Nghe An sees investment of $6.6b

10:26 | 14/01/2016 Economy

The central province of Nghe An attracted a positive investment flow totalling 150 trillion VND (more than 6.6 billion USD) during the 2010-15 period.

Nghe An sees investment of $6.6b

Illustrative Photo. (Source: baonghean)

He attributed this encouraging performance to greater efforts by local authorities and other sectors in accelerating administrative reforms, especially reducing the time and expense required to complete investment procedures, in order to better assist investors.

In the future, the province will focus on attracting projects that can use high-end technology and create more local jobs, while seeking investors with sufficient financial capacities and a commitment to corporate social responsibility, he added.

Earlier, the central province said it had set a target of attracting some 100 trillion VND (more than 4.44 billion USD) in investment from now until 2020, including 50 trillion VND in foreign direct investment (FDI).

To achieve this aim, the province will carry out measures to lure investment, as Nghe An considers it a key task in spurring local socio-economic development.

Besides facilitating the operations of investors by zoning land for them, offering them incentives and assisting them in recruiting workers and sourcing building material, the province will continue improving its investment environment with the aim of becoming one of the top 30 provinces and cities in the country, based upon the provincial competitiveness index./.

Source: VNA