Thanh Hoa attracts US$6 billion in 32 investment projects

Friday, 2017-05-19 04:25:01
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The investment promotion conference in Thanh Hoa province
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NDO - More than 30 projects in the north central province of Thanh Hoa worth a total of VND135.3 trillion (US$6 billion) were given the green light at an investment promotion conference held on May 18.

More than half of investment pledges will go to the manufacturing sector, followed by tourism and urban infrastructure development, which drew VND22.8 trillion and VND21.5 trillion respectively.

The remaining capital is earmarked for agriculture and healthcare projects.

Speaking at the conference, Prime Minister Nguyen Xuan Phuc praised Thanh Hoa province for attracting selective investment in priority sectors, emphasising that with its dynamic economy and great potential, Thanh Hoa will soon become a model province.

He urged the province to continue improving its business environment, increase transparency and reduce costs for enterprises, adding that local authorities should be more active in attracting investment and utilise its competitive advantages.

The Prime Minister asked Thanh Hoa to consider developing a high-tech and large-scale agriculture, diversify its tourism services and enhance the competitiveness of locally based enterprises.

He emphasised that the province needs to give priority to the development of human resources and large enterprises as well as combine fostering economic growth with protecting the environment.

PM Phuc revealed that the government would soon build the Thanh Hoa-Nghe An Expressway, expand rail links, and upgrade Tho Xuan to an international airport.

Earlier the same day, PM Phuc met with the leadership of Thanh Hoa, where he commended the province for determining tourism and related services as a key sector.

The government leader also asked Thanh Hoa to tap into its other strengths to increase the province’s appeal to investors.