Nghe An reaches US$1 bln investment deals

09:13 | 05/03/2015 Economy

The central province of Nghe An granted investment licenses to 8 projects and signed 4 deals worth over US$967 million during an annual New Year meeting in Vinh city on March 4.

Nghe An reaches US$1 bln investment deals

Addressing the event, National Assembly Chairman Nguyen Sinh Hung expressed hope that investors would continue their feasible projects and foster innovation to bring new changes in Nghe An.

Secretary of the provincial Party Committee Ho Duc Phoc and Vice Secretary of the Party Committee and Chairman of the provincial People’s Committee Nguyen Xuan Duong called on businesses and investors to develop Nghe An into a hub of finance, commerce, tourism, education-training, science-technology, health care, culture, sport and hi-tech industry in the north central region.

Nghe An commits to improving investment climate and offering the best possible incentives to business players, they vowed.
The event was co-hosted by the provincial People’s Committee, the Party Committee of the Centrally-run Business Bloc and the Bank for Investment and Development of Vietnam. 

Last year, Nghe An granted investment licenses to 105 projects worth more than VND18.5 trillion (US$880 million), representing increases of 45.83% in number and 43.74% in value against a year earlier. The projects have been put into operation and generated 8,000 jobs. 

Some large-scale projects include Hanoi -Kim Liem urban and hotel complex (VND720 billion), Lan Chau-Song Ngu eco-tourism complex (VND1.97 trillion), Thanh Thanh Dat wharf (VND560 billion), Masan Food project (VND1.2 trillion), Ton Hoa Sen (VND2.3 trillion), Nguyen Kim supermarket (VND550 billion) and Vingroup (VND2.39 trillion).