Meeting of potential investors is held on the threshold of the Investment and Tourism Promotion Conference of Quang Binh province 2015. Source: bidv.com.vn

This was an activity to prepare for the Investment and Tourism Promotion Conference of Quang Binh province 2015 which will be held in Dong Hoi city on August 5 by the Quang Binh Provincial People’s Committee in coordination with BIDV.

The meeting was attended by Mr Nguyen Huu Hoai, Chairman of the Quang Binh Provincial People’s Committee and representatives of related departments and branches in the province.

On the side of BIDV, there were Mr Tran Bac Ha, Chairman of BIDV Board of Directors, Mr Phan Duc Tu, General Director of BIDV and representatives of BIDV and Quang Binh Branch together with the participation of nearly 40 potential enterprises and investors as well as domestic and international organizations.

This was a good opportunity for Quang Binh province to introduce its potential and advantages as well as key projects to domestic and foreign investors.

The meeting of potential investors also expressed the province’s serious spirit of preparation for its next investment and tourism conference.

Speaking at the meeting, Chairman of the Quang Binh Provincial People’s Committee Nguyen Huu Hoai pointed out that Quang Binh province, which is located at the East-West Corridor with a synchronous transport infrastructures such as airport, seaport, roads, railways and riverways, has a lot of potential, strengths and opportunities for development of tourism, forest resources, forest land, exploitation, building material processing, electric power, seafood, industrial parks and industrial zones.

Chairman Nguyen Huu Hoai added that Quang Binh has been considered as one of provinces offering a positive investment environment and an attractive destination of Vietnam to both domestic and foreign investors. So far, the province has granted investment licences to 320 projects with a total registered capital of over US$5 billion. Of this, there were 11 FDI projects with a total registered capital of US10.7 million. 158 projects with US$4 billion total registered capital were disbursed.

At present, some investors have conducted their surveys on several large projects in the province’s tourism sector. Sungroup has invested in tourism projects in Phong Nha – Ke Bang and Bao ninh – Hai Ninh. The An Viet Investment and Infrastructure Development Joint-stock Company has conducted its surveys to invest in a resort and golf course complex. In addition, businesses from South Korea and India have researched to invest in some projects in the fields of beach tourism and ecological tourism. The province is expected to become a huge tourism center of Vietnam and the Asian region, said Chairman.

In the forthcoming time, Quang Binh will pay attention to calling for investment in attractive and competitive fields such as infrastructures, industrial zones, industrial production, trade and tourism, agriculture, culture, health and education. The province will also focus on giving top priority to 35 key projects in trade and tourism infrastructure with a total estimated invesment of VND23,426 billion at the Quang Binh Investment and Tourism Promotion Conference 2015.

At the meeting, preferential mechanism and policies for investment in Quang Binh were also introduced to businesses and investors. Accordingly, the province will implement the highest preferential norms stipulated by the Government and Investment Law.

Besides, the province will also spend on supporting investors in tax and land, site clearance and technical foundation outside of industrial parks and industrial zones, and labor training.

“The BIDV initiated the conference in 2005 as a model to connect Government, investors and banks in investment promotion. The model had proved effective during previous conferences in the Central Highlands, North-Western region and Central-Southern region, especially in the socio-economic development of local areas”, Chairman of BIDV Board of Directors said at the meeting.

By Nhu Y
(Source: Finance Magazine)