Business

Over 16.3 trillion VND ready to be invested in Thai Nguyen

As many as 31 projects worth about 717.2 million USD have so far been registered to run in the northern province of Thai Nguyen within the framework of its investment promotion conference.
Over 16.3 trillion VND ready to be invested in Thai Nguyen ảnh 1Illustrative photo (Source: thainguyentv.vn)

Thai Nguyen (VNA) –As many as 31 projects worth16.3 trillion VND (717.2 million USD) have so far been registered to run in thenorthern province of Thai Nguyen within the framework of its investmentpromotion conference.

The information was released on June 20 at a pressconference on the event, which will take place on July 1. The conference isexpected to draw about 800 delegates who are Party and State leaders,representatives of ministries, central agencies, diplomatic corps,international organisations and domestic and foreign businesses.

According to the organising board, the conference willfeature the launch of the 1-trillion-VND (44 million USD) extended Bac Son roadproject connecting downtown Thai Nguyen with the local Nui Coc Lake tourismsite. It will also announce the list of 65 priority projects in need of capital,and witness the granting of investment licences to eligible projects and thesigning of memoranda of understanding on investment collaboration.

Thai Nguyen has made lists of three qualified investors forprojects worth over 3.1 trillion VND (136.4 million USD) and seven projectseligible to receive investment licences with a total value of at more than 1.7trillion VND (74.8 million USD).

The conference is expected to witness the signing ofmemoranda of understanding on investment cooperation for 21 projects, valued atnearly 11.4 trillion VND (501.6 million USD) in total.

Prior to the event, local authorities had separate meetingswith foreign business delegations and investors from Japan, France, the UnitedArab Emirates, Hong Kong, the Republic of Korea, and Singapore.

The local leaders also met with domestic investors like theSun Group and FLC Group, respectively discussing projects on building a cablecar system connecting Nui Coc Lake to Tam Dao in Vinh Phuc province and on thedevelopment of urban infrastructure and high-tech agro-forestry.

Nhu Van Tam, Vice Chairman of the Thai Nguyen People’sCommittee, said located in the centre of the northern mountainous and midlandregion, the province boasts great advantages in attracting investment intourism, industrial development, trade, services, and argo-forestry.

It has to date planned six industrial zones covering 1,400ha and 35 industrial clusters spanning 1,300 ha.-VNA
VNA
#Thai Nguyen investment promotion conference #Thai Nguyen investment attraction #Sun Group #FLC Group #Thai Nguyen economy #Thai Nguyen #Vietnam #Vietnam News Agency #vietnamplus Thai Nguyen
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