Thanh Hoa’s IPs aim to lure 15.6 trillion VND in investment
The Nghi Son Economic Zone and other industrial parks in the north central province of Thanh Hoa aim to lure 15.6 trillion VND (687.22 million USD) from domestic and foreign investors, and create jobs for additional 12,000 labourers, including 5,000 for the Nghi Son EZ, in 2017.
A view of the Nghi Son Economic Zone in Thanh Hoa province (Photo: VNA)
Thanh Hoa (VNA) - The Nghi SonEconomic Zone and other industrial parks in the north central province of ThanhHoa aim to lure 15.6 trillion VND (687.22 million USD) from domestic andforeign investors, and create jobs for additional 12,000 labourers, including5,000 for the Nghi Son EZ, in 2017.
They target to earn an industrial productionvalue of 39.1 trillion VND (1.72 billion USD) and export earnings of 490 millionUSD, and contribute around 3 trillion VND to the State budget.
To that end, Nguyen Van Thi, Head of theManagement Board of the Nghi Son EZ and IPs said he has asked relevant bodiesto accelerate such key projects as the Nghi Son Petrochemical Refinery Complex,Nghi Son 2 thermal power project, Gang Thep Nghi Son project, thus boostingeconomic development of the province and the region.
The investment climate will be improved, focusingon reforming administrative procedures.
In 2016, the management board licensed 46 domestic investment projects, worthnearly 10.3 trillion VND (453.74 million USD), and three foreign ones, with aregistered capital of 39.8 million USD.
The figures raised the total domestic investmentprojects to 140 and foreign ones to 13, worth nearly 105 trillion VND (4.62billion USD) and 12.16 billion USD, respectively.
Together, they produced over 33.74 trillion VND(1.48 billion USD) worth of products, an year-on-year increase of 30 percent,created jobs for over 11,000 people, with an average income per capita ofnearly 5 million VND (220 USD).-VNA
The Nghi Son Economic Zone (EZ) in central Thanh Hoa province is expected to become a multi-sector industrial area with a focus on refinery-petrochemical and basic industries in the near future.
The central province of Thanh Hoa is focusing on improving its investment climate, implementing effective socio-economic development policies and promoting economic restructuring in a bid to attract more investment into the locality.
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A view of the Nghi Son Economic Zone in Thanh Hoa province (Photo: VNA) 
