The People’s Committee of the central province of Thua Thien-Hue on May
28 held a seminar to seek way to support foreign-invested businesses
operating in the locality.
According to Deputy
Chairman of the provincial People’s Committee Phan Ngoc Tho, the
province has tried to create a favourable investment and business
environment for FDI firms.
Towards the target of
attracting from 10 – 15 FDI projects with total registered capital at
150 million USD this year, the province is focusing on completing a land
use plan, accelerating reforms of administrative procedures,
particularly those related to FDI management, and increasing investment
promotion activities.
Up to date, there have been
66 FDI projects worth nearly two billion USD operating in Thua Thien-Hue
province. During the first quarter of 2013, local FDI enterprises
earned 110 million USD in revenues, up 48 percent over the same period
last year. They contributed 273 billion VND (some 13 million USD) to the
state budget, an increase of 5 percent.
The
province’s FDI projects are getting bigger in scale, and more diverse in
fields, including garment and textile, tourism, food processing and
beverage.-VNA