Thua Thien - Hue grants investment licences to nine projects
Since the beginning of the year, nine new projects have been granted investment licences by central Thua Thien - Hue province with a total investment of more than 2 trillion VND (85 million USD), according to a report by the provincial Department of Planning and Investment.
Thua Thien - Hue grants investment licences to nine projects in the first five months of 2023. (Photo: VNA)
Hanoi (VNS/VNA) - Since the beginning of the year, ninenew projects have been granted investment licences by central Thua Thien - Hueprovince with a total investment of more than 2 trillion VND (85 million USD),according to a report by the provincial Department of Planning and Investment.
Of the total investment, five are FDI projects with registeredcapital of 28.5 million USD.
The growth rate of the province’s GRDP in the first quarter isestimated at 6.61%, higher than the national average of 3.32%, and is expectedto increase from 7.5% to 8.5% in the second quarter, a representative of thedepartment said at the recent regular meeting.
Import and export turnover in May rose month-on-month butdecreased over last year.
Many industrial production sectors, such as textiles, garments,cement, wood chips, and power generation, have slowed down. Especially,imported textile materials and accessories shrank due to a decline in exportorders from garment companies.
Traditional markets, like Japan and China, are temporarilysuspending imports or lowering product prices. Therefore, enterprises withlarge inventories have to cut down production and wait for consumption.
The report also showed that as of May 25, this province disbursednearly 1.4 trillion VND, reaching 22.9% of the plan assigned by the PrimeMinister. In addition, more than 238.8 trillion VND from increased budgetrevenue in 2021 and 2022 was allocated during the period.
Nguyen Van Phuong, Chairman of the Thua Thien - Hue ProvincialPeople's Committee, said that departments and localities need to focus onaccelerating projects that will soon be in operation to create a breakthroughfor industries.
He added that authorities have to find solutions to develop thebusiness environment and create favourable conditions for implementingprojects.
The province has set a state budget revenue target of 8.45trillion VND by the end of the second quarter./.
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Thua Thien - Hue grants investment licences to nine projects in the first five months of 2023. (Photo: VNA) 
