Quang Tri seeks 4 billion USD investment

10:16 | 04/11/2015 Investment

The central province of Quang Tri intends to call for a total investment of VND87 trillion (nearly US$4 billion) in its 18 projects in key sectors at an investment promotion conference in November.

Quang Tri seeks 4 billion USD investment

Leaders of Quang Tri Province commit to cooperating and supporting investors - Photo: vnexpress

Nguyen Van Hung, the province's Party secretary, said Quang Tri had many sectors with great potential to attract investment, such as the processing, energy, trade and tourism sectors. The province features a supportive business environment, offering a centralised administrative mechanism. It scored the highest points (39.74) on the Vietnam Public Administration Performance Index in 2014. 

Tran Bac Ha, Chairman of the Bank for Investment and Development of Vietnam (BIDV)'s Management Board, praised the province's potential. He proposed that Quang Tri should focus on solutions for improving the effectiveness of investment, such as by developing the economic corridor connecting the country's East to the South and the West, building the La Lay border gate EZ and developing the Cua Viet-Cua Tung-Con Co Island marine tourism area. 

BIDV will consider providing a 15 trillion VND (667 million USD) loan to the province for socio-economic development during the period of 2016-20. The loan would focus on three sectors with high potential: seafood processing, trade services and the energy industry. 

A representative from Binh Ha Company said it had planned to invest in a glass plantation and cattle-raising project in the province, with total capital of 3.6 trillion VND (160 million USD). However, the company had not yet found a suitable location for the farm. 

Vingroup said it had launched its projects in neighbouring localities, such as Thanh Hoa, Ha Tinh, Hue and Da Nang. The group has just begun examining options to invest in commercial centres, hotels and the agricultural sector in the province./.

Source: VNA
 

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