59 investment projects get approval in 2019

12/4/2019 - 5:55:36 PM

(HBO) - In 2019, Hoa Binh province has continued to intensify investment promotion activities, enhance coordination in handling administrative procedures and implement measures to improve the business environment and remove difficulties for enterprises and investors.

The Midori Apparel Vietnam Ltd Co (at Luong Son industrial park) reported effective production and business results, contributing to the province’s export value in 2019.

During the year, the province approved investment proposals and granted investment licences to 59 projects, including four foreign direct investment (FDI) projects with total registered capital of 24.5 million USD. The remaining 55 projects are invested by domestic investors, with total registered capital of 3,982 billion VND. The number of projects was down by one project, while the amount of capital was equivalent to 39 percent compared to the same period last year.

At the same time, the province withdrew the licences of 42 projects (6 FDI and 36 domestic ones).

On aggregate, Hoa Binh is home to 567 projects, comprising 38 FDI projects with total capital of 568 million USD and 529 domestic projects valued at around 68,982 billion VND./.

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