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Thua Thien-Hue plans to lure industrial zone funds

The central province of Thua Thien-Hue plans to attract investments worth 2.5 trillion VND to 3 trillion VND (119.05 million USD) to 142.86 million USD) and generate jobs for 1,000 to 1,500 new workers this year.
The central province of Thua Thien-Hue plans to attract investmentsworth 2.5 trillion VND to 3 trillion VND (119.05 million USD) to 142.86million USD) and generate jobs for 1,000 to 1,500 new workers this year.

ProvincialPeople's Committee Vice Chairman Phan Ngoc Tho said local authoritieswill hand over cleared sites in industrial zones (IZs) to investors,while considering this a priority in luring investments during 2015.

Further,the province will concentrate on the development of infrastructure,including traffic projects, electricity and water, along with wastetreatment and fire prevention systems. It will also support investors intraining the labour force.

According to the provincial IZsmanagement board, the IZs have attracted 92 investment projects, with atotal registered capital of some 19.59 trillion VND (932.86 millionUSD).

About 38 percent of this amount, or 7.40 trillion VND(352.38 million USD), have been disbursed, including 3.43 trillion VND(163.33 million USD) by foreign direct investment (FDI) enterprises.

Lastyear, the IZs generated revenues valued at 13.03 trillion VND (620.48million USD), up 18 percent over the previous year, with the totalnumber workers of nearly 17,100.

Thua Thien-Hue has four IZs,including the 185ha Phu Bai zone, which has been built on by 28companies and will be expanded with an additional area of some 118ha.

Theyalso comprise the Tu Ha and Phong Thu parks, each covering an area of100ha. Just the Chan May-Lang Co economic zone has created jobs forabout 6,000 labourers, and is requiring up to 24,700 workers this year,and 70,000 by 2020.

Tho said accelerating vocational training toassure the availability of skilled workers is necessary for a varietyof sectors, including agriculture, forestry and aquaculture. He alsomentioned fields such as handicrafts and mechanical goods production, aswell as food processing.-VNA

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