Investment capital to Quang Tri surges 10-fold since start of 2021
As of mid-November, the central province of Quang Tri had granted investment licences to 56 projects with total registered capital of nearly 69.6 trillion VND (3.05 billion USD), up 10-fold against the same period last year.
As of mid-November, the central province of Quang Tri had granted investment licences to 56 projects with total registered capital of nearly 69.6 trillion VND. (Illustrative photo: VNA)
Quang Tri (VNA) – As of mid-November, the centralprovince of Quang Tri had granted investment licences to 56 projects with totalregistered capital of nearly 69.6 trillion VND (3.05 billion USD), up 10-foldagainst the same period last year.
The increase was attributed to Quang Tri’s efforts in COVID-19prevention and control and maintaining socio-economic development. The provincehas also bolstered administrative reforms and support for investors.
The energy sector attracts the highest amount of capital,particularly wind and gas-fired power.
Since the start of this year, Quang Tri has given in principle approval to a numberof major wind power projects, namely the Huong Linh No.5 with more than 1.34trillion VND and Huong Hiep No.2 worth 1.37 million VND.
As many as 17 wind power projects in the province were putinto commercial operations before November 1 to enjoy the Government’sincentive, said Chairman of the provincial People’s Committee Vo Van Hung.
In regards to gas-fired power, in October, local authoritiesgranted permission to the Hai Lang LNG power centre project – first phase, witha capacity of 1,500MW and registered capital near 53 trillion VND.
The project, located at the province’s south-east economiczone, is expected to come into commercial operation by 2026-27./.
As local tourism starts to get busier thanks to COVID-19 being largely brought under control and warmer temperatures arriving, the central province of Quang Tri is planning to begin its season of sea-island tourism with a festival starting on April 30.
The Asian Development Bank (ADB) signed a 116-million-USD green loan with three Vietnamese firms to finance the construction and operation of three 48-megawatt (MW) wind farms, totaling 144 MW, in the central province of Quang Tri.
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He requested delegates to provide objective and honest feedback on what has been achieved, what has not, the consequences, and draw lessons learned for the future. He also emphasised the need to identify key directions and tasks, with a firm resolve to prevent, and eventually eliminate the trafficking of counterfeit medicines and fake food products.
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According to targets adopted at the fifth Party Congress of the Management Board of the Ho Chi Minh City Export Processing and Industrial Zones Authority (HEPZA) on June 22, the zones aim for average capital attraction of 8–10 million USD per hectare, with a 70% disbursement rate of registered capital achieved on schedule.
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The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
As of mid-November, the central province of Quang Tri had granted investment licences to 56 projects with total registered capital of nearly 69.6 trillion VND. (Illustrative photo: VNA) 
