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The Prime Minister presides over the meeting with investors in Nghe An

This morning (March 10th), in Vinh City, Nghe An People’s Committee along with Bank for Investment and Development of Vietnam (BIDV) held the 10th meeting with investors in 2018. The Prime Minister Nguyen Xuan Phuc presided over this meeting.

Attending the meeting, there were representatives of leaders, former leaders of the Party, the Senate, ministries and more than 800 delegates who are chairmen, general directors of both domestic and international corporations, enterprises and investors.

Speaking to welcome the investors to Nghe An province, Mr. Nguyen Xuan Duong – the Chairman of the Provincial People’s Committee announced some achievements of Nghe An Province in 2017, evaluated the results of 10-year investment attraction, also introduced some potentials and advantages of Nghe An in attracting investment in the coming time.

Mr. Nguyen Xuan Duong stressed that Nghe An has been determining to improve the investment environment and raise the provincial competitiveness index to make Nghe An a trustworthy place for investors.

The Chairman of Nghe An People’s Committee also expressed his desire to receive contributory feedbacks from the delegates and investors so that the province could to do better in supporting enterprises.

The general purpose is: investors benefit, Nghe An province develops rapidly, Nghe An children have jobs and income contributing to the prosperity of Nghe An Province, make Nghe An deserved to be a center on 10 fields of the North Central Region as in the Resolution No.26 of the Politburo.

“The meeting today marked the 10th anniversary of the meeting with investors in early spring. This is a step by step improvement of the quality of the investment environment, thus solving the difficulties of enterprises and investors, especially the big and prestigious investors to cooperate and develop sustainably”, Mr. Nguyen Xuan Duong emphasized.

The meeting also noted the opinions of economic specialists, enterprises and investors for Nghe An to continue well implementing the objectives of raising investment attraction, for example, Nghe An needs to simplify its administrative procedures, promote high-quality human resource training, plan material resource and jointly remove difficulties for investors.

Orient and establish large projects in order to create a strong change in the socio-economic development structure, suitable for the general economic development trend of the North Central Region to build Nghe An into a relatively good province in Northern region; is a center of finance, trade, tourism, education and training, science and technology, healthcare, culture, sports, high technology industry in the North Central Region as in the Resolution No.26 of the Politburo.

At the meeting, Nghe An People’s Committee granted certificates of investment registration, approved the investment policy for nine projects and signed 16 memorandums of investment cooperation into Nghe An Province with the total registered capital up to 13,152 billion VND.

In terms of the bank, as the sponsor and the coordinator of capital arrangement for investment projects, Bank for Investment and Development of Vietnam (BIDV) and Saigon Hanoi Commercial Joint Stock Bank (SHB) granted 3 credit agreements with an estimated loan of 800 billion VND.

Through 9 meetings with investors, 93 investment cooperation agreements were signed for 93 projects with 173, 396 billion VND registered capital, investment certificates at the meetings were granted for 32 projects with 29,463 billion VND registered capital, in which, 16 investment cooperation agreements with foreign investors with registered capital of 64,051 billion VND, 77 domestic investment projects with registered capital of over 109,345 billion VND; investment certificates were granted for 8 foreign direct investment projects with the total registered capital of 5,101.78 billion VND and 24 domestic projects with the total registered capital of 24,306.22 billion VND.

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