Nghe An Province lured about $336 million in investment capital this year. — Illustrative photo ndh.vn

NGHE AN (Biz Hub) — The central Nghe An province attracted about VND7.05 trillion (US$335.71 million) in investment capital during the first four months of this year, the local People's Committee reported.

The province issued licences to 49 new projects with a combined capital of about VND6.81 trillion ($324.28 million), and modified the licences for eight existing projects, whose capital was increased by a combined VND237 billion ($11.28 million).

The Department of Planning and Investment said Nghe An was concentrating on dealing with land clearance and simplifying procedures to speed up the progress of projects. The province also accelerated investment promotion with partners from Japan, South Korea and Singapore.

In Nghe An, a new industrial zone called Tuan Loc is expected to be built in May, and the construction of a Viet Nam – Singapore industrial, urban and service complex is slated to begin in June. — VNS