Coastal Central Region Seeking Investors for 400 Projects

An investment promotion conference for coastal central Vietnam was held on November 21, aiming to attract investment into 400 projects worth US$9 billion.

 

The conference, held jointly by the Ministry of Planning and Investment (MPI) and eight provinces stretching from Thua Thien-Hue to Ninh Thuan in the region in Quy Nhon City, Binh Dinh province, has been the first event of this kind after Vietnam’s entry to WTO.

 

Participating in the gathering, investors will have a chance to study the investment environment in the above localities in four main areas of infrastructure in industrial production and construction; agro-forestry and fisheries, commerce, services and consultancy; tourism and education, sciences and hi-tech.

 

Besides, the MPI introduced the advantages and potential of central economic zones namely Chan May-Lang Co, Chu Lai, Dung Quat, Nhon Hoi and Van Phong to companies.

 

The conference is expected to spur investment flow into the region particularly foreign direct investment (FDI) which now accounts for around 4.74 per cent of the total figure licensed in Vietnam since the Law on Foreign Investment came into effect in 1988.

These localities have attracted 307 FDI projects worth US$2.7 billion to date, a modest number compared to nearly US$60 billion in the whole country.