Thai Nguyen actively betters investment climate
The northern province of Thai Nguyen has directed its departments, agencies and authorities at grassroots levels to step up implementing an array of measures to improve its investment climate.
Duong Ngoc Long, Chairman of the provincial People’s Committee, said his province always creates the most favourable conditions possible for investors in terms of investment permits and ground clearance.
Having welcomed a high-tech complex project invested by Samsung Group from the Republic of Korea, Thai Nguyen continues to call on affiliates of the business to promote their support industry projects.
The province has also hastened ground clearance in Yen Binh, Diem Thuy, Song Cong and Nam Pho Yen industrial parks, enabling investors to kick-start the construction there at an early date.
Regarding administrative reform, it has promulgated 20 mechanisms and policies to facilitate investment, notably the application of the “one-stop-shop” mechanism in dealing with administrative formalities.
Regular dialogues between businesspersons, provincial officials and bankers to ease difficulties for local businesses have also been maintained.
As a result, many investors have accessed preferential loans from commercial banks and benefited from some tax policies.
In the first half of this year, Thai Nguyen attracted 19 foreign-invested projects valued at US$134 million, bringing the total to 66 with a combined investment of around US$3.8 billion.