Dong Hoi city.

QUANG BINH (Biz Hub) — Deputy Prime Minister Nguyen Xuan Phuc has asked the central province of Quang Binh to draw up a road map for creating registered projects to boost local economic development.

He made his remarks at the first conference promoting investment in the province in Dong Hoi city, which opened on April 5. The event drew nearly 200 representatives from Vietnamese and foreign businesses.

Chairman of the provincial People's Committee Nguyen Huu Hoai spoke about local strengths and investment conditions, as well as challenges, in order to suggest investment directions for those attending.

He also pledged to provide investors with the best policies regarding tax incentives for land use and business incomes, and for the support of workforce training and infrastructure building, among others.

There are currently 276 registered projects in the province, with a total capital of some VND100 trillion (US$4.8 billion), Hoai added.

At the conference, the entrepreneurs mentioned Quang Binh's strengths and weakness and proposed policies favouring investment, which could be acted upon by local authorities.

During the conference, the People's Committee granted investment licences to 13 projects, totalling over VND8.5 trillion ($404.8 million), and inked eight investment memoranda of understanding worth VND10.8 trillion ($514.3 million. — VNS