The central province of Quang Tri is giving top priority to luring investment in renewable energy to fully tap its potential for wind and solar power.
The provincial People’s Committee has approved four wind power projects with a combined capacity of 120 MW.
By 2030, the province hopes to have five more wind power projects with a combined capacity of 150 MW.
Quang Tri has been calling for investment in 17 solar power projects with a combined capacity of over 930 MW on 1,400 hectares.
Besides, the province priorities other fields such as thermal power, wood product processing and export, eco and sea-based tourism, and hi-tech agriculture.
In 2018, focus will also be put on restructuring enterprises. It has over 3,000 registered firms. However, only over 2,600 are operational, third fourths of which are micro- and small-sized construction companies. They have faced financial difficulties due to tightened public investment.
According to Nguyen Van Hung, Secretary of the provincial Party Committee, the province will issue policies to support local firms, particularly micro- and small-sized enterprises in 2018.
It will focus on accelerating administrative reform, improving investment climate, developing socio-political organisations in enterprises, promoting local culture and private sector.
According to the provincial Department of Planning and Investment, 330 domestic and foreign investment projects had been granted as of early February 2018, worth over 69.5 trillion VND (3 billion USD).
They include 14 foreign direct investment projects, worth over one trillion VND (44 million USD).
Local firms contribute 47.6 percent of Gross Regional Domestic Product (GRDP) and create jobs for 35,500 local labourers.VOV