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Ninh Thuan calling for investment

Released at: 14:49, 08/08/2016

Ninh Thuan calling for investment

Photo: Viet Tuan/Illustration

South-central province to release list of projects calling for investment, including many in tourism.

by Ngoc Lan

The Ninh Thuan Provincial People’s Committee has recently approved a range of projects that are seeking to attract investment during the 2016-2020 period.

Provincial authorities will hold an investment promotion conference on August 14 in coordination with the Ministry of Planning and Investment and the Ministry of Foreign Affairs and will release the official list of projects.

Ms. Le Thi Kim Phuong, Head of Development Assistance at the Ninh Thuan Economic Development Office (EDO), sent the list of 57 projects to VET.

It includes 13 projects in the tourism sector, with a luxury resort project along the south coastal road (Mui Dinh - Ca Na) being the most prominent. The project requires capital of VND1 trillion ($45.4 million) and covers an area of 214.5 ha. The second most notable project is the Nam Cuong sports resort, which features a resort combined with sporting and entertainment activities and requires capital of $31.8 million.

Other projects on the list are in principle economic fields and advantageous sectors, including services, hospitality, real estate, agriculture, industrial engineering, and energy. Some are large, such as the Ninh Chu Seaport with total investment capital of $120 million and the Phuoc Dan wind power plant with $59 million.

Ninh Thuan has a total area of 3,360 sq km and a population of 588,000 and is 350 km from Ho Chi Minh City, 60 km from Cam Ranh International Airport, 105 km from the beach city of Nha Trang, and 110 km from Da Lat.

As at the end of 2015 Ninh Thuan had 34 registered FDI projects with total investment capital of about $950 million, while FDI stood at $1 billion in 37 projects as at the end of July 2016, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).

It has also completed calling for investment in other tourism projects, including the Dinh Cape ecological - adventure tourism area, with capital of $227 million, the Nam Cuong sand hill tourism area with estimated capital of $136.3 million, and the Sat River cultural and eco-tourism resort, with capital of $20.4 million.

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