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Quang Binh adopts measures to attract FDI

Nguyen Thuan Wednesday | 05/10/2023 16:57

A wind-power farm invested in by a Filipino business in Quang Binh. Photo by VnEconomy.

The Quang Binh Provincial People’s Committee has issued a plan on implementing a strategy for foreign investment cooperation during the 2021-2030 period.

It targets attracting FDI with advanced high-technology and modern administration and high-added value.

The central province will expand the capital market, technology, and administration knowledge as well as improve the competitiveness of the local economy, businesses, and products.

Measures will also be taken to develop the industrial, agricultural, and service sectors.

Quang Binh will pay particular attention to boosting administrative reform and building flexible investment support packages.

The province will also build specific mechanisms and policies for economic zones, industrial parks, and agricultural high-tech zones.

As of early 2023, Quang Binh had 27 FDI projects with total registered capital of $1.12 billion, of which 19 are in operation.

Source: VnEconomy

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