Producing wooden furniture at Phu Bai IZ (Photo: baothuathienhue.vn) Thua Thien – Hue (VNA) - The central province of Thua Thien - Hue aims to attract 8-10 domesticand foreign investment projects with total registered capital of 6-8trillion VND (257.4 -343 million USD) to its economic zones (EZs) andindustrial zones (IZs) in 2020.
The province also targets 6trillion VND (257.4 million USD) of registered investment to be disbursed bythe end of this year, online newspaper baodautu.vn cited head ofthe provincial EZs and IZs Management Board Le Van Tue as saying.
This year, the provincial EZsand IZs would see work started on nine major projects, Tue said.
One of them is an automotiveassembly and manufacturing complex worth 2.7 trillion VND (117.4 millionUSD). Financed by the Bach Viet Automobile Manufacturing Industry Joint StockCompany, the complex spans 50ha in the Chan May-Lang Co EZ. Its constructionwill begin in the third quarter of this year and will be finished in 2024.
Chairman of the provincialPeople’s Committee Phan Ngoc Tho said his province would focus onperfecting infrastructure to create an attractive investment environment whilesupporting enterprises in fulfilling investment procedures to lure moreinvestment to local zones.
Tho also asked provincial EZsand IZs Management Boards to draw up plans and investment incentives thatwould help to attract strategic investors with adequate financialcapacities and reputable trademarks.
Last year, local EZs and IZsattracted 10 projects with total investment of nearly 10 trillion VND (428.5million USD), bringing the total number of projects located in their facilitiesto 146, worth some 100 trillion VND (4.28 billion USD).
Currently, nearly 200businesses are operating in these zones, creating 31,500 jobs. Last year,their revenues topped 28 trillion VND (1.2 billion USD), contributing 2.66trillion VND (114 million USD) to the local budget./.
The province also targets 6trillion VND (257.4 million USD) of registered investment to be disbursed bythe end of this year, online newspaper baodautu.vn cited head ofthe provincial EZs and IZs Management Board Le Van Tue as saying.
This year, the provincial EZsand IZs would see work started on nine major projects, Tue said.
One of them is an automotiveassembly and manufacturing complex worth 2.7 trillion VND (117.4 millionUSD). Financed by the Bach Viet Automobile Manufacturing Industry Joint StockCompany, the complex spans 50ha in the Chan May-Lang Co EZ. Its constructionwill begin in the third quarter of this year and will be finished in 2024.
Chairman of the provincialPeople’s Committee Phan Ngoc Tho said his province would focus onperfecting infrastructure to create an attractive investment environment whilesupporting enterprises in fulfilling investment procedures to lure moreinvestment to local zones.
Tho also asked provincial EZsand IZs Management Boards to draw up plans and investment incentives thatwould help to attract strategic investors with adequate financialcapacities and reputable trademarks.
Last year, local EZs and IZsattracted 10 projects with total investment of nearly 10 trillion VND (428.5million USD), bringing the total number of projects located in their facilitiesto 146, worth some 100 trillion VND (4.28 billion USD).
Currently, nearly 200businesses are operating in these zones, creating 31,500 jobs. Last year,their revenues topped 28 trillion VND (1.2 billion USD), contributing 2.66trillion VND (114 million USD) to the local budget./.
VNA
