Nghệ An ranks fourth in attracting FDI in first half
VGP - The central province of Nghệ An licensed 39 investment projects totaling over VND 33.84 trillion in the first half of this year, reaching a 250.34% growth rate over 2009, reported the provincial Department of Planning and Investment.
Out of these 39 projects, 34 are domestic
investment ones (DDI) with the combined capital of VND 14.7 billion, increasing
109.63% against 2009 and realizing 98% of the target set for 2010.
Vinh Smart City new urban area, worth of VND 2.2
billion, rubber planting project, VND 704 billion, and afforestation project, VND
1.02 trillion, are the biggest DDI projects.
The province attracted five foreign direct
investment (FDI) projects with the total registered capital of over VND 19.14
trillion, 166 times higher than the whole year of 2009.
The biggest include a direct reduction iron project
of Japanese company
The province is ranked fourth among FDI receivers
nationwide in the first 6 months.
The local authorities will continue giving incentives and assistance to businesses
in licensing investment projects outside the economic and industrial zones to
help increase investment, especially in producing construction materials, farm
product processing, auxiliary industry, and tourism.
Investors will not only benefit from the common incentives set by the
Government but also the province’s favorable treatment in terms of site
clearance, infrastructure, and labor training.
