Quang Binh to license $1.42 billion to investors
Quang Binh to license $1.42 billion to investors
Quang Binh will award investment cooperation agreements to 18 projects with a total investment value reaching $1.42 billion at an upcoming conference to announce the central province’s investment master plan, to take place in Hanoi on June 25.
The statement came from Quang Binh Department of Planning and Investment at a meeting between Quang Binh People's Committee and leaders of several departments involved with the conference.
At the meeting, Hoang Duc Thien, deputy director of Quang Binh Department of Planning and Investment, revealed that Quang Binh People's Committee will award investment cooperation notes at the conference to 18 projects from 17 investors, with a total registered capital sum reaching $1.42 billion.
Priority projects for investment in Quang Binh during the period 2021-2030 are those in line with national development strategies, as well as those attuned to the major development orientations of the whole country.
Three of these are infrastructure projects with a total investment value of $428 million, 14 are in real estate, reporting $840 million in total capital, and one project is in the mining industry, registering $150 million in capital value.
In addition, 10 further projects with total investments worth over $130 million in the fields of tourism, manufacturing, agriculture, and education hope to be awarded investment licences by Quang Binh People's Committee at the conference.
Priority projects for investment in Quang Binh during the 2021-2030 period are those in line with national development strategies, as well as those attuned to the major development orientations of the whole country, as stipulated by the national development plan.
Priority will also be given to projects with the potential for social and economic development, the efficient exploitation of natural resources, high-tech projects with little to no negative environmental impact, and those implemented by capable investors. Investors with a history of effective implementation of similar projects are also welcomed.
Quang Binh prioritises attracting foreign businesses with globally known brands, large financial capacities, stable and long-term investment policies, and will refuse labour-intensive, non-technological projects that may disrupt the region's labour supply.
For domestic ventures, Quang Binh will give priority to investments from large corporations, especially those in the Top 500 largest enterprises in Vietnam from the manufacturing, processing, tourism, and logistics industries.
