Quang Ninh calls for investments in 18 projects

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Báo Dân Trí English - 72 month(s) ago 31 readings 1 duplicate news

Quang Ninh calls for investments in 18 projects

The People’s Committee of Quang Ninh is requesting for investment capital for the development of 18 projects in a bid to promote the provincial socio-economic development strategy to 2020.

Quang Ninh calls for investments to 18 projects
This information was divulged at the press meeting on February 7, in Hanoi, in preparation for the Quang Ninh Investment Promotion Conference 2012, which will be held on 23rd and 24th February, in Ha Long City.

At the meeting, local authorities said that they would ask for investment for 18 projects in 5 fields, including tourism and entertainment services, seaports, border gates and logistics, trade, training of a highly-qualified labour force and infrastructure.

One of the projects is the 1,800-hectare tourism complex, which includes a casino, in the Van Don Economic Zone, 45 kilometres from Ha Long City. This project has an estimated investment capital of US$4 billion. According to the zone’s management board, Malaysia’s Genting Group and the province have signed a memorandum of understanding on the feasibility study for building the complex.

This project is expected to play a strategic role in developing the Van Don Economic Zone as well as the Northern Key Economic Zone. It is also hoped to help Van Don attract more visitors, especially foreign tourists.

Chairman of Quang Ninh People’s Committee, Nguyen Van Doc, said that the project had been approved by the Prime Minister, and they would select investors in 2012 to try to complete the first phase by 2015, with the whole project being planned for completion by 2020.

Doc also said that the province could offer some investment incentives for investors in all 18 projects including tax policies, land-lease, as well as provide favourable conditions for administrative procedures, labour training, infrastructure development, etc.

Quang Ninh Investment Promotion Conference 2012 is considered one of the country’s biggest investment events in 2012, and was a good opportunity for the northern coastal province to sell its advantages in terms of potential and policy. It was also a chance for actors from different economic sectors - investors, businesses and institutions - to network and exchange ideas on long-term development and policy strategies in Quang Ninh.

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