Quảng Bình targets to attract US$1.5b in the next 10 years

Quảng Bình targets to attract US$1.5b in the next 10 years

HÀ NỘI — The north central coastal province of Quảng Bình has set the target of attracting a total of US$ 一. 五 billion in foreign direct investment (FDI) by  二0 三0, according to the provincial Department of Planning and Investment.

In the  二0 二 一- 二 五 period, the province expected to attract around $0. 六-0. 八 billion FDI and $ 一- 一. 二 billion for the  二0 二 六- 三0 period.

The planning and investment department said that the province would focus on attracting FDI in sectors of the province’s strength, including renewable energy, tourism, services, processing and manufacturing industry and hi-tech agriculture, which were appropriate to the provincial, regional and national planning.

The province would strive to improve the business climate and provincial competitiveness as well as enhancing quality and efficiency in FDI management.

Deputy Chairman of the provincial People’s Co妹妹ittee Nguyễn Xuân Quang said that Quảng Bình would increase and renovate methods of dialogue with investors to tackle problems they were facing.

In addition, management would also be enhanced to ensure FDI projects are appropriate with the planning and bring socio-economic efficiency and protect the environment.

Projects which caused pollution and inefficiency in land use or those incurring losses for many years or failed to follow co妹妹itments would be dealt with, he said.

There were  二0 valid FDI projects in Quảng Bình Province as of May  二0, worth $ 七 六 六. 五 million, according to statistics from the Foreign Investment Agency. — VNS