Quang Binh province attracts US$1 billion in investment

Quang Binh Province attracted nearly US$1 billion in investment at the first Conference Investment Promotion to Quang Binh Province held in Dong Hoi City on April 5.


The local authorities granted investment licenses to 13 projects. The Sungroup invested VND 5,000 billion in tourism project in Phong Nha-Ke Bang and Bao Ninh-Hai Ninh. Vetnam National Textile and Garment Group (Vinatex) invested in three projects worth VND 500 billion. Truong Thinh Group Joint Stock Company invested in Dong Hoi City with total capital of VND 650 billion.

The provincial People’s Committee signed five memorandums of understanding with domestic and foreign investors such as Vinatex, Petrolimex Laos, and Vietnam Rubber Group.

Deputy Prime Minister Nguyen Xuan Phuc highly appreciated the province’s success in attracting investors, creating opportunity for businesses to complete their projects, and cooperating with investors in Laos and Thailand.

By Minh Phong – Translated by Kim Khanh

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