Thai Nguyen appealing to investors

Source: Pano feed

With an inflow of capital into trade, services and telecommunications, the northern province of Thai Nguyen is becoming more appealing to investors within and outside the country.

From the outset of this year, tens of millions of US dollars have been funnelled into new projects.

Big-name investors include Wingroup, Nguyen Kim, Muong Thanh hotel group and BigC supermarket chain, said Director of the provincial Department of Planning and Investment Dang Xuan Truong.

The province also gave a nod to the master plan for the Dong Tam Dao ecological, resort, sports and entertainment complex stretching over 5,800 hectares in Pho Yen district.

Several Republic of Korea and domestic firms have poured money into 40-hectare social housing projects in Pho Yen district and Thai Nguyen city.

To offer business incentives, Thai Nguyen is streamlining its bureaucracy, upgrading road infrastructure and accelerating site clearance.

It has set aside 30-50 hectares of land in industrial parks to attract investment (FDI) and scrapped 66 delayed works.

It is speeding up the construction of the Thai Nguyen – Cho Moi highway, calling for investment in the build-transfer, build-operate-transfer, build-transfer-operate and public-private partnership models for the sake of urban and industrial development.

Thai Nguyen currently has 72 registered foreign direct investment projects worth over 6.9 billion USD, 46 of which are funded by the Republic of Korea, making it the largest investor in the locality with 96 percent of the total foreign investment.-VNA

Đăng ký: VietNam News