Thai Nguyen asked to become northern hub of industry and services

Sunday, 2018-07-01 16:54:47
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Prime Minister Nguyen Xuan Phuc visits a booth of Thai Nguyen tea products (Photo:VGP)
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NDO/VNA – Prime Minister Nguyen Xuan Phuc has asked the northern province of Thai Nguyen to strive to become a leading hub of industry, services and innovation of the northern region and for the whole country.

Addressing Thai Nguyen’s investment promotion conference on July 1, the PM suggested that the locality should take advantage of the Republic of Korea-invested Samsung Thai Nguyen as a driving force for local socio-economic development, especially in boosting sustainable growth in the electronic industry.

He noted that Samsung has helped to raise the province’s industrial production 15-fold in three years, adding that the province’s exports also increased from 245 million USD in 2013 to 23.5 billion in 2017.

Besides, Thai Nguyen needs to focus on building a trademark for its specialty tea by forming a trademark, image and geographical indication for the product, thus boosting the product’s exports, he said.

At the same time, the province should work harder to establish a tourism complex at national and international level by promoting Ho Nui Coc and Tam Dao’s eastern mountain side and other historical and cultural relic sites such as Dinh Hoa safety zone and Tan Trao relic site, with links to Ba Be Lake in Bac Kan.

PM Phuc also asked Thai Nguyen to complete its socio-economic development plan with closer links to other localities and international partners, while ensuring social equality, thus boosting inclusive growth.

He pledged that the Government will supervise and support Thai Nguyen through restructuring the economy, improving growth quality, stabilizing the macro-economy, improving the investment and business environment and ensuring transparency.

During the conference, Thai Nguyen called for investment in 65 projects across various fields of industry, agriculture, trade infrastructure, culture, tourism, sports, transport, urban, health care, education. It also aimed to lure investors to five industrial parks.

Currently, Thai Nguyen is hosting 6,318 enterprises with a total investment of VND 79.5 trillion (US$ 3.49 billion) and 130 FDI projects worth US$ 7.3 billion.

At the event, the province granted investment certificates to 50 projects worth VND 46.78 trillion.

Commercial banks also handed over VND 12 billion to Thai Nguyen as social welfare support for the province. The banks coordinated with investors to verify and sign credit contracts for 27 projects with total loans of VND 10.19 trillion in the prioritised sectors of agriculture, export, small-and-medium-sized enterprises, support industries, and high technology industry.

On the occasion, PM Phuc also visited and presented gifts to Hero of the Armed Forces, Nguyen Viet Duc, in Tan Thinh district of Thai Nguyen city.