has taken a number of measures to attract more investment to its industrial zones (IZs).
Apart from speeding up site clearance, the province is accelerating administrative reforms, improving legal framework, and offering preferential policies. It is also helping investors build factories, and mobilize capital resources for infrastructure construction in industrial zones.
Thua Thien-Hue focuses on human resource development, particularly vocational training for spearhead industries, as the demand for trained labourers is increasing. Its industrial zones need 15,000 trained labourers each year, and the figure is expected to increase in the coming time.
The province has attracted 66 foreign investment projects with a total registered capitalization of nearly US$2,000, covering a wide variety of fields such as garment and textiles, tourism, food and beverage processing.
In the first quarter of the year, FDI businesses earned US$110 million in revenue, up 48 percent over same period last year and contributed over US$11 million to the State budget.