The northern coastal province of Quang Ninh will call for investmentcapital for 18 projects until 2020, at an investment conference on Feb.24 in Ha Long City.
The conference, an important economic forum,is expected to attract the participation of 800 domestic and foreignmanagers, economic experts and investors.
It will be anopportunity not only for Quang Ninh province to develop and investors toseek partners but also managers to review the policy system to help theprovince remove unnecessary barriers in the context where the world andthe country are facing economic difficulties.
According to thelatest statistics, Vietnam attracted less than 30 million USD in new andadded foreign investment capital in January, representing only threepercent of the same period last year.
Secretary of the Quang NinhProvincial Party’s Committee Pham Minh Chinh said Quang Ninh’sfinancial resources can only meet 50 percent of its development needs.The attraction of external investment sources is the shortest way tosuccess and meets the community’s desire, he said.
Over the pasttwo decades, Quang Ninh lured 186 foreign direct investment projectsworth only 4.7 billion USD in total due to poor infrastructure,inconsistent preferential treatment policy for investors, andlow-skilled workers. Noteworthy among unsuccessful projects was the“Halong Pearl” project to raise oysters for pearls – which failed toensure environmental protection.
The 18 projects calling forinvestment focus on transport and industrial zone infrastructure, trade,service and tourism sectors. They are designed to give Quang Ninhprovince a facelift and help the province become a key northern economichub. Key projects are the 1.2 billion USD Van Don economic zone andinternational airport project, an 1.2 billion USD port in Cai Bau islandto the north of Van Don EZ and the 3 billion USD Hai Ha industrialzone.
Eight of them are expected to be signed between domesticand international investors and a number of preferential treatmentpolicies will also be announced at the conference. Under the policies,investors will be provided with “clean land” and there will be a“one-stop” management mechanism to speed up pace of projects.
GeneralDirector of Royal International Corporation Yang Qing Nan who willattend the conference said investment encouragement policies that QuangNinh will present at the event are not new but more practical. He saidhe believes that more hindrances will be removed and the competitivenessof Quang Ninh’s investment environment will be improved following theevent.-VNA
The conference, an important economic forum,is expected to attract the participation of 800 domestic and foreignmanagers, economic experts and investors.
It will be anopportunity not only for Quang Ninh province to develop and investors toseek partners but also managers to review the policy system to help theprovince remove unnecessary barriers in the context where the world andthe country are facing economic difficulties.
According to thelatest statistics, Vietnam attracted less than 30 million USD in new andadded foreign investment capital in January, representing only threepercent of the same period last year.
Secretary of the Quang NinhProvincial Party’s Committee Pham Minh Chinh said Quang Ninh’sfinancial resources can only meet 50 percent of its development needs.The attraction of external investment sources is the shortest way tosuccess and meets the community’s desire, he said.
Over the pasttwo decades, Quang Ninh lured 186 foreign direct investment projectsworth only 4.7 billion USD in total due to poor infrastructure,inconsistent preferential treatment policy for investors, andlow-skilled workers. Noteworthy among unsuccessful projects was the“Halong Pearl” project to raise oysters for pearls – which failed toensure environmental protection.
The 18 projects calling forinvestment focus on transport and industrial zone infrastructure, trade,service and tourism sectors. They are designed to give Quang Ninhprovince a facelift and help the province become a key northern economichub. Key projects are the 1.2 billion USD Van Don economic zone andinternational airport project, an 1.2 billion USD port in Cai Bau islandto the north of Van Don EZ and the 3 billion USD Hai Ha industrialzone.
Eight of them are expected to be signed between domesticand international investors and a number of preferential treatmentpolicies will also be announced at the conference. Under the policies,investors will be provided with “clean land” and there will be a“one-stop” management mechanism to speed up pace of projects.
GeneralDirector of Royal International Corporation Yang Qing Nan who willattend the conference said investment encouragement policies that QuangNinh will present at the event are not new but more practical. He saidhe believes that more hindrances will be removed and the competitivenessof Quang Ninh’s investment environment will be improved following theevent.-VNA
