Khanh Hoa province attracts more foreign-invested projects

Eighteen new projects worth VND15 trillion have registered to invest in Van Phong economic zone so far this year, the People’s Committee of the central province of Khanh Hoa announced on Nov. 28.

Among them, foreign businesses have invested in four projects, accounting for nearly half of the combined capital.

In a tourist resort in the northern part of Cam Ranh peninsular, 17 projects have been licensed with a total investment of VND8.7 trillion.

At present, Khanh Hoa has 66 foreign-invested projects, capitalised at US$1.05 billion. The province is focusing on completing procedures to grant business licenses to many large projects, such as the STX ship-building factory from the Republic of Korea, Van Phong petroleum depot, Ninh Thuy cement distribution station, Van Thang high-tech zone and Sumitomo thermo-electric power plant from Japan.

Source: VNN