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CENTRAL PROVINCE ATTRACTS $5.8B
The central province of Quảng Nam granted 26 new foreign direct investment (FDI) projects with total captial of nearly US$300 million in 2018, bringing the total number of FDI projects in the province to 169, worth $5.8 billion.
Vice chairman of the provincial people’s committee, Huỳnh Khánh Toàn, held a press conference on Wednesday, stating that the province also granted investment licences to 64 domestic investment projects worth VNĐ6 trillion ($265 million) in total.
He said most of the major projects are based in the Chu Lai Open Economic Zone (OEZ), creating 21,000 jobs for local and neighbouring provinces.
Toàn said the province has developed 55 industrial complexes and nine industrial parks to offer investment opportunities.
The province, which is home to UNESCO-recognised world heritage sites such as Hội An and Mỹ Sơn Sanctuary, as well as world biosphere reserve Chàm Islands-Hội An, hosted 6.5 million tourists, of which 3.8 million were foreigners, marking growth of 21.5 per cent over last year.
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The executive board for Bình Dương Smart City has agreed to begin implementation of the smart city project this year, according to Mai Hùng Dũng, standing vice chairman of Bình Dương People’s Committee.
Once operational, the project is set to churn out aircraft components for the world’s aviation market, and employ 1,200 skilled labourers in mechanics, electricity and automation, along with 2,000 others in the support industry.
The amendments to the Law on Enterprise and Law on Investment must include stronger solutions to thoroughly and comprehensively reform State-owned enterprises (SOEs) and enhance their efficiency, according to the Vietnam Association of Financial Investors (VAFI).
It will apply data display technology to present results from quantitative models and carry out independent research reports to create annual targets and five-year plans for local governments.
In January and February, foreign investors poured money into 18 fields, with processing and manufacturing attracting 6.93 billion USD, or 81.8 percent of total registered capital. Property ranked second with 478 million USD, 5.6 percent of the total.