With the target to absorb USD2 billion in investment for 2015, Van Phong Economic Zone Management Board is developing measures to solve difficulties and attract big investors...
With the target to absorb USD2 billion in investment for 2015, Van Phong Economic Zone Management Board is developing measures to solve difficulties and attract big investors.
Despite difficulties, Van Phong Economic Zone drew 14 more projects with the total registered investment of USD58 million in 2014. Of the figures, there were 7 domestic projects worth about VND1,125 billion and 4 foreign invested ones with USD2.2 million. Up to now, the economic zone has 139 projects with USD12.7 billion in total registered investment, including 31 foreign invested ones. However, only 60 projects have been put into operation while the rest are under construction or in the process of procedures.
According to Hoang Dinh Phi, Deputy Chef of Van Phong Economic Zone Management Board, the investment in 2014 increased sharply over that in 2013 but the economic zone will have effective measures to make good shortcomings to attract more investors.
In 2015, the management board will focus on solve difficulties and support for enterprises in production and trade. In the time to come, the management will forward counseling for procedures of the Northern Van Phong administrative economic special zone project to submit the Central authorities, counseling for negotiations of land lease contract of the project Van Phong 1 Thermo-Electric Plant, support Ninh Thuy Industrial Zone to step up infrastructure construction and project absorption.
Besides, the management board will intensify guiding and supporting investors to comply with formalities to develop big and significant projects in the south of the economic zone, including oil refinery and petrochemicals in the south of Van Phong, Van Phong 2 Electricity, and Van Phong 3 Electricity. Calling for investment in the south of the economic zone such as Ninh Hai industrial complex and Eastern South Ninh Hoa urban area will be attached importance. In June 2015, the management will coordinate with related units to organize investment promotion. “We aim to absorb about VND2 billon of investment in Van Phong Economic Zone. The project of Van Phong 1 Thermo-Electric Plant is the focus”, Phi said.
In the coming time, the management will frequently collect feedbacks of enterprises to solve their difficulties in investment in time. Besides, administrative formalities will be simplified more.
T.T
