Quang Binh meets potential investors

This statement was made at the meeting with potential investors in Ha Noi yesterday. The event jointly held by the province and the Joint Stock Commercial Bank for Investment and Development of Vietnam was part of its preparation for the upcoming conference to promote investment in the province earlier next month.

Up to now, Quang Binh province has received 267 registered projects with a total investment of VND100 trillion ($4.76 billion), of which 158 projects have been under implementation with a registered capital of VND78.9 trillion ($3.75 billion).

During 2014-2015 period, the province will focus on investment attraction in six highly competitive areas with 40 key projects.

In the infrastructure area, the province calls for investment in two key projects, including Bao Ninh and Phu Hai new urban areas with a capital investment of at least VND1.1 trillion ($52.3 million).

There are 9 projects relating to trade and tourism, of which the priority is given to 3 key projects, including Phong Nha - Ke Bang with a total invesment of about VND2 trillion ($95.2 million); Da Nhay - Ba Trai tourism complex with an estimated capital of VND1,5 trillion ($71.4 million), Bao Ninh ecological urban area and golf course with an estimated capital of VND1.4 trillion ($66.6 million).

In the industrial area, the provicne looks for investment in 17 projects, with a focus on the Quang Trach 2 thermoelectric plant with a 1,200MW capacity in the Hon La Economic Zone with an investment of $1.3 billion; a 20-hectare auto assembling factory with an investment of $500 million and the wholly foreign-invested Hon La Port and oil pipeline project to Laos with an investment of $200 million.

In the fields of infrastructure development in the industrial parks, there are 3 key projects, including the 450-hectare Cam Lien industrial park with a total investment of at least VND3.35 trillion; the Hon La II industrial park and North West Quan Hau industrial park with an investment of at least VND2,25 trillion.

Besides, investment projects also focus on developing in facilities for wood production, electronic goods assembly, seafood processing and foowear production. In the fields of healthcare, culture and education, there are four projects and argricultural production has two projects.

In addition, the province will boost investment cooperation in the fields of exploitation and use of cave system, technology transfer, agricultural development and renewable energy development...

The province has announced special preferential policies for attracting investment. The important policies initiated by the province were related to taxes on land use right, land and water rentals and corporate income tax.

In addition, the province has also pledged to initiate other policies to assist investors, such as labour training costs, land clearance, and technical infrastructure.

www.quangbinh.gov.vn