Business

PM urges Thanh Hoa to draw investment

With its ample advantages, the north central coastal province of Thanh Hoa should work to become a model in attracting investment.
PM urges Thanh Hoa to draw investment ảnh 1Prime Minister Nguyen Xuan Phuc (Photo: VNA)
Thanh Hoa (VNA) – With its ample advantages, the north central coastal province ofThanh Hoa should work to become a model in attracting investment.

PrimeMinister Nguyen Xuan Phuc made the statement at an investment promotionconference in Sam Son city on May 18.

He said thatthe Government will provide opportunities for Thanh Hoa to become an exemplary localityto achieve its investment targets.

The PMdescribed Thanh Hoa as a miniature Vietnam, with a dynamic economy full of potential.

He urged thelocality to improve the investment environment to ensure equality forbusinesses, and provide land in an effective manner.

He agreedwith local plans to develop oil refining, aquatic processing, and tourism.

The PM suggested studying developing hi-techagriculture and focusing on products with high economic value.

He encouragedbusinesses to invest in agriculture, services and infrastructure whilediversifying services and taking advantage of heritage sites such as HoCitadel, Lam Kinh historical relic site, community-based and craft villagetourism.

To increase enterprises’ competitiveness and tobuild a strong business community, the province should train skilled workersand help businesses make long-term investments and join the global value chain,he said.

He also noted that the province could not dobusiness without protecting the environment.

Various Government projects are planned for theprovince, including the Hanoi-Thanh Hoa-Nghe An expressway and a coastal routeto prevent natural disaster.

At the conference, Thanh Hoa granted investmentlicenses to 32 projects with a total estimated investment of 135.3 trillion VND(equivalent to 6.1 billion USD), mainly in processing and manufacturing.

Earlier, thePM had a meeting with local authorities, during which he stressed that ThanhHoa is one of Vietnam’s key investment destinations.

The province has eight industrial parks, attractedbig companies and deployed policies to lure social investment, he said.

He hailed local efforts to build synchronousinfrastructure for investment projects, offer competitive land lease prices andlabour costs, and promptly address difficulties for businesses.

Thanh Hoa coversmore than 11,000 square meters and has a population of 3.6 million people,ranking fifth nationwide in natural area and third in population.

The percapita average income was 1,620 USD at the end of 2016, the highest level inthe north central region. It is expected to reach 1,750 USD in 2017.

The provinceis striving to record economic growth of 12 percent this year.-VNA

VNA
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