Over VND14.6 trillion was pledged for investment projects in Ninh Thuan Province in south-central Vietnam, provincial Chair Nguyen Duc Thanh said at the opening of a conference on Saturday.
At the event to announce the master plan on socio-economic development of Ninh Thuan until 2020 and investment promotion in 2011, the province awarded investment certificates for five projects with the total registered capital of over VND4.4 trillion. These projects are in the areas of aquaculture cultivation, tourism and clean energy development.
In particular, HD Investment Joint Stock Company will invest some VND3.7 trillion to develop Phuoc Hai wind power plant with the capacity of 97.5MW. Other projects include the Ninh Thuan-HVB shrimp breed farming centre costing VND100 billion by Hung Vuong-Ben Tre Group, and the five-star Hon Do high-grade resort project by Hon Do Ninh Thuan Investment and Development Co. worth VND460 billion.
At the conference, graced by prime minister Nguyen Tan Dung, the province also gave its approval in principle to six projects worth nearly VND7.2 trillion, the biggest one being the solar and wind power project worth VND4 trillion by LandVille Vietnam.
Besides, Suc Song Xanh Co. committed to invest VND90 billion to construct the infrastructure for Tri Hai industrial cluster, while Lam Son Co. will invest VND50 billion in a wheat starch processing factory.
In the list of would-be investors are also the U.S-based Kachay Home with a project to develop a hi-tech agricultural zone in Ninh Thuan, and Impsa of Argentina signing a memorandum to develop a factory to produce wind turbines and towers worth as much as VND3 trillion.
Ninh Thuan’s master plan on socio-economic development until 2020 was conducted by Monitor Group of the US and Arup of England. The two foreign consultancy firms identified six economic pillars as the focus for development in Ninh Thuan, including four major industries namely clean energy, tourism, agri-aqua-forestry, manufacturing and processing, and two supporting industries being education and property.
As planned, by 2020, these industries will account for some 91 percent of the gross domestic product (GDP) and make up 85 percent of the labour demand in the entire province
Under the national sea strategy, Ninh Thuan will likely become the economic hub in the South Central and Highland areas, especially with the country’s first two nuclear power plants to be located there, according to the government portal chinhphu.vn.