The northern province of Thai Nguyen granted licences to 25 foreign direct investment (FDI) projects worth over 3.2 billion USD in 2014, making it one of the top localities nationwide in FDI attraction.
Most investment was poured into manufacturing mobile phones and spare parts and support electronic equipment for the Samsung hi-tech complex in the Yen Binh 1 Industrial Park.
During the year, the province also allowed 26 existing FDI projects to be added with a total capital of over 100 million USD, proving it as a fertile land for investors, especially when the Samsung hi-tech complex became operational last year.
Of the total newly registered and added FDI, over 1 billion USD was disbursed.
Foreign businesses earned over 8.7 billion USD in revenue, generated jobs for 52,000 workers and contributed more than 10 million USD to the State budget.
Director of the provincial Department of Planning and Investment Dang Xuan Truong said the province has adopted incentives for businesses to promote investment and seek partners, while mobilising financial sources for site clearance at centralised industrial parks.
To create a healthy investment climate, local authorities withdrew investment licences and stop operation of projects with slow progress and failing to abide by local regulations on investment.
In 2015, the province aims to attract 1.3 billion USD in FDI.-VNA
Most investment was poured into manufacturing mobile phones and spare parts and support electronic equipment for the Samsung hi-tech complex in the Yen Binh 1 Industrial Park.
During the year, the province also allowed 26 existing FDI projects to be added with a total capital of over 100 million USD, proving it as a fertile land for investors, especially when the Samsung hi-tech complex became operational last year.
Of the total newly registered and added FDI, over 1 billion USD was disbursed.
Foreign businesses earned over 8.7 billion USD in revenue, generated jobs for 52,000 workers and contributed more than 10 million USD to the State budget.
Director of the provincial Department of Planning and Investment Dang Xuan Truong said the province has adopted incentives for businesses to promote investment and seek partners, while mobilising financial sources for site clearance at centralised industrial parks.
To create a healthy investment climate, local authorities withdrew investment licences and stop operation of projects with slow progress and failing to abide by local regulations on investment.
In 2015, the province aims to attract 1.3 billion USD in FDI.-VNA
