Ninh Thuan seeks investments in renewable energy, marine economy

15:39 | 14/06/2017 Energy

In 2017, the south central coastal province of Ninh Thuan is focusing on luring capable and strategic businesses and investors in the two key sectors of renewable energy and marine economy.

ninh thuan seeks investments in renewable energy marine economy
Photo: Internet

Incentives in terms of finance, land, taxes and infrastructure have been offered to investors, particularly those operating in wind and solar power, sea-based economy, tourism and agriculture. The province has instructed sectors to promptly revise relevant legal documents while applying information and communication technology in management and offer online services to create favourable conditions for investors. Dialogues have frequently been conducted to address difficulties facing investors during the implementation of their projects.

Director of the provincial Department of Planning and Investment Pham Dong said the Ninh Thuan Economic Development Office has been put into operation to provide “one-stop” administrative services for investors. The move has helped shorten time for granting business registration licences. Since 2016, the province has granted investment plan decisions to 18 projects, worth a total of 3.36 trillion VND (147.8 million USD), and approved investment venues for 20 projects, worth 15.1 trillion VND (663.7 million USD).

A number of big projects include Phuoc Huu – Duyen Hai Wind Power Plant worth 1.26 trillion VND (55.4 million USD); white-legged shrimp production centre worth 70 billion VND (3.08 million USD); Dam Nai Wind Power Plant worth 1.52 trillion VND (67 million USD); and a beeves and cows farm worth 250 billion VND (11 million USD).

Currently, the province is home to 292 projects, including 30 foreign direct investment projects, with a combined registered capital of 59.85 trillion VND (2.63 billion USD).

Theo VNA