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Nghe An vows to accompany investors PDF Print
Thursday, 02 March 2017 10:21

VIETRADE – The central province of Nghe An would always facilitate and accompany investors to deploy their projects effectively in the locality, said the provincial People’s Committee chairman Nguyen Xuan Duong.


According to the chairman, local authorities have paid attention to attracting investment over the past years. “We recognize that, in order to ensure fast and sustainable economic development, we need to further improve our investment environment to attract domestic and foreign investment," Duong said.


He also mentioned nine comprehensive measures to make Nghe An an attractive business destination in the near future, including simplifying administrative procedures and cutting the time for granting investment licenses to three days or even one day, and launching online public services for business registration. 


In addition, the province would continue improve its transparency by updating and guiding administrative procedures in investment, business and provincial plans aside to improving quality of its human resource and promptly resolving barriers in clearance compensation.


A report from the committee showed out that in the past nine years, Nghe An attracted 804 projects worth more than VND261 trillion (US$11.34 billion), including 758 domestically-financed ones worth more than VND101.29 trillion (US$4.4 billion) and 46 foreign-invested ones with a total registered capital of over VND160.43 trillion (US$6.97 billion).


In 2016 alone, the province licensed 141 new and capital-added projects with a combined investment capital of more than VND35 trillion (US$1.54 billion).

This year, the province has set a target of luring 125 projects worth up to VND35 trillion (US$1.5 billion) and generating jobs for 16,000-18,000 workers.


In his speech at an investment meeting held in Nghe An on February 19, Prime Minister Nguyen Xuan Phuc spoke highly on the contribution of foreign and domestic investors to the province’s socio-economic development. He also praised efforts of local authorities in accompanying and facilitating businesses.


The Prime Minister said Nghe An enjoyed favorable transportation since it lied in the center of the north central region and the north-south and east-west exchange route; boasts road, railway, aviation, seaway and inland waterway routes and serves as a gateway to the East Sea of the central Laos and northeast Thailand via the Thanh Thuy border gate.


According to him, Nghe An was also endowed with vast land coverage and abundant human resources, including more and more intellectuals and engineers coming home to do business. It also built eco-friendly projects and made infrastructure breakthroughs in service of socio-economic development. 


In order to become a well-off locality, he suggested mapping out a master plan for the sustainable development of industry, agriculture and infrastructure while boosting connectivity with the south of central Thanh Hoa province and the north of central Ha Tinh province and accelerating administrative reform. 


At the same time, the province should save and effectively tap natural resources, pool public involvement in science, education and health care and attract investment in high added values.


Social security and safety must be ensured, especially in mountainous areas, he directed. 


The Vietnamese government was determined to develop the economy which would not be traded for the living environment, he said.


He pledged that the Government would also strive to develop a pro-business environment, maintain macro-economy stability and foster an environment of peace and friendship.


Incentives would be offered to investors in the supporting and high-tech industries, as well as tourism, the Prime Minister said, adding that he hoped Nghe An would take the lead in such areas.


On the occasion of the event, provincial authorities granted investment licences to eight projects and signed 15 memoranda of understanding and co-operation agreements valued at over VND22.62 trillion (US$983.8 billion)./.

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