Thua Thien-Hue: Improving business climate key to FDI attraction
Creating a transparent business environment will make the central province of Thua Thien-Hue become an attractive destination for foreign direct investments (FDI), heard a conference held in the locality on June 22.
The conference between the administration of Thua Thien-Hue province and foreign investors on June 22 (Photo: VNA)
Thua Thien-Hue (VNA) – Creating a transparent business environmentwill make the central province of Thua Thien-Hue become an attractivedestination for foreign direct investments (FDI), heard a conference held inthe locality on June 22.
According to Nguyen Van Phuong, Vice Chairman of the provincial People’sCommittee, there are 96 FDI projects with total registered capital of more than3.5 billion USD in the province. Particularly, the 2 billion USD Laguna Lang Coresort project in Chan May-Lang Co economic zone, developed by Laguna VietnamCo., Ltd under Singaporean Banyan Tree Holdings Limited, is among largest FDIprojects landed in the locality so far.
Last year, the FDI sector earned 800 million USD in revenue, contributed 87.7million USD to the state budget, and created jobs for over 17,500 labourers.
Thanks to the local efforts to streamline administrative procedures, create atransparent business environment, and various preferential policies, theprovince has been a destination of many world leading groups. Renownedinvestors in the province include Denmark’s Carlsberg, the US’s HBI andCaribbean Cruise, France’s Scavi, Hong Kong’s Luks Ceement, Thailand’s CP andChina’s Baosteel.
Vice Director of the provincial Department of Planning and Investment Le DinhKhanh pointed out challenges faced by local investors like skillful labourers,capital disbursement, land, and construction progress.
The province should work more to improve the business climate, promote andexpand production, while focusing on providing timely support for FDIbusinesses by organising regular dialogues to tackle their obstacles, he said.-VNA
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The conference between the administration of Thua Thien-Hue province and foreign investors on June 22 (Photo: VNA) 
