Thai Nguyen ready for investment promotion conference

The northern province of Thai Nguyen will host an investment promotion conference in early July 2018 to introduce its potential, strengths and policies to international investors and organisations.

thai nguyen ready for investment promotion conference hinh 0

During the event, the province will call for investments in four key fields and in Quyet Thang hi-tech industrial zone; Yen Binh, Song Cong I, Song Cong II industrial zones and industrial clusters. 

In agriculture, the province mapped out projects in concentrated tea growing zones, organic agriculture and large-scale paddy fields. 

While in tourism, Thai Nguyen will appeal to investors for investment in Nui Coc lake national tourism site, the north of Tam Dao national garden, the western urban area, and Yen Binh hi-tech industrial, agricultural and service complexes. 

Director of the provincial Department of Planning and Investment Hoang Thai Cuong said preparations for the event has been basically completed, adding that the province has issued a portfolio of 65 priority projects in need of capital in industrial zones and clusters, agriculture, infrastructure for trade, culture, sports and tourism, transport and urban areas, health care and education. 

Thai Nguyen has made a list of qualified investors for five projects worth over VND3.4 trillion (US$149.7 million), and granted licenses to eight projects valued at more than VND1.8 trillion (US$79.3 million). 

During the conference, the province will sign cooperation agreements with investors on 23 projects worth more than VND12.43 trillion (US$547.8 million). 

Lying at a strategic location in the northern mountainous mid-land region with abundant natural resources and modern infrastructure, the province has 7 out of 9 district-level units offering waive and exemption of land tax and corporate income tax. 

Apart from government incentives, the province also supports investors in agricultural and hi-tech projects. 

For large-scale projects, the province pledges to work with investors to ask for the government’s permission to adopt preferential policy.

VNA

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