From the beginning of this year, the central province of Ha Tinh has approved the investment principles of 8 domestic projects, with a total registered capital exceeding VND1 trillion ($39.36 million), doubling compared to the same period in 2023, according to statistics from the Ha Tinh Provincial Department of Planning and Investment.

Large-scale projects

Among the 8  projects, there are some large-scale projects, such as: the 500kV Vung Ang - Ha Tinh - Da Nang power line  with an area of over 61 hectares and a total registered capital of over VND673 billion ($26.55 million); the residential area in Huong Khe district with an area of 9.83 hectares and a total registered capital of over VND154 billion ($6.07 million); the export-oriented plywood manufacturing plant with an area of 4.32 hectares and a total registered capital of over VND125 billion ($4.92 million).

In addition, the province has also approved investment initiatives for projects with a total registered capital of under VND20 billion ($789,839), including: Asphalt concrete mixing station Dai Hiep - Vung Ang ; Organic aquaculture area in Cam Xuyen district; Construction sand mining project (Huong Son district).

In the early months of 2024, Ha Tinh province focused heavily on land clearance for the construction and infrastructure business of the Bac Thach Ha Industrial Park phase 1. This is the first project that the Vietnam Singapore Industrial Park J.V Co., Ltd (VSIP) has invested in the province with a total capital of over VND1.55 trillion ($61.38 million).

Remaining an appealing destination

With many large projects, Ha Tinh province continues to maintain its position in the top 10 provinces attracting the largest FDI projects in the country. Alongside land clearance efforts, the province is actively coordinating and striving to complete related procedures to commence the project in May 2024 as planned.

The VSIP's Industrial Park is expected to be a "magnet" attracting many enterprises to invest in the province, bringing a new vitality to the province's economic and social development. 

In Vung Ang Economic Zone, several large projects with direct foreign investment are also being accelerated such as the Unit 2 of Vung Ang 2 Thermal Power Plant; the VinES-Gotion Lithium Battery plant.

Recognizing investment attraction as a key task in economic development, the People's Committee of Ha Tinh province has issued a program to promote investment in Ha Tinh in 2024. Accordingly, the province will continue to innovate investment promotion activities, selecting projects with high quality, advanced technology as well as enhancing on-site investment promotion activities, supporting approved investment initiatives, and issuing investment registration certificates in the province.

Ha Tinh province will also actively promote investment with goals, priorities, and focuses; continue to maintain traditional markets and partners, while expanding into new markets and partners through multilateral or bilateral agreements that Vietnam has signed. 

The goal of Ha Tinh in 2024 to strive to attract over 100 projects, based on ongoing projects such as: automobile and supporting component production industrial park and Social housing area in Vung Ang Economic Zone; etc.