The northern mountainous province of Thai Nguyen has attracted 62 projects with total registered capital of about 113.5 trillion VND (4.8 billion USD) since it hosted the investment promotion conference last July.
Thai Nguyen (VNA) – The northernmountainous province of Thai Nguyen has attracted 62 projects with totalregistered capital of about 113.5 trillion VND (4.8 billion USD) since it hostedthe investment promotion conference lastJuly.
The locality is now home to 882 valid investment projects, including 753projects valued at around 140 trillion VND (6.02 billion USD) run by domesticinvestors and 129 foreign-invested projects worth some 7.2 billion USD.
After Samsung Group of the Republic of Korea (RoK) landed in Thai Nguyen in2013, the province has welcomed a newwave of investment, including those from big groups like Vingroup, T&T andFLC.
The investment inflows have helped spur local socio-economic development, thus helpingThai Nguyen advance quickly on the road to become an industrialised province.
Hoang Thai Cuong, Director of the provincial Department of Planning andInvestment, said Thai Nguyen has launched specific action plans and assignedtasks to departments and localities in efforts to attract more investments.
The Department of Planning and Investment has focused on administrative reform,helping reduce time and cost on administrative procedures of investors andbusinesses, he added.
Thai Nguyen is committed to creating a favourable business environment forbusinesses, and providing optimal support to firms that want to expandoperation, change production and business plans, and gain investment licences.
The province has also assisted enterprises in labour training and electricitysupply, and land clearance while offering them tax incentives.
According to Nhu Van Tam, Vice Chairman of the provincial People’s Committee,Thai Nguyen is speeding up the building of a public service centre and hasissued a resolution on improving the local business environment and provincialcompetitiveness index.
It has also developed mechanisms in support of investment in infrastructure inindustrial clusters, amended and supplemented policies on investment inagriculture and rural areas, and facilitated land clearance for major projects,especially high-tech, smart and environmental-friendly ones, he said.-VNA
PM Nguyen Xuan Phuc has recommended that the northern mountainous province of Thai Nguyen should develop its economy on three pillars of hi-tech agriculture, tourism-service and clean agriculture.
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Illustrative image (Photo: nhandan.com.vn) 
