Ninh Thuan seeks investments in renewable energy, marine economy
In 2017, the south central coastal province of Ninh Thuan is focusing on luring capable and strategic businesses and investors in the two key sectors of renewable energy and marine economy.
Ninh Thuan (VNA) – In 2017, the southcentral coastal province of Ninh Thuan is focusing on luring capable and strategicbusinesses and investors in the two key sectors of renewable energy and marineeconomy.
Incentives in terms of finance, land, taxes andinfrastructure have been offered to investors, particularly those operating inwind and solar power, sea-based economy, tourism and agriculture.
The province has instructed sectors to promptlyrevise relevant legal documents while applying information and communicationtechnology in management and offer online services to create favourableconditions for investors.
Dialogues have frequently been conducted to addressdifficulties facing investors during the implementation of their projects.
Director of the provincial Department ofPlanning and Investment Pham Dong said the Ninh Thuan Economic DevelopmentOffice has been put into operation to provide “one-stop” administrativeservices for investors. The move has helped shorten time for granting businessregistration licences.
Since 2016, the province has granted investmentplan decisions to 18 projects, worth a total of 3.36 trillion VND (147.8million USD), and approved investment venues for 20 projects, worth 15.1 trillionVND (663.7 million USD).
A number of big projects include Phuoc Huu – DuyenHai Wind Power Plant worth 1.26 trillion VND (55.4 million USD); white-leggedshrimp production centre worth 70 billion VND (3.08 million USD); Dam Nai WindPower Plant worth 1.52 trillion VND (67 million USD); and a beeves and cowsfarm worth 250 billion VND (11 million USD).
Currently, the province is home to 292 projects,including 30 foreign direct investment projects, with a combined registeredcapital of 59.85 trillion VND (2.63 billion USD).-VNA
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Illustrative image (Source: VNA) 
