Hoa Binh inks deals worth blns of USD at investment promotion event
Hoa Binh inks deals worth billions of USD at investment promotion conference
Leaders of the northern province of Hoa Binh handed approval decisions on nine projects and signed Memorandums of Understanding with 15 investors on 19 projects with total registered capital of 94 trillion VND (approximately 4 billion USD), at an investment promotion conference on December 11.
Prime Minister Nguyen Xuan Phuc (front, second, left) visits stands introducing Hoa Binh's agricultural products at the investment promotion event (Photo: VNA)
Hoa Binh (VNA) –Leaders of the northern province of Hoa Binh handed approval decisions on nineprojects and signed Memorandums of Understanding with 15 investors on 19projects with total registered capital of 94 trillion VND (approximately 4billion USD), at an investment promotion conference on December 11.
Addressing the conference, PrimeMinister Nguyen Xuan Phuc hailed Hoa Binh for its 8.36 percent growth rate,which is the 19th highest level among provinces and cities in thecountry.
He highlighted the province’sconvenient location between the northwest and the northern delta, along withbeautiful natural landscape, good environment and rich culture of local ethnicgroups, and urged Hoa Binh to optimize its potential and advantages to becomethe driving force for economic growth in the northwest region.
The Government leader suggestedthe province focus on four spearhead economic sectors, which are eco-culturaltourism, hi-tech agriculture to supply farm products for the capital region andfor export, industrial production in designated areas, and ecological urbanareas.
PM Phuc assigned ministries andagencies to facilitate investment attraction and socio-economic development inHoa Binh through policies and mechanisms and key infrastructure projects.
Hoa Binh currently houses 38foreign invested projects worth a combined 702 million USD and 508 domesticinvestment projects with total registered capital amounting to over 66.8trillion VND.-VNA
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Prime Minister Nguyen Xuan Phuc (front, second, left) visits stands introducing Hoa Binh's agricultural products at the investment promotion event (Photo: VNA) 
