Ninh Thuan seeks investors for 72 projects

HA NOI (Biz Hub) — The central coast province of Ninh Thuan has called upon domestic and foreign investors to finance 72 projects in various sectors from now till 2020, according to the Ninh Thuan Economic Development Office (EDO).

Of these projects, 25 will be in the industry sector, 20 in the fields of real-estate and construction, 11 in tourism and services, 10 in agriculture, and six in the energy, education and healthcare sectors, it said.

Nui Chua, a high-end tourism complex covering 250 hectares (ha) in the Ninh Hai District, is one of the major projects as it will require a total capital of VND5 trillion (US$233.6 million), while a 560ha Phuoc Dinh residential area project in Thuan Nam District will cost VND1.5 trillion (more than $70 million).

Meanwhile, infrastructure development for the 1,000ha-Ca Na Industrial Zone in Thuan Nam District will need VND5 trillion in investments.

Among other large projects in need of investment capital of VND5 trillion are the Doc Ham seaport in Thuan Nam District; the Ninh Phuoc District-located Phuoc Dan wind power plant capitalized at VND1.3 trillion ($60.75 million); the development of a plant producing solar power equipment which would cost between VND400 billion ($18.7 million) and VND500 billion ($23.4 million).

Last year, Ninh Thuan reported modest results in attracting foreign direct investment (FDI) as it licensed only two foreign-invested projects, worth a combined US$12 million, said an official at EDO, who declined to be named.

He added that the province is aiming to attract $400 to $500 million in FDI this year.

To this end, the province has joined hands with the HCM City People's Committee to organise an investment promotion conference in the southern city next Wednesday.

The province's economy is mainly driven by energy, fisheries, processing, agriculture and tourism. — VNS