The northern Thai Nguyen province has, since the beginning of the year, licensed 18 foreign direct investment (FDI) projects worth a record over 3.3 billion USD, securing the second position in the country’s FDI attraction list.
The most prominent project is a high technology complex invested by Samsung Group from the Republic of Korea . The Samsung Electronics Vietnam Thai Nguyen (SEVT) complex sits on an over 100 hectares area in Yen Binh industrial zone, and has investment capital of more than 3 billion USD.
Over 70 percent of the project’s construction has been completed and a mobile phone manufactory is expected to come into operation at the complex early next year.
Following Samsung’s project, many investors have begun applying for investment certification in Thai Nguyen, with capital estimated at billions of USD.
Also according to Thai Nguyen’s latest report, foreign investors in the province disbursed up to 1 billion USD in the past 11 months.
Director of the provincial Department of Planning and Investment Dang Xuan Truong said the achievements are attributable to Thai Nguyen’s efforts to improve investment environment in the province.
The provincial authorities not only undertake administrative reforms and update legal regulations and policies, but also pay attention to making development plans for industrial zones and urban areas, stepping up the implementation of key infrastructure projects, as well as providing training and job generation.
Thai Nguyen now have 44 valid FDI project, with total registered capital worth more than 3.5 billion USD.-VNA
The most prominent project is a high technology complex invested by Samsung Group from the Republic of Korea . The Samsung Electronics Vietnam Thai Nguyen (SEVT) complex sits on an over 100 hectares area in Yen Binh industrial zone, and has investment capital of more than 3 billion USD.
Over 70 percent of the project’s construction has been completed and a mobile phone manufactory is expected to come into operation at the complex early next year.
Following Samsung’s project, many investors have begun applying for investment certification in Thai Nguyen, with capital estimated at billions of USD.
Also according to Thai Nguyen’s latest report, foreign investors in the province disbursed up to 1 billion USD in the past 11 months.
Director of the provincial Department of Planning and Investment Dang Xuan Truong said the achievements are attributable to Thai Nguyen’s efforts to improve investment environment in the province.
The provincial authorities not only undertake administrative reforms and update legal regulations and policies, but also pay attention to making development plans for industrial zones and urban areas, stepping up the implementation of key infrastructure projects, as well as providing training and job generation.
Thai Nguyen now have 44 valid FDI project, with total registered capital worth more than 3.5 billion USD.-VNA
