Thai Nguyen seeks investment in 65 projects

Monday, Jun 11, 2018 18:39

Garment products are made by workers of TNG Investment and Trading JSC in Thai Nguyen Province. - Photo

The northern province of Thai Nguyen will publish a list of 65 projects calling for investment at the investment promotion conference to be held here on July 1.

Fifteen of these projects are related to the industry sector, 19 to the agriculture sector, 12 to the trade, culture, sports and tourism sectors, 15 to transport and urban area development, while the remaining are related to healthcare and education.

Among these projects are the infrastructure developments of 10 industrial clusters such as Quyet Thang, Ba Xuyen, Nam Hoa and Kim Son; a 220ha hi-tech farming in three communes of Tan Duc, Uc Ky and Xuan Phuong, a hi-quality tea processing plant covering 100ha in Dai Tu District and Dong Tam Dao eco-tourism complex spanning 5,000ha in two communes of Thanh Cong and Phuc Thuan.

Others include a 3ha agricultural and food market which will be home to 2,000 traders in Thai Nguyen City and Song Cong II urban area and service complex in Song Cong City.

In the past few years, Thai Nguyen has provided many incentives to investors, including those in land rental and clearance, infrastructure development, corporate income tax and others in trade promotion, personnel training and IT appliance and transfer.

The province has also drawn up a scheme on improving its investment climate from now until 2020, with a focus on speeding up administrative reforms, building new investment policies and attracting more investment capital.

In the first five months of this year, the province granted in-principle investment approvals to five projects, expected to cost more than VND3.4 trillion (US$124 million). It also licensed eight others, capitalised at VND1.8 trillion ($79 million).

Currently, the province is home to 900 valid projects with a total investment capital of some VND15 trillion ($658 million). Of these, 120 are foreign-invested, valued at $7.2 billion.

During a working session with Deputy Prime Minister and Foreign Minister Pham Binh Minh late last week, provincial leaders proposed that the ministry support the introduction and connection with foreign diplomatic missions, international organisations, investors, business associations and potential foreign enterprises to help promote investment in the province.

For his part, Minh urged the ministry’s agencies and other relevant units to co-ordinate with Thai Nguyen’s departments and agencies to prepare for the upcoming investment promotion conference.

He also suggested the province focus on calling for investment in key areas as well as the best commitments on preferential policies for investors. — VNS

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