Hue aims to attract capital to economic zones, parks 

TUESDAY, FEBRUARY 07, 2017
Hue aims to attract capital to economic zones, parks 

VIETNAM’S Hue Province aims to attract 20 projects to its economic zones (EZs) and industrial parks (IPs) with total registered capital of some 6 trillion dongs (US$264.3 million, Bt9.25 trillion).

 

To this end, the province’s Economic Zone and Industrial Park Management Board will launch investment promotion programmes that focus on fostering partnership with investors having adequate finan?cial resources in infrastructure, Nguyen Que, deputy head of the board, said.
According to Que, the board is cur?rently working with major domestic firms, including FLC Group, VinGroup, Bitexco and Viglacera, and strengthening coordination with for?eign partners, including JICA, KOICA and JETRO, in investment promotion.
For projects being implemented in the Chan May-Lang Co EZ, provincial authorities have been assisting in the construction process and in capital dis?bursement, including the second phase of the Lang Co Laguna, Minh Vien Lang Co Resort, Wharf 3 at Chan May Port; infrastructure of Viglacera’s industrial park; Bitexco’s Lp An eco-tourism project; and infrastructure of Sai Gon-Chan May industrial and non-tariff zone.
According to Nguyen Van Cao, chairman of Thua Thien- Hue People’s Committee, the province| has imple?mented a number |of measures, such as improving investment and business environment.and addressing issues in the aftermath of the mass deaths of fish last year, which was blamed on toxic waste.
In the future, Thua Thien Hue will also enhance the quality of business associations and trade organisations for better connectivity among enterprises. The province will invest over 2 trillion dongs in socio-economic infrastructure and industry development programmes in 2017.
At the same time, this central province will also restructure its vocational training system and step up administrative reform, striving to conduct over 50 per cent of its administrative procedures online. It will also apply the one-door model at the provincial and district administration centres, thus raising the satisfaction rate for implementing administrative procedures among residents and businesses to over 80 per cent, Cao said.
Last year, local EZs and IPs attracted 14 projects with total investment of nearly 4.9 trillion dongs , bringing the total number of projects located in their facilities to 140, worth over 63.7 trillion dongs. Of the projects, 36 are run by foreign investors, with registered capital almost reaching D31.2 trillion dongs.