Conference "Meeting with Investors in Spring 2014"

(Baonghean.vn) - On the morning of February 15th, in Vinh City, the People's Committee of Nghe An province, in coordination with the Party Committee of the Central Business Bloc and the Vietnam Investment and Development Bank (BIDV), organized a meeting with investors for the Spring of the Year of the Horse.

Attending the conference were Comrade Nguyen Sinh Hung - Member of the Political Bureau, Chairman of the National Assembly; Central Committee members: Vuong Dinh Hue - Head of the Central Economic Committee; Tran Van Hang - Chairman of the National Assembly's Foreign Affairs Committee; Nguyen Van Binh - Governor of the State Bank of Vietnam; Trinh Dinh Dung - Minister of Construction; Phan Dinh Trac - Deputy Head of the Central Internal Affairs Committee… along with leaders of central ministries, departments and agencies, and leaders of Binh Dinh, Binh Duong, and Lam Dong provinces...

Representing Nghe An province were: Mr. Ho Duc Phoc – Secretary of the Provincial Party Committee; Mr. Tran Hong Chau – Standing Deputy Secretary of the Provincial Party Committee; Mr. Nguyen Xuan Duong – Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee; along with members of the Provincial Party Standing Committee, the Provincial National Assembly Delegation and Provincial People's Council; departments, agencies and districts, cities and towns, and more than 750 delegates.

The Presidium presided over the conference.

Delegates attending the conference

Speaking at the meeting with investors, Comrade Nguyen Xuan Duong summarized some of the province's socio-economic development achievements in 2013. GDP growth reached 7%; per capita income reached nearly 24 million VND; budget revenue reached 6,487 billion VND, equivalent to 123.1% of the projected target. Social security was ensured, and the poverty rate decreased to 12.5%. Notably, in 2013, the province granted investment certificates to 89 projects, including 84 domestic investment projects with a total registered capital of 13,310 billion VND and 5 foreign direct investment (FDI) projects with a total registered capital of 21 million USD. To date, Nghe An province has a cumulative total of 627 investment projects, including 588 domestic investment projects worth VND 109,589 billion and 39 FDI projects with a total capital of over USD 1.4 billion.

National Assembly Chairman Nguyen Sinh Hung delivered a speech at the conference.

Among these successes, Comrade Nguyen Xuan Duong acknowledged the significant contribution of organizing the Investor Meeting Conference over the past five years. Looking ahead, the Provincial Chairman pledged that Nghe An will do its utmost to fulfill its responsibilities, truly stand alongside and support businesses, and create the most favorable conditions for investors to conduct sustainable and effective business in Nghe An. This will contribute to Nghe An's successful implementation of Resolution 26 of the Politburo.

Comrade Nguyen Van Binh delivered a speech at the conference.

Speaking at the conference, Mr. Nguyen Van Binh, Governor of the State Bank of Vietnam, highly appreciated the socio-economic development of Nghe An in recent years. Regarding development orientation, Mr. Nguyen Van Binh recommended that Nghe An should focus on developing supporting industries and industries using products from the petrochemical and metallurgical industries currently being implemented in Thanh Hoa and Ha Tinh provinces. At the same time, the province should continue to be a pioneer in the development of high-tech agriculture and expand the cultivation of various crops to develop rural areas, especially in western Nghe An. In addition, the province needs to leverage its potential to become a center for education and healthcare for the entire North Central region and Laos. On the banking sector's side, the Governor of the State Bank of Vietnam committed that the credit system in Nghe An will provide capital for investment projects in the province; each credit institution in Nghe An will sponsor a poor commune in western Nghe An, contributing to the sustainable poverty reduction of this area.

Comrade Ho Duc Phoc - Secretary of the Provincial Party Committee, delivered a speech at the conference.

Speaking at the conference, Mr. Nguyen Van Ngoc – Deputy Secretary of the Party Committee of the Central Enterprise Bloc and Mr. Tran Bac Ha, Chairman of the Board of Directors of BIDV, assessed that the investment environment in Nghe An is increasingly open; with a large number and high quality of labor. These units will continue to support businesses that have invested and are investing in Nghe An, including the western region of Nghe An.

Comrade Nguyen Xuan Duong - Chairman of the Provincial People's Committee, reported on the socio-economic situation of Nghe An.

Speaking at the conference, Comrade Nguyen Sinh Hung, Member of the Political Bureau and Chairman of the National Assembly, instructed: Nghe An must review its development strategy and prepare the content for the upcoming Provincial Party Congress Resolution, striving to become a prosperous province. To achieve this, Nghe An must focus on continuing to research appropriate and breakthrough mechanisms and policies, creating the most favorable conditions, promptly resolving difficulties and obstacles, adopting new approaches, and providing more decisive leadership to ensure investors implement projects quickly and effectively. At the same time, the province must prioritize the development of education and training, developing a highly skilled workforce with strong management capabilities; ensuring social security, eradicating poverty, and improving the material and spiritual lives of the people.

The Vietnamese Embassy in Laos delivered a speech at the conference.

Concluding the conference, on behalf of the provincial leadership, Comrade Ho Duc Phoc – Secretary of the Provincial Party Committee – acknowledged the directives from Comrade Nguyen Sinh Hung and the Governor of the State Bank of Vietnam. Nghe An province committed to continuing to significantly improve the investment and business environment, issuing appropriate and consistent preferential policies to support investment; and effectively implementing the principle of the government accompanying businesses, promptly resolving difficulties and obstacles faced by investors during the registration, implementation, and execution of projects.

Signing of investment commitments between provincial leaders and businesses.

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At the conference, the Provincial People's Committee signed agreements and awarded investment certificates to 10 investors. Specifically, agreements were signed between the Provincial People's Committee and investors for 9 projects, and investment certificates were awarded for 3 projects. The total capital reached over 18 trillion VND. These included large projects such as: the Nghe An Industrial Park – Urban and Service Complex by BECAMEX Corporation (Binh Duong) (3,000 billion VND); the Hoa Sen Steel Sheet Manufacturing Plant by Hoa Sen Group (1,500 billion VND); and the Ngu Island - Lan Chau tourism project (1,800 billion VND). The Vietnam Investment and Development Bank (BIDV) signed credit agreements with investors. In addition, several memoranda of understanding between investors and partners were also signed at the conference. The conference also acknowledged outstanding achievements and honored 15 collectives with excellent achievements in the socio-economic development of the province. Mr. Nguyen Van Binh – Governor of the State Bank of Vietnam – presented 50 billion VND in social welfare support from the banking sector to support the construction of the Truong Bon Martyrs' Memorial and Square.

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