PM attends investors’ spring conference in Nghe An

Prime Minister Nguyen Xuan Phuc on February 23 attended a conference of investors in the central province of Nghe An on the occasion of the beginning of the Year of the Pig, which was held by the Vietnam Bank for Investment and Development (BIDV) in coordination with Nghe An authorities. 
PM Nguyen Xuan Phuc at the conference of investors in Nghe An
PM Nguyen Xuan Phuc at the conference of investors in Nghe An

Addressing the conference, PM Phuc expressed joy at the economic growth of Nghe An in recent years and shared the participants’ trust in a bright future of the province. Stressing the province’s role, he pointed to its limitations such as a lack of high-quality human resources and low per capita income.  

The PM urged Nghe An to work harder to improve the business and investment environment, reform administrative reforms and create the best possible conditions for investors. At the same time, he asked the investors not to give up when facing difficulties, adding that the value of their investment is not only how much money but also intangible value like people’s trust and welcome.  

 PM Phuc assigned ministries and agencies to continue create favourable conditions in terms of mechanisms and policies for Nghe An to attract investment and drive forward socio-economic development. 

On his part, Chairman of Nghe An province People’s Committee Thai Thanh Quy said the organization of annual investors’ meetings has helped the province attract 150 projects worth a total of more than VND 89 trillion (over US$3.8 billion ) since 2014, of which 129 projects have been and are being implemented on schedule.   

 The investors have contributed to creating strong drivers for Nghe An’s growth in the past time, he said, affirming the province’s commitment to serving investors in the spirit of a growth facilitating and service administration. 

 Specifically, in 2019, Nghe An will streamline investment procedures to cut the needed time by half, apply information technology to keep control of all data about investment projects in the province, and strive for equality in treatment of all investors, particularly in access to land. 

 At the conference, Nghe An officials presented decisions approving investment proposals and investment licences to several projects, signed memoranda of understanding and agreements on investment cooperation, and awarded firms and investors with outstanding performance in investment last year. 

 On the sidelines of the conference, there were several important activities including a working session between PM Phuc and a number of economic groups, and the inauguration of two key investment projects, namely the VND 1.17 trillion purified water, herbal, and fruit juice processing plant of TH Group and the VND 570 billion petrol storage facility invested by Thien Minh Duc group.

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