Ha Tinh lures $294 million of investment this year

Friday, Dec 21, 2018 08:30

Steel production at Formosa plant. — Photo baohatinh.vn

Investment in the central province of Ha Tinh has reached a total of US$294 million this year.

This week, the provincial People’s Committee announced the licensing of 68 investment projects worth a combined VND6.8 trillion ($294 million). They included 60 domestic projects and other eight funded by international investors.

Ten of them are located in Vung Ang Economic Zone, where the giant Taiwanese Hung Nghiep Formosa steel plant is based.

According to the committee’s report, the projects are in a diverse range of sectors including high technology, industrial manufacturing, renewable energy and urban and industrial infrastructure.

The committee named a $15 million Korean-backed clothing project and a German-funded $47 million solar plant as the most prominent FDI investments of the year.

Ha Tinh is listed as a less-developed locality in the country. Many know of this locality due to the toxic ocean spill caused by the province-based Formosa steel plant. — VNS

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