The central province of Nghe An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018. — Photo baodautu.vn The central province of Nghe An is finalising procedures to approve and sign investment agreements for 12 projects in the first quarter of 2018. In January, the province licensed three projects worth VND20.37 billion (US$902,391). To date, the Viet Nam-Singapore Industrial Park in the province has attracted VND420 billion from 11 investors who occupy 7.6ha of industrial area and 2,500sq.m of ready-built factories. Of these, eight projects have been licensed. This year, the province will prioritise investment in its key projects, while co-ordinating with investment promotion agencies to lure large projects. Along with effectively operating the provincial Centre for Investment Promotion and Support, Nghe An has launched a one-door system serving investors and assisting them during their investment process. At the same time, the province has applied information technology in processing investors’ requests, thus enhancing transparency and responsibility of local agencies. Meanwhile, it has also worked to remove obstacles facing projects currently underway. The province is now encouraging investors to speed up administrative procedures for a number of projects, including the FLC eco-tourism and resort, the Quynh Lap 2 thermal power plant invested in by Posco Group of the Republic of Korea, and Hoang Mai 2 industrial park of Kovinet, another RoK investment. — VNS
Dung Quat EZ licenses four large projects Hanoi attracts more foreign investment These newly-licensed projects are in the mineral, industrial, commercial and medical sectors, and forestation. Two FDI projects on garments and textiles and electronic components worth US$30.5 million in total were also approved. Agencies, sectors and authorities in Nghe An are continuing to improve the business and investment environment through “one-stop-shop” mechanisms, hoping to attract more FDI projects. The province expects to attract six more FDI projects with total registered capital of US$100-120 million in 2013. Nghe An will focus on project quality, investor experience, and the local socio-economic…... [read more]
The Nghe An provincial Department of Planning and Investment recently granted licenses to 24 domestic investment projects valued at a total of more than VND1.08 trillion. These newly-licensed projects are in the mineral, industrial, commercial and medical sectors, and forestation. Two garments and textiles and electronic components FDI projects, on worth US$30.5 million in total were also approved. Agencies, sectors and authorities in Nghe An are continuing to improve the business and investment environment through “one-stop shop” mechanisms, hoping to attract more FDI projects. The province expects to attract six more FDI projects with total registered capital of US$100-120 million…... [read more]
NGHE AN — The central province of Nghe An granted licenses to 24 projects with total registered capital of more than VND1 trillion (US$51.86 million) in the provincial industrial zones during the first half of the year, according to the province's Department of Planning and Investment. The projects cover the minerals, trade, manufacturing and health care sectors. In addition, Nghe An also licensed two foreign-invested projects with combined capital of $30.5 million. The projects are in the field of textile and garments and electronics spare parts.-VNS... [read more]
By this year-end, the province will pay more attention to evaluating the financial capacity of investors before granting them investment licences, in a move to avoid slow-moving projects. Those who have received licences will be required to make deposits to better ensure the implementation of their projects, the department said.The local authorities will also focus on reviewing the progress of licensed projects so that any difficulties that investors encounter in developing projects can solved in a time manner. Also, investment licences might even be revoked if investors fail to implement projects as planned.In 2012-14, the authorities examined 111 sluggish projects…... [read more]
The magnetism of An Giang province to investors is getting stronger in proportion to its abundant and diverse potential for economic development. Its industrial parks and border gate economic zones are at the centre of attention of domestic and foreign investors. According to the report by the An Giang Economic Zones Authority, Binh Long Industrial Park has attracted nine projects with a combined registered investment capital of VND1,535 billion, of which VND914 billion has been disbursed. The tenants hired all 19 ha of rentable land. Binh Hoa Industrial Park has licensed 14 projects with VND4,143 billion of investment capital, of…... [read more]
