Nghe An lures nearly 31 trillion VND in investment
The central province of Nghe An has attracted 120 projects with total investment of nearly 31 trillion VND (1.36 billion USD) so far this year, according to the provincial People’s Committee.
TH True Milk factory in Nghe An (Source: Zing News)
Nghe An (VNA) – The central province of NgheAn has attracted 120 projects with total investment of nearly 31 trillion VND(1.36 billion USD) so far this year, according to the provincial People’sCommittee.
Since 2013, the locality has lured 372 investment projects worthover 161 trillion VND (7.3 billion USD), including many large projects such as Vietnam-Singapore Industrial Park and THTrue Milk factory.
However, the committee assessed that the province is facingdifficulties in attracting foreign investment as the potential of manypromising sectors has yet been fully tapped, including high technologyindustry, animal breeding, forestry, agro-forestry and fishery product processing,and tourism.
Meanwhile, asynchronous administrative reform and slow implementationof the one-stop-shop model in some agencies are affecting the local investment environmentand hindering investors’ access.
In 2017, the province will improve its investment environment to attract moredomestic and foreign investors in 2017, the provincial People’s Committee said.
It will prioritise luring investment to a number of areas with hightechnological content and added value while paying more attention to thequality of investment projects.
Nghe An is drastically inspecting projects with slow progress. Since early thisyear, 85 such projects have been inspected, 13 of them were revoked and 10others are likely to be cancelled.-VNA
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TH True Milk factory in Nghe An (Source: Zing News) 
