09:39 | 15/03/2016 Economy
(VEN) - A joint investor conference organized by Nghe An Province People’s Committee and the Bank for Investment and Development of Vietnam was recently held in Nghe An Province’s Vinh City.
Many agreements were signed at the conference
At the conference, local leaders pledged themselves to improve the province’s investment environment to attract domestic and foreign businesses.
The conference, which has taken place annually since 2009 has become a meeting place for Nghe An’s leaders and investors to discuss new opportunities and ways of attracting investment to the province.
The province has attracted 663 projects with total registered capital of almost VND230 trillion including 626 domestic projects with more than VND70 trillion and 37 foreign direct investment projects with almost VND7.2 billion.
Many major, high-tech projects have operated effectively creating jobs and paying a large amount of taxes to the state.
In particular, 2015 marked a milestone in provincial investment promotion as 111 projects with total registered capital of more than VND87 trillion received investment certificates.
Chairman of the Nghe An Province People’s Committee and Deputy Secretary of the Nghe An Province Party Committee Nguyen Xuan Duong said that the conference showed devise strategies for provincial investment promotion activities, while recognizing fruitful cooperation between investors and the province in socioeconomic development for years now such as the Hoa Sen Group, TH, MDF, Sabeco and investors from the Republic of Korea and Japan.
The conference also underscored the need to strongly improve the investment environment to attract domestic and foreign investment focusing on high-tech and high-added-value industries, support industries, clean industries, energy efficiency, and environmentally-friendly projects.
At the conference National Assembly Chairman Nguyen Sinh Hung spoke highly of achievements in investment promotion activities in the province. “Nghe An needs to become an attractive investment destination not only in the central region but also in Vietnam, the Asian region and the world,” he said.
Bank for Investment and Development of Vietnam Chairman Tran Bac Ha said that the conference was an open forum for the province and investors. Nghe An’s continuous efforts to bolster the investment environment and the acknowledgment that businesses play a vital role, underlined the trust the bank had in continuing to accompany Nghe An in investment promotion activities.
At the conference, representatives of domestic businesses and international organizations shared opinions and recommendations.
In addition, the Nghe An Province People’s Committee granted investment certificates to 10 projects with capital of VND10.5 trillion and concluded five investment agreements. The Bank for Investment and Development of Vietnam and businesses concluded five agreements to provide credit for projects.
Nghe An wants to stand among the top 15 localities nationwide in terms of the Provincial Competitive Index (PCI). The province wants to attract 120 projects with total registered capital of VND25-30 trillion this year.