News Detail - Quang Tri Portal

Quang Binh is regarded as one of the provinces that have a good business and investment environment in the country. The Provincial Competitiveness Index (PCI) has been considerably improved. Therefore, the province's business and investment climate has seen many positive changes, attracting a large number of domestic and foreign investors and big corporations to the province.

Bao Ninh Beach Resort

The province has implemented comprehensive solutions such as organizing investment promotion conferences to speed up the spread of its images, potential and investment opportunities to domestic and foreign friends; organizing many meetings and dialogues between provincial leaders and investors; building and approving list of projects calling for investment; reviewing and adjusting the master plan on socio-economic development of districts and city until 2020, etc.

Quang Binh province has taken advantage of the supports of investment and development capital, ODA capital and preferential loans from the government, ministries and central agencies and sponsors in order to conduct key projects and gradually synchronize system of socio-economic infrastructure, serving the shift of economic structure of the province.

On July 18th, 2017, the Provincial People's Council issued Resolution No.19/2017/NQ-HDND on approving regulation of some preferential policies and investment support in the province, including incentive policies and general investment support (incentives on tax and land; supports of site clearance; supports for investment in the construction of technical infrastructure outside the fences of industrial parks, export processing zones and economic zones; supports for labor training); investment support for tourism accommodation establisments; support for opening new flights, etc.

With the province's preferential policies, many domestic and foreign investors such as India, South Korea, Czech, Taiwan, etc have come to seek more investment opportunities. From 2016 to now, the province has lured 184 projects (123 projects in 2016 and 61 projects in the first eight months of 2017) with a total registered capital of over VND15,629.77 billion.

In addition, the province has also attracted 9 FDI projects with a total registered capital of USD614.335 million with many key projects such as Hai Ninh luxury resort worth VND3.600 billion invested by Faros Construction Joint-stock Company; FLC Quang Binh luxury resort and entertainment complex worth VND4,800 billion; the beef raising project worth VND996 billion invested by the Hoa Phat Company; VinGroup Trade Center, etc.

Especially, the province issued license of investment for 01 FDI project (the USD55.6 million solar power project of Dohwa Group) in July of 2017.

In order to attract more investments, the province continuously improves infrastructure system, inovates investment promotion activity; enhances effectiveness of investment attraction together with improving investment climate; speedes up investment attraction in the province's advantaged fields.

In addition, the province also focuses on organizing periodical meeting and dialogues between the provincial leaders and investors and enterprises in order to timely deal with difficulties in the process of implementing projects in the province, etc.

By Nhu Y
(Source: Quang Binh Newspaper)