Thai Nguyen shows its best face to investors

Northern Thai Nguyen province, 80 kilometres from Hanoi, is boasting its attractiveness to investors.

From 2005 to the end of the third quarter of this year, the province granted investment certificates and gave in-principle approval to 539 projects with combined registered capital of VND169.7 trillion ($8.2 billion), covering 8,537 hectares in total, including 23 foreign invested projects, according to Thai Nguyen Investment Consulting and Promotion Centre.

The figures exclude Yen Binh urban, agricultural, industrial and service complex project which is set to stretch on an area of 8,000ha. Just in the first nine months of this year, Thai Nguyen gave in-principle approval to 102 projects and introduced locations for four projects, capitalised at more than VND37.9 trillion ($1.83 billion) in total.

These projects expected to use 2,340ha, the centre said. During the nine-month period, the local authorities also met 136 investors who arrived to seek and study investment opportunities in the province.

The investment projects in Thai Nguyen are largely concentrated on fields of much potential and advantages such as industry, mining minerals, traffic infrastructure, residential and urban areas, eco-tourism and health tourism areas, trade centres, industrial parks and clusters, the centre said.

In addition, the province has encouraged investors to develop some large-scale projects such as planning Nui Coc tourism area, the urban and administrative area in the west of Thai Nguyen city, Yen Binh industrial-service-agricultural complex, ATK complex, new industrial parks and Cau riverside urban area.

“The situation has shown investors’ interest in and high appreciation of potentials of developing production-service sectors and infrastructure in the province,” said Nguyen Cong Viet, the centre’s director. The results were attributed to administrative reform and favourable investment environment for investors, he added.

Presently, Thai Nguyen is prioritising investment attraction in projects on developing industrial production, infrastructure, urban and residential areas, services and tourism areas in the province.

With a view to further raising capital inflows, the province will strengthen investment promotion activities and quicken administrative reforms, Viet said. Besides, the province carries out effectively projects and programmes on raising the provincial competitiveness capacity, for example, the project on improving the provincial environment climate during 2010-2015.

Thai Nguyen also strengthens inspection and control over the implementation of projects so as to timely remove difficulties and hindrances for investors. “The one-stop-shop mechanism has made a significant contribution to administrative reform in order to lure investors to the province,” Viet said.

Currently, Thai Nguyen is striving to become one of economic, industrial, trade, tourism, cultural, educational and health centres in the northern mountainous midland region.

Linh Nga (