Nghe An(VNA) – The central province of Nghe An is striving to lure eight foreigndirect investment (FDI) projects worth 100 million USD in 2018.
To that end, theprovince is working actively with international organisations to call for FDIprojects, namely the Japan International Cooperation Agency (JICA), the KoreaTrade-Investment Promotion Agency (KOTRA), the Association of German Chambersof Commerce and Industry (DIHK), the American Chamber ofCommerce (AmCham), the Australian Chamber of Commerce in Vietnam (AusCham), theDutch Business Association Vietnam (DBAV), the European Chamber of Commerce inVietnam (EuroCham), and the Hong Kong Chinese Enterprises Association.
Nghe An willalso accelerates the progress of existing ODA projects covering a range offields, including infrastructure development for Vinh city funded by the WorldBank, the upgrading of irrigation systems funded by JICA, and the upgrading ofinfrastructure in flood-prone areas funded by the Saudi Arabia Fund.
The provincewill review the list of prioritized projects and sectors calling for ODA andpreferential loans from sponsors by 2020.
The locality expectsto mobilise 2-3 million USD from international non-governmental organisations(NGOs) in 2018 for its approved projects, in line with the province’s plan forthe 2017-2020 period.
Together with expandingcooperation and seeking measures to effectively lure FDI projects andinternational aid, the province will also make greater efforts to expand exportmarkets, in a bid to earn 950 million USD this year.
Currently, NgheAn has established cooperative ties with numerous foreign partners, which havebeen proven effective in boosting the province’s socio-economic development.-VNA
Nghe An has implemented measures to lure more investments, including enhancing the role of the provincial centre for investment promotion, holding investment promotion activities and helping investors solve difficulties.
The index of industrial production (IIP) in the central province of Nghe An in the first three months of 2018 is forecast to rise 15.21 percent against the same time last year, according to the provincial Department of Industry and Trade.
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Illustrative image (Source: VNA) 
