Illustrative photo (Source: thainguyentv.vn)

Thai Nguyen (VNA) –As many as 31 projects worth 16.3 trillion VND (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.

The information was released on June 20 at a press conference on the event, which will take place on July 1. The conference is expected 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 will feature the launch of the 1-trillion-VND (44 million USD) extended Bac Son road project connecting downtown Thai Nguyen with the local Nui Coc Lake tourism site. 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 the signing of memoranda of understanding on investment collaboration.

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

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

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

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

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

It has to date planned six industrial zones covering 1,400 ha and 35 industrial clusters spanning 1,300 ha.-VNA