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Nghe An lands deals worth $457m
Ten investment agreements worth a total of VND9.6 trillion (US$457 million) were signed at a meeting between leaders of the central province of Nghe An and investors last Saturday.
The province granted investment licences to two projects with total capital of VND513 billion ($24.4 million)
Also at this annual meeting, the Bank for Investment and Development of Viet Nam committed to sponsor VND15 billion ($714,000) to develop an urban area in Nam Dan District.
The bank also promised VND500 million ($23,800) to support Nghi Xuan Commune of Nghi Loc District to develop its education sector.
In addition, the bank pledged to lend nearly VND3.1 trillion ($147.6 million) to enterprises who are doing business in Nghe An Province.
Deputy Prime Minister Nguyen Sinh Hung said enterprises and companies had to focus on the quality of their projects.
He also stressed that Nghe An Province, local enterprises and investors should support each other to achieve rapid and stable development.
Hung added that the province had the human resources and needed to attract more investors. However, the province must develop infrastructure as well as create new services to support projects such as banking, telecom, health care and educational services.
A meeting between investors and the provincial leaders is an annual event, held to review signed projects and find new solutions to solving difficulties as well as introduce new projects.
Through these meetings, the province has granted investment licences to 287 projects, worth VND99.3 trillion ($4.7 billion) from 2006-10.
Last year, the province's industrial production value reached VND8.5 trillion ($405 million), a year-on-year increase of 19.51 per cent.
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