Quang Binh seeks $4b from investors

09:05 | 02/07/2018

The central province of Quang Binh hopes to grant investment licences and sign commitments to implement projects with a total investment capital of up to US$4 billion during an upcoming investment promotion conference.

quang binh seeks 4b from investors
The central province of Quang Binh hopes to grant investment licences and sign commitments to implement projects with a total investment capital of up to US$4 billion during an upcoming investment promotion conference.– Photo infonet.vn

Province officials announced the plans at a press conference in Dong Hoi City on Friday.

Conference activities will include an investment promotion event in Singapore on July 5-8, a seminar on co-operation in developing tourism and connecting world heritages in Viet Nam sometime in July and an official investment promotion conference on July 22.

Vice Chairman of the provincial People’s Committee Tran Tien Dung said that during the conference, the province will release a list of 48 important projects in such areas as tourism, trade and services, eco-resorts, agriculture, industry, health, education and infrastructure to call for investment between now and 2020.

Among these are a 400ha coastal tourism and resort complex in Quang Trach District that requires a total investment of over VND1 trillion (roughly $44 million), a VND3 trillion project to grow herbal and fruit trees in Le Thuy District and a VND5 trillion auto assembling plant.

The officials hope that through the event, investors will see potential and opportunity in the province and recognise it as an attractive destination for domestic and foreign businesses.

Earlier, at an investment promotion event in the Philippines on June 8-12, Quang Binh signed two memoranda of understanding with AC Energy, Inc and B&T Windfarm Company on developing wind and solar power farms with a total investment of nearly US$500 million. The farms will have a combined capacity of 352 MW.

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