New projects pump $2 billion into Thai Nguyen

July 01, 2018 | 14:00

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This morning, the northern province of Thai Nguyen granted investment certificates and awarded decisions of investment agreements and memoranda of understanding to 50 projects with a total registered investment capital of VND46.7 trillion (over $2 billion).

new projects pump 2 billion into thai nguyen

Investors and government leaders at the conference

The projects include two invested by FLC Group with a total investment capital of VND18.32 trillion ($814.22 million). Accordingly, FLC will develop a resort and urban area complex and a new urban area.

Other big projects are the EU-CONCH VENTURE Thai Nguyen project costing VND1 trillion ($44.44 million) which produces electricity from solid waste; Cotec Healthcare’s VND1.2 trillion ($53.33 million) international hospital; and TMS Group’s VND4 trillion ($177.77 million) for two urban area projects.

Investors received investment certificates, decisions of investment agreements, and memoranda of understanding

The conference attracted the participation of Prime Minister Nguyen Xuan Phuc and 700 other participants, including government leaders, international diplomatic organisations, economists, as well as domestic and foreign investors.

Themed “Thai Nguyen—Potential for Growth and Investment Opportunities,” the conference was a chance for investors and government agencies to meet and update information about the investment climate and discuss future cooperation with businesses.

The PM made a speech at the conference

Addressing the event, the PM highlighted improvements in Thai Nguyen’s investment environment. “With favourable location, improved transport infrastructure, and rich natural resources, the province is likely to become a new growth pole of the northern region.”

At the conference, Thai Nguyen announced 65 projects that are calling for investment. They include 15 projects in industry, 19 in agriculture, 12 in trade infrastructure, culture, sports and tourism, 15 in transport and urban areas, and four in healthcare and education.

By Bich Thuy

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