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Thua Thien – Hue attracts investment to IZs

The central province of Thua Thien – Hue has taken a number of
measures in an effort to attract more investment to its industrial zones
(IZs).

From this year, apart from speeding up site
clearance, the province continues push up administrative reforms,
improve legal framework, offer preferential policies, help investors
build factories, and mobilise capital resources for infrastructure
construction in industrial zones.

In addition, Thua
Thien-Hue focuses on human resource development, particularly vocational
training for spearhead industries, as the demand on trained labourers
is increasing. Its industrial zones need 15,000 trained labourers each
year, and the figure is expected to increase in the time to come.

The province has attracted 66 foreign investment projects with a total
registered capital of nearly 2,000 USD, covering a wide variety of
fields such as garment and textiles, tourism, food and beverage
processing.

In the first quarter of the year, FDI
projects’ turnover in the province reached 110 million USD, up 48
percent over same period last year and contributed over 11 million USD
to state budget.-VNA

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