Phu Tho among top five localities in investment attraction
The northern midland province of Phu Tho reeled in 17.2 trillion VND (781 million USD) of investment this year, becoming one of the top five localities in terms of development investment attraction.
Illustrative image (Source:VNA)According to the provincial Department of Planning and Investment, the figure represented a 24.2 percent increase from 2014, of which over 9.2 trillion VND (418 million USD) was from businesses and the public, 3.5 trillion VND (159 million USD) from ministries and State-owned enterprises, and 1.1 trillion VND (50 million USD) from foreign investors.
The capital inflows were poured into schools, urban infrastructure, transport, irrigation, environment cleanup and health care.
Some of the major projects are the Noi Bai – Lao Cai highway, Viet Tri – Ba Vi bridge and Phu Ha, Cam Khe and Phu Ninh industrial parks.
Next year, Phu Tho sets the goal of drawing over 18.9 trillion VND (859 million USD) for development, up 8.7 percent from 2015.
The province also plans all possible support for investors, working closely with ministries and agencies to hasten the progress of key projects in Viet Tri, Lam Thao and Phu Ninh districts.
It will intensify the supervision of the quality of works while issuing regulations for investors, project management boards and contractors to prevent construction delay.-VNA
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