Nghe An (VNA) – The central province of Nghe An has listed 28 projects for next year that need investment estimated at 45.2 trillion VND (2.82 billion USD, according to the provincial Investment Promotion Centre.
Of that amount, 33.58 trillion VND (2.1 billion USD) would be set aside for industry and construction; 5.86 trillion VND (366 million USD) for infrastructure development in industrial and economic zones; 4.15 trillion VND (259 million USD) would go into the trade and service sectors, while the remainder would be spent on agroforestry-fishery projects and other schemes.
Among the main projects needing investment are a 25 trillion VND (1.56 billion USD) thermo-electric plant in Hoang Mai Industrial Zone (IZ); the Dong Nam IZ costing 5 trillion VND (312 million USD); Tan Ky cement plant worth 3 trillion VND (187.5 million USD): and a 44ha tourism resort in Cua Lo town, costing around 2.5 trillion VND (156 million USD).
Despite the ongoing efforts of local authorities, Nghe An has yet to become an attractive destination for foreign investors because of its geographic disadvantages and inadequate public services, said centre director Nguyen Van An.
To date, the province has only granted licences to 23 foreign-invested projects, worth 221 million USD. Most of these projects are small-scale, he added.
To achieve its 2008 goals, Nghe An would continue to improve policies designed to encourage investment, the centre director said, adding that the province would focus on site clearance (and compensation for affected persons), infrastructure development in industrial zones and preferential land-rental schemes for IZ projects, and skills’ training.
Nghe An plans to increase its marketing activities and look to diversify investment sources in the province. Top priority would be granted to food and agricultural processing and production of building materials, hydropower plant construction, tourism, production and assembly of cars, motorbikes, electronic goods. Other key areas would be the manufacture of textiles and garments, chemicals, leather goods and footwear, he said.-Endiem
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