In the recent time, the number of investment projects registered by foreign and domestic investors and economic corporations has seen a remarkable increase. As of the end of 2012, the total number of registered projects in the province was 313 projects with a registered capital of over VND141,000 billion, of which, there were 04 FDI projects, 52 projects in industrial parks, economic zones and export processing zone and other 261 projects.

Standing Vice Chairman of the Provincial People's Committee Nguyen Xuan Quang inspects the progress of Quang Trach Thermoelectric Center Project

In order to achieve these results, the province has actively organized workshops on investment promotion and had many talks with organizations and investors, especially big corporations. As a result, the province has attracted a lot of key projects, including Quang Trach Thermoelectric Center No.1 of the Vietnam Oil and Gas Group with a capacity of 1,200 MW and an investment of VND32,000 billion; Van Hoa Cement Plant of the Vietnam building materials limited company with a capacity of 1.6 million tons clinker/year and an investment of about USD250 million; Chau Hoa high-quality lime production plant of the Linh Thanh Company with a capacity of 0.5-1 million tons powdered lime a year and an investment of USD55 million.

From 2006 to now, the province has also carried out investment promotion in Japan, South Korea, the Republic of Czech, the Republic of Germany and Australia with the aim of strengthening the understanding and seeking investment opportunities from foreign investors. Through this program, the province has also signed many memorandums of understanding and investment agreements with organizations and investors in many different countries and created favorable conditions for provincial enterprises to exchange and cooperate with foreign enterprises in many fields.

In the coming time, the province will continue to strengthen investment promotion towards improving the quality and efficiency; speed up progress of implementing the on-going projects; have preferential policies to attract investors and new projects, especially large-scale projects, making a breakthrough in socio-economic development of the province.

In addition, the province will mobilize all resources with a focus on building and developing socio-economic infrastructure; accelerating the progress of key projects to attract investment; training and making a full use of human resources with professional skills; strongly improving administrative procedures, especially procedures of investment and business; effectively implementing the program on improving investment and business environment of the province, contributing to creating a sound and attractive environment for foreign and domestic investors.

Reported by Mai Anh
(www.quangbinh.gov.vn)