Business

Hung Yen province aims to lure 600 million USD in FDI

The northern province of Hung Yen expects to attract 600 million USD in foreign direct investment (FDI) to its industrial parks this year.
Hung Yen province aims to lure 600 million USD in FDI ảnh 1A view of Hung Yen province. (Photo: VNA)
Hung Yen (VNA) – The northern province ofHung Yen expects to attract 600 million USD in foreign direct investment (FDI)to its industrial parks this year.

Permanent Vice Chairman of the provincial People’sCommittee Nguyen Le Huy said to achieve the target, the locality will continueits support to businesses, focusing on organising meetings and investmentpromotion conferences with investors from the Republic of Korea, Japan, the USand Europe, thus luring big groups and projects with cutting-edgetechnologies, and joining global value chains.  

Hung Yen will also step up digital transformation andpublicise information about land planning, industrial development planning,land price and compensation for site clearance, while speeding up theimplementation of industrial parks, and approved social and worker housing projects, the officialcontinued.

Director of the provincial Department of Planning andInvestment Trinh Van Dien noted that Hung Yen has worked to improve its investmentenvironment and provincial competitiveness index, and set up specialised groupsto evaluate the operation of businesses and production facilities, helping themremove obstacles.

Besides, the province has paid attention to high-qualitypersonnel development to satisfy requirements of spearhead economic sectors, aswell as digital transformation, he added.

According to the provincial Statistics Office, HungYen counts 543 FDI projects worth nearly 7 billion USD, of which 172 projectsvalued at 3,8 billion USD have been run by Japan – its biggest investor./.
VNA
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