Illustrative image (Photo: baothuathienhue.vn) ThuaThien-Hue (VNA) - The central province of Thua Thien Hue has set atarget of luring 20 domestic and foreign-invested projects with a totalinvestment capital of about 10 trillion VND (429.2 million USD) by the end ofthis year.
Top priority will be given to Industry 4.0 areas including IT, hi-tech farming,new material production and biological technology, following the province’sinvestment promotion plan in 2020 issued on May 7 by the provincial People’sCommittee.
Other fields in focus are agricultural processing, infrastructure developmentof economic and industrial zones and non-tariff areas, processing andmanufacturing, supporting industries, real estate, as well as tourism,healthcare, education-training and others in value chains in Southeast Asia andAsia-Pacific.
Further attention will be paid to calling for investment from traditionalmarkets such as the Republic of Korea, Singapore, Thailand, Japan, Hong Kong,the US, Europe, and countries benefiting from Vietnam’s entry to bilateral andmultilateral free trade agreements.
To this end, the province will focus on building a database on investmentpromotion activities, accelerating the implementation of promotion campaigns inorder to better advertise its investment environment, policies and investmentopportunities.
Preparing adequate land resources for key projects, speeding up administrativereforms and facilitating investors in developing their projects in the localitywill be also included, according to the plan.
As of March 2020, the province was home to 119 valid foreign-invested projects,worth more than 3.86 billion USD, ranking 23rd among 64 localities in terms offoreign investment attraction, statistics from the Foreign Investment Agencyrevealed.
The province soared from 30th in 2018 to 20th in 2019 in the 2019 ProvincialCompetitiveness Index (PCI) released by the Vietnam Chamber of Commerce andIndustry this week.
Both law and order and labour training criteria achieved the highest scoreso far, at 7.35. Other sub-indices, namely transparency, time costs, informalcharges, policy bias and proactivity were considerably improved./.
Top priority will be given to Industry 4.0 areas including IT, hi-tech farming,new material production and biological technology, following the province’sinvestment promotion plan in 2020 issued on May 7 by the provincial People’sCommittee.
Other fields in focus are agricultural processing, infrastructure developmentof economic and industrial zones and non-tariff areas, processing andmanufacturing, supporting industries, real estate, as well as tourism,healthcare, education-training and others in value chains in Southeast Asia andAsia-Pacific.
Further attention will be paid to calling for investment from traditionalmarkets such as the Republic of Korea, Singapore, Thailand, Japan, Hong Kong,the US, Europe, and countries benefiting from Vietnam’s entry to bilateral andmultilateral free trade agreements.
To this end, the province will focus on building a database on investmentpromotion activities, accelerating the implementation of promotion campaigns inorder to better advertise its investment environment, policies and investmentopportunities.
Preparing adequate land resources for key projects, speeding up administrativereforms and facilitating investors in developing their projects in the localitywill be also included, according to the plan.
As of March 2020, the province was home to 119 valid foreign-invested projects,worth more than 3.86 billion USD, ranking 23rd among 64 localities in terms offoreign investment attraction, statistics from the Foreign Investment Agencyrevealed.
The province soared from 30th in 2018 to 20th in 2019 in the 2019 ProvincialCompetitiveness Index (PCI) released by the Vietnam Chamber of Commerce andIndustry this week.
Both law and order and labour training criteria achieved the highest scoreso far, at 7.35. Other sub-indices, namely transparency, time costs, informalcharges, policy bias and proactivity were considerably improved./.
VNA
