Nghe An calls on investment in western area

Tuesday, Feb 19, 2019 17:46

Rice fields in the highlands of Tuong Duong District in Nghe An Province. — Photo

Nghe An Province is taking many measures to improve the quality of its business environment, hoping to attract more investment in the western area of the province.

Currently, the region is home to more than 163 projects with total registered capital of VND64.1 trillion (US$2.8 billion). Among them are big projects including $1.2 billion TH dairy farm of TH Milk Food JSC, high-tech pig-breeding farm Masan Nutri – Farm of Masan Group worth VND1 trillion and some key hydropower plants.

The provincial authority has said it will continue to promote investment to the western area by providing information to investors about the potential, strengths and policies, especially the list of projects calling for investment in the west.

It will also accelerate the construction of planned industrial zones and clusters to attract big investment projects.

Vi Van Son, chairman of Con Cuong District People’s Committee said the district has organised many meetings with large enterprises to call for investment, including Muong Thanh Group, TH Group, Hoang Quy Tourism Co Ltd and T-Tech Group.

As a result, some projects have been implemented in the district such as Muong Thanh Con Cuong hotel and commercial centre and Thien Son 2 orange farm project.

Hoang Phu Hien, chairman of Thai Hoa Town People’s Committee also said 50 projects worth combined registered capital of VND2.2 trillion were invested in the town thanks to the province’s efforts in calling for investment.

However, big projects in the area are mostly from domestic investors and the province is aiming to attract foreign direct investment, as well as increase the number of large capital projects.

Western Nghe An has an area of nearly 13,800 square kilometers, accounting for more than 83 per cent of total natural area of the province. With five border gates with Laos, the area has strategic importance in economic development and security. — VNS

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