Quang Binh successfully calls for VND92trn in investment
  • | | January 18, 2021 10:43 AM
Quang Binh People's Committee signed a memorandum and investment decision to 35 projects with a total investment cost of VND92trn (USD3.9bn) at its investment promotion conference for this year.


Deputy Prime Minister Trinh Dinh Dung

A total of 28 investors were given investment decisions for their projects on January 17 at the 2021 investment promotion conference. Deputy Prime Minister Trinh Dinh Dung, representatives of various ministries and agencies and 500 firms in Quang Binh attended the conference.

The conference aimed to encourage firms to carry out field surveys in Quang Binh to find investment opportunities and boost socio-economic development in the province. It was also a review conference to look back at the achievements and shortcomings of the 2018 investment promotion conference, speed up on-going projects and find opportunities amid Covid-19.

Tran Thang, chairman of Quang Binh People's Committee said that since Quang Binh is located on the East-West Economic Corridor, has a good transportation system and rich ecosystem with 123,000ha Phong Nha-Ke Bang National Park, it could be one of the top destinations for extreme sports tourism and exploration tours in Asia.

For the 2021-2023 period, Quang Binh authorities called for investments for 62 projects in agriculture, industry, energy, tourism and infrastructure development.

Deputy Prime Minister Trinh Dinh Dung transferred the investment decision of the Quang Trach 2 Thermal Power Plant with a capacity of 1,200MW and an investment of VND48trn (USD2bn) to EVN. Bao Ninh Golf Project with an investment of VND800bn (USD34m) was given to Truong Thinh Group.

The leaders of Quang Binh People's Committee transferred the investment decisions and memorandums to 28 investors of 35 projects that have a total investment of VND92trn. Two key projects of Quang Binh, which are aircraft parking lot expansion at Dong Hoi Airport and the coastal access road to Nhat Le 3 Bridge, were also launched.

Dung praised Quang Binh authorities' efforts in holding the conference before the 13th National Congress. Dung said Quang Binh needed to reform its administrative system and simplify procedures to improve the business environment and attract more investors.

He asked ministries and departments to help Quang Binh with its administrative reforms and to ensure that all projects will be on schedule. He also asked investors to follow up on their commitments, disburse the money quickly, and protect the environment.

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