Nghe An attracts $285 mln of investment capital in 4M

Central Nghe An province attracted over VND7.45 trillion ($285 million) worth of investment capital in the first four months of the year, according to the provincial People’s Committee.

The provincial authorities granted investment licenses for 16 new projects with total registered investment capital of over VND2.6 trillion ($99.6 million). Of the total, there are five FDI projects with combined registered investment capital of $63.5 million, accounting for 61.7% in terms of capital. Domestic-invested projects contribute VND995.5 billion ($38.1 million), equivalent to 38.3%.

Meanwhile, some 16 projects were licensed to increase capital by a total of more than VND4.85 trillion ($186 million), including five FDI projects with registered capital of $58.9 million.

In April alone, the province lured VND736 billion ($28.1 million) of investment capital. Authorities approved investment policy or granted investment certificates for six new projects, worth VND377.2 billion ($14.4 million) in total.