Investments of over VND3.7 trillion pledged for Nghe An

Thứ Ba, 24/09/2019 - 02:00

Some VND3.759 trillion has been pledged to finance five projects in Nghe An Province, it was reported during a conference on promoting investment for the north-central locality.

Two investors receive investment certificates at a conference on promoting investment into Nghe An Province on September 20 in HCMC. The province has recorded pledged investments of over VND3.7 trillion. (Photo: Le Hoang)

Further, the provincial government granted investment certificates for two projects and signed Memoranda of Understanding (MoUs) on investment for the remaining three projects during the event, held on September 20 in HCMC.

Those receiving certificates include Global Logistics and Warehouse Service Center’s project of Global Logistics Service Company, which requires funding of VND107 billion in the Southeast Economic Zone. The other project, worth VND31 billion, is a multiplex cinema of CJ CGV Vietnam Company, which will be built in Hoa Sen shopping mall in Vinh City.

Notably, among the three remaining projects, an auto plant project in Tho Loc Industrial Zone is projected to cost an estimated VND2.9 trillion. This project belongs to automaker Quoc Dan, a subsidiary of auto distributor Menes.

Also, local tour firm Vietravel proposed a five-star hotel project in Vinh City, with a total investment of some VND500 billion.

Speaking at the conference, Thai Thanh Quy, chairman of the provincial government, said that Nghe An will assign provincial departments and agencies to carry out works related to the investment cooperation agreements following the event.

For projects having received investment certificates, the province pledged to hand over cleared land as soon as possible, and quickly remove obstacles faced by investors, once the project is underway.

Also, the provincial leader added that Nghe An will make efforts in all fields to become an industrial province and an attractive investment destination for both local and foreign investors. Additionally, it will create favorable conditions, such as offering preferential policies and streamlining administrative procedures for potential investors.

According to the chairman, the investment environment in Nghe An has been improved over the years, attracting many investors at home and abroad.

In the 2014-2018 period, the province recorded investment for 690 projects, with registered capital amounting to VND140 trillion, including 40 foreign-invested projects, with total funding exceeding VND9.5 trillion.

The province also saw a rising number of investors from HCMC. To date, up to 57 projects with these investors have been granted investment certificates, with total registered capital of nearly VND35 trillion.

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