Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue isstriving to attract 15 domestic and foreign investment projects with totalregistered capital of some 10 trillion VND (428.8 million USD) in 2018.

Priority will be given to investments in the sectors of its strengths liketourism, real estate, IT, high technology, healthcare, education, high-techagriculture and support industry.

According to Phan Thien Dinh, Director ofthe Investment Promotion and Business Support Centre and Director of theprovincial Department of Planning and Investment, by the end of this year, theprovince will work to attract prestigious domestic investors, who are crediblepartners of domestic and foreign banks and investment funds.

It has held investment promotion campaigns in such traditional markets as HongKong (China), Japan, Singapore, Thailand, Europe, the Republic of Korea, andthe US, and in the countries which could benefit from free trade agreements thatVietnam has inked.

The province’s agencies have proactively evaluated potential, market andinvestment promotion trend as well as built a database in service of tourismpromotion, particularly for the Chan May-Lang Co economic zone, industrialparks, An Van Duong new urban area and Hue city.

Along with enhancing training to improve local staffers’ capacity of investmentpromotion, the province has paid due attention to supporting businesses instudying legal regulations, policies and investment procedures as well ascarrying out their projects after receiving investment license.

Thua Thien-Hue has secured 40.6 trillion VND (1.74 billion USD) in investmentsso far, including more than 3.2 trillion VND (137 million USD) landed bydomestic investors and 1.6 billion USD by foreigners.

Phong Dien solar power plant, with a capacity of 35MW, is a notable project. Itwas invested by the Gia Lai Electricity JSC at the total cost of nearly 1trillion VND (42.83 million USD). The 48-hectare factory was constructed inJanuary this year and began operating on October 5.

The plant is designed to produce 60 million kWh of electricity each year and isexpected to greatly contribute to local socio-economic development. It is setto expand its capacity by another 29.5 MW in 2019.-VNA