Nghe An attracts 150 "hundred billion projects" in 5 years

On the afternoon of February 14, the Standing Committee of the Provincial Party Committee met with the press agencies on the occasion of the Spring of the Year of the Pig. Attending the meeting were comrades: Nguyen Dac Vinh - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Head of the Provincial National Assembly Delegation; Nguyen Xuan Son - Standing Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council; Nguyen Van Thong - Deputy Secretary of the Provincial Party Committee. The meeting was attended by comrades of the Standing Committee of the Provincial Party Committee: Nguyen Thi Thu Huong - Head of the Provincial Party Committee's Propaganda Department, Cao Thi Hien - Vice Chairman of the Provincial People's Council, Le Minh Thong - Vice Chairman of the Provincial People's Committee, Nguyen Huu Cau - Director of the Provincial Police. Comrade Le Ngoc Hoa - Vice Chairman of the Provincial People's Committee and representatives of leaders of departments, branches and sectors also attended. Photo: Thanh Duy

This is the information given by the leaders of Nghe An Provincial People's Committee at the meeting of the press agencies on the occasion of Spring Ky Hoi of the Provincial Party Standing Committee held on the afternoon of February 14.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa said that the number of completed and operational projects, or projects being implemented, accounts for the majority of the total number of projects approved in principle or granted investment licenses (129 projects, total capital accounting for 87%).

Of the 150 projects, 55 projects with an investment capital of VND 42,868 billion, accounting for 48% of the total registered capital, have come into operation; 74 projects with an investment capital of VND 34,428 billion, accounting for 39% of the total registered investment capital, are implementing procedures and are under construction.

There are only 21 projects with a total investment capital of VND 11,845 billion, accounting for 14% of the total registered investment capital, in the group that has not been implemented or has had its investment policy/investment registration certificate revoked.

Specifically, the group of unimplemented projects has 11 projects with a total registered investment capital of VND 3,215 billion (4%), the group of revoked projects has 10 projects with a total registered investment capital of VND 8,630 billion (10%).

At the 2018 Spring Investor Meeting, the province granted investment approval decisions/investment certificates to 9 projects, of which 1/9 projects have come into operation, 8/9 projects are being implemented on schedule as committed.

Also at this conference, the province signed 16 investment agreements. To date, 3/16 agreements have been granted investment policy approval decisions after signing; 9/16 investors have submitted documents to the province's One-Stop-Shop; 4/16 investors are studying to prepare investment project documents.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa spoke at the meeting. Photo: Thanh Duy

At the press conference in the early Spring of the Year of the Pig, mentioning the effectiveness of the projects, Provincial Party Secretary Nguyen Dac Vinh said that each year Nghe An creates an average of 35,000 - 40,000 new jobs for workers. In particular, the investment projects that have come into operation have contributed mainly to the above figure.

Regarding budget revenue contribution, because many projects in the early stages of operation are enjoying investment incentives in economic zones and industrial parks, there is a certain time lag.

Informing journalists, the Provincial Party Secretary affirmed that Nghe An pays great attention to creating jobs and job quality for workers in investment attraction projects.

Vissai international seaport in Nghi Thiet - Nghi Loc. Photo archive.

Nghe An will hold the Spring 2019 Investor Meeting on the afternoon of February 23 in Cua Lo. This is the 11th conference held, an opportunity for Nghe An to meet and express gratitude to investors, as well as an opportunity to connect and call on domestic and foreign investors and businesses to continue to pay attention to learning, surveying and implementing investment activities in the province.

With the motto: The government accompanies businesses and investors, the success of businesses is the success of the province, Nghe An has been determined to strongly improve the investment and business environment, enhance the provincial competitiveness index, making Nghe An a reliable address for domestic and foreign investors.