Thai Binh has so far this year lured 24 projects with a total registered capital exceeding 2 trillion VND, up 41.2 percent in volume and doubling in value compared to the same period of 2016.
TAV apparel company in Nguyen Duc Canh IP, Thai Binh province (Source: VNA)
Thai Binh (VNA) – The northernprovince of Thai Binh has so far this year lured 24 projects with a totalregistered capital exceeding 2 trillion VND (88.52 million USD), up 41.2percent in volume and doubling in value compared to the same period of 2016.
According to the provincial People’sCommittee, the province is now home to 934 projects, worth 116.5 trillion VND(5.12 billion USD) in total. Of which, 510 projects have been put intooperation with a total investment of over 26.4 trillion VND (1.16 billion USD),creating jobs for over 113,000 labourers.
There are 68 valid foreign directinvestment (FDI) projects with a combined capital of 487 million USD and nine othersusing over 992 billion VND (43.64 million USD) of official developmentassistance (ODA).
In the first three months of this year, 168new firms were established, raising the total number of enterprises in thelocality to 5,241.
According to the provincial Industrial Parks(IPs) Management Board, as many as 140 out of 161 projects became operational inthe local IPs by the end of March, including 38 in the Nguyen Duc Canh IP and40 in the Tien Hai IP.
Their industrial production value reachednearly 4.2 trillion VND (184.4 million USD), up 12 percent from 2016 andaccounting for 22 percent of the yearly target. They contributed 43 percent tothe province’s total industrial production value.
The board aims to seek the provincialPeople’s Committee approval for including the Xuan Hai IP in Thai Thuy districtand the Song Tra 2 IP to the list of the nation’s IPs by 2020.
In order to lure more investment, the provincialPeople’s Committee has urged sectors to improve the local business climate,enhance competitiveness and encourage start-ups and business development.
The locality calls for more investment inits IPs, particularly hi-tech projects.-VNA
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TAV apparel company in Nguyen Duc Canh IP, Thai Binh province (Source: VNA) 
