HCMC firms pour over VND34 trillion into Nghe An

HCMC firms and investors have developed as many as 56 projects with total registered capital of over VND34,460 billion in the north-central province of Nghe An to date, the local media reported.

Speaking at a conference to sign the cooperation agreement between the city and Nghe An Province in the 2019-2025 period on April 13, Thai Thanh Quy, chairman of Nghe An Province People’s Committee, said that under the 2014-2019 cooperation pact on sustainable economic and social development, the two governments created favorable conditions for firms and investors to deploy their projects, contributing to the socio-economic development and solidifying the relationship between HCMC and Nghe An Province.

The number of firms and investors in HCMC entering the province to seek investment opportunities and tap the market is on the rise, Quy said, adding that, of the 56 invested projects, 36 were put into operation and have gained ground.

Apart from receiving investments into a wide range of fields such as science, technology, information and communications, health, culture, education and tourism, Nghe An Province has enjoyed the support from HCMC for social security and children care and protection programs valued more than VND18 billion, Quy said.

Addressing the conference held in Vinh City on April 13, Nguyen Dac Vinh, secretary of Nghe An Province's Party Committee, expected that lots of new investor waves from HCMC would invest into the province to exploit its great potential in the coming time.

The province committed to improve the investment environment, offering preferential policies and creating more favorable conditions for investors coming to the Nghe An market for their production and investment, Vinh said.

In addition, Nguyen Manh Cuong, director of the provincial Department of Tourism, voiced his concern over the province’s unattractive tourism products, saying that Nghe An Province is a potential market of tourism and cuisine, but these products have failed to draw visitors, especially international arrivals.

Also, Cuong said that the tourism underdevelopment were attributable to weak infrastructure and poor tourism services.

Bui Ta Hoang Vu, director of the HCMC Department of Tourism, said that the municipal tourism sector would continue to team up with HCMC-based travel firms to launch numerous special tours to the province and build a tourism connection between the two localities.

HCMC chairman Nguyen Thanh Phong said that following good results of the previous cooperation, the leaders of HCMC and Nghe An Province would constantly call on domestic and foreign investors for investments in the province, which is aimed to strengthen the two localities’ relationship.


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