Hai Duong approves seven projects worth 11.6 mil. USD
Earlier this month, the Hai Duong People’s Committee granted in-principle approval for seven new projects valued at more than 267 billion VND (11.6 million USD) in total.
Hai Duong (VNS/VNA) – Earlier this month, the Hai Duong People’sCommittee granted in-principle approval for seven new projects valued at morethan 267 billion VND (11.6 million USD) in total.
Among these projects are a 97 billionVND convention centre and office project, to be financed by Phu Thai trade andinvestment company; a 50 billion VND project producing electronics componentsto be funded by HTV investment and development company; and a petroleum tradingproject, to be developed by Anh Khoi trade and service company at a cost of 36billion VND.
In addition to domestic investors, Hai Duong has also emerged as an attractivedestination for foreign investment in recent years.
Statistics from the Ministry of Planning and Investment’s Foreign InvestmentAgency show that the province lured 450 million USD in foreign directinvestment (FDI) in the first half of this year, ranking 10th among the 46localities that received FDI in the period.
Of the total, 326 million USD came from 38 newly licensed projects while theremainder was added to 14 projects already in operation.
As of June this year, Hai Duong was home to 438 foreign-invested projects withcapital totalling more than 8.15 billion USD, retaining its position as one ofthe top ten localities in the country in terms of attracting foreign capital.
In order to lure more investment capital, the province should continue workingon administrative reforms, especially in the fields of taxes, fees, land andsocial insurance, as well as reducing the burden on enterprises duringinspections, analysts have said.
They also highlighted the need to improve business consultations and promotethe role of provincial business associations to consolidate the trust of thebusiness community, adding provincial leaders and localities need to hold moredialogues with business communities to solve pressing problems quickly.-VNS/VNA
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Illustrative image (Source: VNA) 
