Industrial parks (IP) in the central province of Thua Thien - Hue have so far attracted 143 investment projects with a total registered capital of nearly 92 trillion VND (3.94 billion USD), generating jobs for nearly 25,000 labourers, according to insiders.

Illustrative image (Source: VNA)

To lure more investment, local authorities have focused on upgrading and developing IP infrastructure, and applying incentives to investment to hi-tech and added value sectors, and those not labour intensive but environmentally friendly. 

Attention has been paid to accelerating administrative reforms to facilitate investors’ operation, providing advice to investors, and training human resources serving the demand of enterprises in IPs. 

Amid the Fourth Industrial Revolution, the province gives top priority to developing information technology workforce, high-tech agriculture and bio technology. 

It will also prioritise investors with major brands, banks’ prestigious partners, domestic and foreign investment funds, and successful domestic enterprises. 

Further attention will be paid to calling for investment from traditional markets such as the Republic of Korea, Singapore, Thailand, Japan, Hong Kong (China), the US, Europe, countries benefiting from Vietnam’s entry to bilateral and multilateral free trade agreements, and investors in China.