According to DeputyChairman of the provincial People’s Committee Phan Ngoc Tho, theprovince has tried to create a favourable investment and businessenvironment for FDI firms.
Towards the target ofattracting from 10 - 15 FDI projects with total registered capital at150 million USD this year, the province is focusing on completing a landuse plan, accelerating reforms of administrative procedures,particularly those related to FDI management, and increasing investmentpromotion activities.
Up to date, there have been66 FDI projects worth nearly two billion USD operating in Thua Thien-Hueprovince. During the first quarter of 2013, local FDI enterprisesearned 110 million USD in revenues, up 48 percent over the same periodlast year. They contributed 273 billion VND (some 13 million USD) to thestate budget, an increase of 5 percent.
Theprovince’s FDI projects are getting bigger in scale, and more diverse infields, including garment and textile, tourism, food processing andbeverage.-VNA
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