Coastal province makes offers to German investors
Binh Thuan province’s vice chairman Nguyen Van Thu has assured German investors of simple license-granting procedures, preferential taxes and land leases in an effort to lure foreign investment into eco-tourist and sea food processing projects.
Thu made the offers at a recent seminar in Bochum city, which was attended by a number of German businesses.
High priorities will be given to the Ham Thuan-Da Mi eco-tourist project with a needed investment of 40 million USD and a sea-food processing zone south of Phan Thiet fish-port with a designed capacity of 100 tonnes per day, said the official.
Dr. Juergen Krestschmann, Rector of the George Agricola Technical University, who had paid 10 visits to Viet Nam and brought a number of businesses from Germany’s Ruhr region to the Southeast Asian nation, highlighted Viet Nam’s political stability and the local working force’s industriousness and skillfulness.
He, however, recommended Viet Nam to further intensify investment promotion campaigns in Germany.
Vietnamese General Consul in Frankfurt/Main Nguyen Huu Trang called on Ruhr businesses to increase their presence in Viet Nam, saying the great potential Germany ranks at low 20th level among 69 foreign investors in Viet Nam.
Viet Nam enjoyed a year-on-year surge of 38 percent in foreign investment for the first nine months of 2007, he emphasized. (VNA)
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