The north central province of Thanh Hoa is making concerted effortsto become an attractive and sustainable investment destination fordomestic and international investors, according to provincialauthorities.
Thanh Hoa has recently rankedamong the top ten of the provincial international economic integrationindex, the Provincial competitiveness index, and the Viet NamProvincial Governance and Public Administration Performance Index ,evidence of its promising progress towards favourable investmentconditions.
In 2014 alone, the provincegranted licences for 152 new projects, including 10 FDI projects, with acombined registered capital of 27 trillion VND (1.27 billion USD), 2.5times that of the previous year. Seven FDI projects also increased theircapital by 107.6 million USD.
Among thoseprojects, many are large-scale projects like the International GolfCourse and Resort project in Sam Son or the Holstein Farm in Thanh Hoa2.
But with a relatively low occupancy rate ofthe Nghi Son economic zone, which has an area of 19,000 hectares, andfive concentrated industrial parks, with a combined area of 3,100hectares, more efforts are still needed in the years to come.
Hoang Anh Tuan, Deputy Director of the province’s Department ofPlanning and Investment, said Thanh Hoa will speed up the implementationof licensed projects as well as key projects funded by the State budgetand Government bonds.
The department, hecontinued, will advise the provincial People’s Committee to address anydifficulties and obstacles encountered to ensure land clearance forprojects.
The province will also properlyimplement new laws taking effect in 2015, such as the Public InvestmentLaw, the Construction Law, the Enterprises Law, and the Investment Law,as well as streamline administrative procedures to make it easier forinvestors to rapidly carry out projects.
Besidesthe Government’s preferential policies, Thanh Hoa developed additionalincentive policies for local and international investors, such asoffering a 10 percent subsidy for the cost of land clearance forinvestors in the industrial zones number 3, 4, and 5 at the Nghi Soneconomic zone.
The province also reviews and revises mechanisms and policies to maximise their suitability and relevance.
Key transport projects such as the Nam Song Ma Avenue, the Tho XuanAirport, the road connecting Tho Xuan Airport to the Nghi Son economiczone, seaports in the Nghi Son economic zone and the National Road 217will be accelerated to ensure timely completion.-VNA
Thanh Hoa has recently rankedamong the top ten of the provincial international economic integrationindex, the Provincial competitiveness index, and the Viet NamProvincial Governance and Public Administration Performance Index ,evidence of its promising progress towards favourable investmentconditions.
In 2014 alone, the provincegranted licences for 152 new projects, including 10 FDI projects, with acombined registered capital of 27 trillion VND (1.27 billion USD), 2.5times that of the previous year. Seven FDI projects also increased theircapital by 107.6 million USD.
Among thoseprojects, many are large-scale projects like the International GolfCourse and Resort project in Sam Son or the Holstein Farm in Thanh Hoa2.
But with a relatively low occupancy rate ofthe Nghi Son economic zone, which has an area of 19,000 hectares, andfive concentrated industrial parks, with a combined area of 3,100hectares, more efforts are still needed in the years to come.
Hoang Anh Tuan, Deputy Director of the province’s Department ofPlanning and Investment, said Thanh Hoa will speed up the implementationof licensed projects as well as key projects funded by the State budgetand Government bonds.
The department, hecontinued, will advise the provincial People’s Committee to address anydifficulties and obstacles encountered to ensure land clearance forprojects.
The province will also properlyimplement new laws taking effect in 2015, such as the Public InvestmentLaw, the Construction Law, the Enterprises Law, and the Investment Law,as well as streamline administrative procedures to make it easier forinvestors to rapidly carry out projects.
Besidesthe Government’s preferential policies, Thanh Hoa developed additionalincentive policies for local and international investors, such asoffering a 10 percent subsidy for the cost of land clearance forinvestors in the industrial zones number 3, 4, and 5 at the Nghi Soneconomic zone.
The province also reviews and revises mechanisms and policies to maximise their suitability and relevance.
Key transport projects such as the Nam Song Ma Avenue, the Tho XuanAirport, the road connecting Tho Xuan Airport to the Nghi Son economiczone, seaports in the Nghi Son economic zone and the National Road 217will be accelerated to ensure timely completion.-VNA
