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Nghe An to attract 100 projects this year
19:57, 2015/03/02
The central province of Nghe An hopes to attract at least 100 projects with a registered capital of 20 trillion VND (952.38 million USD) in 2015, said Vice Chairman of the provincial People’s Committee Le Ngoc Hoa.
The official said he expects the new projects will provide jobs for 10,000-12,000 people. 
According to its recent investment attraction strategy, Nghe An will call for investment in crucial infrastructure facilities, such as the Cua Lo and Dong Hoi ports. 
It will prioritise projects in for-export manufacturing, mechanics, processing, building material production, trade and tourism services, high-tech agriculture, forestry development, and hospital construction, Hoa said. 
Cua Lo beach in Nghe An province
Cua Lo beach in Nghe An province
The province has opened the door to both domestic and foreign investors and will seek those with experience and financial strength such as groups, corporations and companies with a nationwide reach and from developed economies like Japan, the Republic of Korea, Singapore, Israel, the US, France, the UK, and Germany, he added. 
The Vice Chairman continued to say that Nghe An is working to improve the local investment climate and competitiveness while making the best use of support from the State and foreign organisations to attract investment.
It currently houses 776 projects, including 733 run by domestic investors with over 164.93 billion VND (7.85 million USD) in capital. The other 43 projects, valued at 1.61 billion VND (76.670 USD), are foreign investments. 
Some major operational projects include dairy cow farming and milk processing by the TH-True milk company, the Sabeco packaging factory, and the Ban Ve hydropower plant.
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