Central province of Thua Thien-Hue works to attract more investment
The central province of Thua Thien-Hue works to attract more investment – Thua Thien Hue is regarded as a rendezvous for investors thanks to its central geographical location, a fairly complete and convenient communication and infrastructure system.
The central province of Thua Thien-Hue will continue accelerating administrative reform to facilitate investors’ operation, while strengthening support to investors, especially training human resources serving the demand of enterprises.
According to Hoang Viet Trung, Vice Director of the provincial Department of Planning and Investment, the province will create optimal investment and business environment with attractive incentives and smooth management mechanisms, thus helping investors have long-term and stable operation.
Amid the Fourth Industrial Revolution, the province gives top priority to developing information technology workforce, high-tech agriculture and bio technology.
It will also prioritize investors with major brands, banks’ prestigious partners, domestic and foreign investment funds, and successful domestic enterprises.
Trung said that the province will focus on creating easier capital access to businesses, especially small- and medium-sized enterprises and startups.
In the first seven months of 2019, Thua Thien-Hue saw the establishment of 405 new firms with a combined registered capital of over 4.6 trillion VND (197.8 million USD), up 45% year on year.
Trung said that in the period, the province’s budget collection reached nearly 4.2 trillion VND, up 8.7% year on year, while export revenue also rose 10%. Small businesses made great contributions to the results, he added.
He also noted that the province’s activities to support and build startup ecosystem or innovative startups have focused on serving enterprises and help startups develop in the right direction.
This year, Thua Thien-Hue plans to attract 15 domestic and foreign projects worth 400 million USD.
Further attention will be paid to calling for investment from traditional markets such as the Republic of Korea, Singapore, Thailand, Japan, Hong Kong (China), the US, Europe, countries benefiting from Vietnam’s entry to bilateral and multilateral free trade agreements, and investors in China.