The central province of Nghe An said it has lured 372 investment projects worth over 161 trillion VND (7.3 billion USD)since 2013including many large projects such as TH True Milk factory and Vietnam-Singapore Industrial Park.
Nghe An is drastically inspecting projects with slow progress. Since early this year, 85 such projects have been inspected, 13 of them were revoked and 10 others are likely to be cancelled.
The province is facing difficulties in attracting foreign investment as the potential of many promising sectors has yet been fully tapped, including high technology industry, animal breeding, forestry, agro-forestry and fishery product processing, and tourism. In 2017, the province will improve its investment environment to attract more domestic and foreign investors, the provincial People’s Committee said.
It will prioritizeattracting investment to a number of areas with high technological content and added value while paying more attention to the quality of investment projects.
