Mon. Nov 4th, 2024

The northern province of Thai Nguyen has set a target of attracting
up to 5 billion USD in foreign direct investment (FDI) this year,
according to the provincial People’s Committee chairman Duong Ngoc Long.

This amount of FDI would help the province better
ensure its socio-economic development growth against a back drop of
decreasing capital from domestic investors. Long said.

In order to achieve the ambitious goal, provincial authorities will
focus on speeding up administrative reform, perfecting infrastructure
and developing industrial zones to provide foreign investors with
adequate “clean land” as well as improving quality of human resources,
Long declared.

Statistics from the provincial
Department of Planning and Investment showed that more than 100
organisations and businesses have come to survey the investment and
business environment here.

About 10 domestic and foreign businesses and organisations visited the province in the first quarter of this year.

Earlier in March, the Samsung Group of the Republic of Korea
began the construction of a 3.2 billion USD high-tech complex in the
province.

When completed, the area will house
Samsung’s largest mobile phone factory, which is expected to provide
jobs for thousands of local people. It will also contribute tens of
billions of dollars to the country’s annual export turnover, while
boosting the development of the electronics support industry in the
northern region of Vietnam .

Recently, six projects providing components for the complex have been licensed with capital totaling 100 million USD.-VNA

By vivian