Nghe An: Over 60% of investment projects are in the service sector.

(Baonghean.vn) - In 2017, the investment attraction sector in Nghe An province shifted towards increasing the proportion of projects in the service sector, accounting for 62% of the total number of projects..

In 2017, the entire province granted new licenses (investment approval/investment registration certificates) to 158 projects with a total registered investment capital of VND 14,926 billion. 14 projects were adjusted, with the adjusted capital increasing by over VND 303 billion. The total newly granted and adjusted capital amounted to VND 15,229 billion. The registered investment capital per project was VND 96.38 billion.

Investment attraction in Nghe An province has shifted towards increasing the proportion of investment in the service sector, with 98 projects and a total registered capital of VND 3,720.12 billion, accounting for 62.02% of the number of projects and 24.43% of the total investment capital.

FLC Group surveys investment opportunities in Nghi Tien commune, Nghi Loc district. Photo: Viet Phuong

In addition, the industrial production sector has 43 projects/9,012.19 billion VND (accounting for 27.22% of the number of projects and 63.95% of the total investment capital); the socialized sector also attracted 10 projects/641.18 billion VND.

Several large projects were newly approved in the first 11 months of 2017: WHA Hemaraj Industrial Park investment project (VND 2,056 billion); MDF fiberboard manufacturing plant (VND 1,754 billion); Cau Cau mixed-use tourism, service and resort area (VND 1,532 billion); Container manufacturing plant of TKV Group Joint Stock Company (VND 549 billion); Nghi Yen waste treatment project of Jet Japan Joint Stock Company (VND 600 billion)...

Most of the licensed projects are currently undergoing investment procedures. Some projects that attracted investment in previous years are progressing quite quickly, such as the Song Lam Cement Project, Masan Pig Farm, Vinpearl Cua Hoi, projects by Mavin Group, Hoa Sen Group, etc.

However, according to assessments, this year attracted 35 more projects compared to the same period in 2016, but the registered investment capital decreased by more than half. The number of large-scale, groundbreaking projects in 2017 was not significant; most were small-scale projects, concentrated in sectors such as mining, mineral processing, and construction materials.

Viet Phuong