Foreign businesses seek Thanh Hoa investments

Thanh Hoa (VNA)- A group of foreign investors, led by Prince Abdul Qawi of Brunei, met with authorities in the central province of Thanh Hoa on May 18, looking for investment opportunities.

Prince Qawi said the delegation wants favourable conditions for operations in renewable energy and oil refinery.

The investors are also interested in local Nghi Son deep-water port, he said.

Secretary of the provincial party committee Trinh Van Chien said Thanh Hoa is calling for investment in infrastructure, particularly in industrial parks within the Nghi Son economic zone, which is one of the 8 key coastal economic zones with highest investment incentives.

The province is committed to ensuring favourable conditions for foreign investors, he stated.

On May 19, the delegation is scheduled to visit Lam Son and Sao Vang high-tech industrial parks and Nghi Son economic zone.

Thanh Hoa is the third largest province in Vietnam in terms of population with 3.7 million people. The province’s economy grew 11.8 percent in 2015.

Foreign investors, including Japan, the Republic of Korea, Taiwan (China), and Singapore, have so far injected 12.7 billion USD into 60 local projects on heavy industry, oil refinery, thermoelectricity and textiles.

Local tourism is also thriving, with 5.5 million tourists coming to the province in 2015.-VNA