Eight memorandum of understandings were signed in the northern Quang Ninh Province’s Tien Yen District on Friday, for investment projects in waste treatment, poultry, breeding and sea port development.

They are worth a total capital of VND1 trillion (US$44 million).

The signings took place at the district’s Investment Promotion Conference, and were witnessed by 400 enterprises and economic organisations.

Truong Cong Ngan, chairman of Tien Yen District People’s Committee, said it was the first such event and a good chance for domestic and foreign investors to better understand the district’ advantages and investment policies and explore investment opportunities.

Local authorities will create as favourable conditions as possible for investors to implement projects in the district, he promised.

Speaking at the event, Le Quang Tung, vice-chairman of Quang Ninh Province People’s Committee, said he hoped Tien Yen District would become an attractive destination for foreign investors as it has tremendous untapped potential in agro-fisheries and forestry, and local authorities are making a huge effort to improve its investment climate.

Tien Yen District covers around 65,200ha and has a 35km coastline, and has favourable conditions to develop its agriculture, industry and tourism sectors.

In the future, the district will open the South Tien Yen high-speed road and the 350-hectare Tien Yen Industrial Zone, as per its socio-economic development plan from now to 2030. — VNS