The central province of Nghe An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018. — Photo baodautu.vn

The central province of Nghe An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018.

In January, the province licensed three projects worth VND20.37 billion (US$902,391). To date, the Viet Nam-Singapore Industrial Park in the province has attracted VND420 billion from 11 investors who occupy 7.6ha of industrial area and 2,500sq.m of ready-built factories. Of these, eight projects have been licensed.

This year, the province will prioritise investment in its key projects, while co-ordinating with investment promotion agencies to lure large projects.

Along with effectively operating the provincial Centre for Investment Promotion and Support, Nghe An has launched a one-door system serving investors and assisting them during their investment process.

At the same time, the province has applied information technology in processing investors’ requests, thus enhancing transparency and responsibility of local agencies. Meanwhile, it has also worked to remove obstacles facing projects currently underway.

The province is now encouraging investors to speed up administrative procedures for a number of projects, including the FLC eco-tourism and resort, the Quynh Lap 2 thermal power plant invested in by Posco Group of the Republic of Korea, and Hoang Mai 2 industrial park of Kovinet, another RoK investment. — VNS