Thua Thien-Hue looks to draw 350-400 million USD in FDI

Thua Thien-Hue, March 7 (VNA) – The central province of Thua Thien-Hue is looking to attract 15 new foreign direct investment (FDI) projects with total registered capital of about 350-400 million USD. Meanwhile, FDI enterprises in the province aim to earn total revenue of 700 million USD and contribute 80 million USD to the state budget this year. Thua Thien-Hue will focus on attracting investors from Japan , the Republic of Korea , Singapore , and Thailand to develop tourism and logistics services as well as industrial parks, including the Chan May-Lang Co economic zone. Since 2015, the province has licensed 9 new FDI projects and allowed three existing projects to increase investment, with total registered capital of 450 million USD. Last year, the total revenue in the province’s FDI sector reached 650 million USD, up 18 percent against the previous year. The FDI enterprises also created jobs for over 17,500 workers in the period. So far, the province has attracted 85 foreign investment projects from 21 countries and territories worth a combined over 2.6 billion USD. Singapore leads the foreign investors with registered capital of 875 million USD, followed by Hong Kong ( China ) with over 300 million USD.-VNA