Nghe An strives to attract 100 investment projects

18:16 | 03/04/2015 Economy

(VEN) - The Nghe An Province People’s Committee recently held an investors’ meeting in Vinh, which attracted lots of investors from both home and abroad, and was honored with the presence of National Assembly Chairman Nguyen Sinh Hung.

Nghe An strives to attract 100 investment projects

This is the seventh year in a row that Nghe An has held such a meeting. Last year, it granted investment certificates and approved investment capital adjustments for 187 projects with a total registered capital of more than VND55.663 trillion. Many of these projects have now entered operation, creating new jobs for local workers, while contributing significantly to the state budget. TH JSC, Sai Gon-Song Lam Brewery JSC, Hanoi-Nghe An Brewery JSC, Ban Ve Hydropower JSC and Hua Na Hydropower JSC were lauded for their investment projects.

This year, Nghe An strives to attract about 100 investment projects registered at a total capital of VND19-20 trillion. Currently, there are several investment projects being implemented by the Hoa Sen Group and Masan Group.

Of the nine project agreements which were signed and the nine projects which were granted certificates at the meeting, the combined total came to US$1.12 billion. Some key projects included general ports in Cua Lo, Tuan Loc Investment Construction JSC’s textile complex, India-based Boha Company’s fertilizer plant, Japan-based Envroy Vietnam JSC’s anti-virus body patch production, Vicem-Dong Hoi Port, and Vissai Group’s cement grinding station  and port.

Business representatives signed four memoranda of understanding with the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) for VND9.1 trillion credit for the implementation of upcoming projects.

Hoang Trinh