DuongNgoc Long, Chairman of the provincial People’s Committee, said hisprovince always creates the most favourable conditions possible forinvestors in terms of investment permits and ground clearance.
Having welcomed a high-tech complex project invested by Samsung Groupfrom the Republic of Korea, Thai Nguyen continues to call on affiliatesof the business to promote their support industry projects.
Theprovince has also hastened ground clearance in Yen Binh, Diem Thuy,Song Cong and Nam Pho Yen industrial parks, enabling investors tokick-start the construction there at an early date.
Regardingadministrative reform, it has promulgated 20 mechanisms and policies tofacilitate investment, notably the application of the “one-stop-shop”mechanism in dealing with administrative formalities.
Regulardialogues between businesspersons, provincial officials and bankers toease difficulties for local businesses have also been maintained.
As a result, many investors have accessed preferential loans from commercial banks and benefited from some tax policies.
In the first half of this year, Thai Nguyen attracted 19foreign-invested projects valued at 134 million USD, bringing the totalto 66 with a combined investment of around 3.8 billion USD.-VNA