Nghe An promotes investment opportunities

Ho Duc Phuoc, chairman of the provincial People’s Committee, made the remarks at an investment promotion conference in Nghe An on February 23.

He said the province has introduced numerous incentives to attract investment in such priority areas as high-tech and clean technology industries.

Our consistent policy is to facilitate business operations for mutual benefits, said Phuoc.

He also assured the local administration will deliberately revoke licenses granted to project investors that fail to implement the project on schedule or capitalise on the incentives to operate illegally.

Economists and businesses attending the event proposed that Nghe An boost inter-regional links to attract more investment and create harmonious development between Nghe An and other localities in the North-central region and other regions in the countries.

They also proposed that the province speed up land clearance, further simplify investment procedures, and shoulder difficulties with businesses for shared development.

In his speech, National Assembly Chairman Nguyen Sinh Hung asked Nghe An to better the administration-business relationship, restructure the local economy with a focus on public investments, and fully tap its potential.

The province should pay special attention to inter-regional links in line with national development planning, upgrade infrastructure, and invest heavily in high-technology and eco-tourism for sustainable development, said Hung.

He reminded the province to create an attractive investment environment based on its complete transport infrastructure.

Domestic and foreign businesses signed a number of contracts worth nearly VND6,000 billion at the gathering.

This is the fifth time Nghe An has hosted such investment promotion conference. It has so far attracted 335 local and foreign investment projects.