Thai Nguyen advised to improve investment environment

Minister of Planning and Investment Nguyen Chi Dung on August 20 advised the northern province of Thai Nguyen to create a better environment in order to attract more investors, as well as pay more attention to regional connectivity to provide mutual support.

thai nguyen advised to improve investment environment hinh 0

The Minster told this to provincial leaders, given the context that the province is the centre of the northern mountainous region, and the third biggest training centre of Vietnam.

Together with speeding up industrial development, Thai Nguyen should also invest in infrastructure, social welfare, and education to benefit workers and other locals, he suggested.

It is also necessary to continue investing in agriculture and stepping up agricultural restructuring, he added.

The minister asked the locality to work with the Republic of Korea’s Samsung, a big investor in Thai Nguyen, to find out an appropriate development strategy that can make full of their assistance.

Chairman of the provincial People’s Committee Vu Hong Bac shared with the minister that the province’s investment portfolio is becoming more open and transparent.

The locality now has over 6,000 enterprises with a total capital of over VND80 trillion (US$3.44 billion), and 130 FDI projects worth US$7.3 billion.

Back in July, an investment promotion conference in the province saw the approval of 38 investors to pour VND46.7 trillion (US$2 billion) into 50 projects.

In 2019, Thai Nguyen will maintain economic restructuring in a synchronous and comprehensive manner; continue boosting economic growth; and increasing labour productivity and ensuring social welfare, Bac stated.

He told the Minister that the province strives for a gross regional domestic product (GRDP) of 9%, per capita income of VND80 million, a reduction of 1.8% in the poverty rate, and an increase of 4% in the production value of the agro-fishery-forestry sector next year.


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