Quang Ninh woos HCM City investors with various projects
The northeast province of Quang Ninh introduced a number of projects to southern enterprises at a conference titled "Quang Ninh – Potential and Investment Opportunities" held in Ho Chi Minh City.
The northeast province of Quang Ninh introduced a number of projects to southern enterprises at a conference titled ‘Quang Ninh – Potential and Investment Opportunities’ held in Ho Chi Minh City on October 5.
At the conference, advantages, potential and investment opportunities in Uong Bi city, Ba Che district and Co To Island district were introduced to investors in the south.
Among the projects are a waste water treatment plant in Uong Bi city as well as a high-class resort, a tourism ship terminal and a hi-tech seafood processing line on Co To Island.
Truong Manh Hung, Deputy Head of Quang Ninh’s Investment Promotion Agency, affirmed enterprises would be eligible for incentives when investing in infrastructure, health, education, manufacturing and services with a substantial workforce.
Le Huong Giang, Deputy Director of the Ministry of Planning and Investment (MPI)’s South Centre for Investment Promotion, said Quang Ninh is one of the provinces with bold, creative and breakthrough changes in administrative reforms, reorganising growth models, improving business investment environments and enhancing tourism and transport infrastructure investments.
Quang Ninh’s Provincial Competitiveness Index (PCI) was in the top five in 2013 and 2014, meaning that more and more companies consider Quang Ninh an attractive investment destination, said Giang.
As of September 2015, the province had attracted foreign investors from 17 countries and territories with a combined registered capital of 5.1 billion USD.
Domestic investment capital from 2012 to 2014 reached 68 trillion VND (3.3 billion USD).
In the first nine months of 2015, domestic private investment capital worth nearly 30 trillion VND (1.4 billion USD) flowed into Quang Ninh with projects from big companies such as Vingroup, Sungroup and BIM.
This is the first time Quang Ninh has coordinated with the MPI’s South Centre for Investment Promotion and the Association of HCM City Enterprises to organise a such conference.-VNA
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
Cai Lan industrial zone. (Source: VNA)
