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Thua Thien - Hue attracts 140 investment projects
  • | Nhan Dan | April 10, 2017 12:17 PM
Industrial zones in Thua Thien - Hue provinces attracted three projects in the first quarter of this year, raising the total number of projects to 140 with a total registered capital of VND64.3 trillion (US$2.83 billion) including 35 foreign direct investment (FDI) projects worth US$1.74 billion.

A corner of the Phu Bai Industrial Zone

To achieve the target of attracting 20 projects investing in industrial and economic zones this year, Thua Thien - Hue will focus on administrative reforms and creating favourable conditions for investors.

Almost all industrial zones in the province have been filled with projects including 98.5% of the Phu Bai Industrial Zone; 74% of the Phong Dien Industrial Zone and its expanded area; 42.5% of the Phu Da Industrial Zone, among others.

Notably, the province is establishing a Phong Dien garment and textile supporting industrial zone with an area of 400ha to attract investors in this field.

The province prioritises attracting projects using advanced technology in the Phong Dien Industrial Zone, which will be provided with a full financial support for the clearance of unexploded ordnances left from the war in addition to tax and banking loan incentives.

Enterprises investing in industrial and economic zones in Thua Thien - Hue will be offered with many preferential policies and investment support related to land clearance, land lease, clearance of unexploded ordnances, electricity and water supply, vocational training, tax incentives, and administrative procedures, among others.

The province is boosting infrastructure improvement and investment promotion to foreign countries to attract more investors, contributing to local economic development.

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