Thai Binh introduces investment opportunities to German investors

August 25, 2019 | 10:53

(0) user say

The northern province of Thai Binh has untapped potential in many sectors such as agriculture, industry, mining, renewable energy, footwear, textile and garment and personnel training thanks to favourable transport conditions and an abundant labour force, according to local authorities.

thai binh introduces investment opportunities to german investors

A meeting between Thai Binh authorities and enterprises from Thuringen state of Germany. — Photo VNA

Nguyen Hong Dien, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, said Thai Binh had been offering a wide range of preferential policies for foreign investors.

During a meeting with authorities and enterprises from Thuringen state of Germany as part of his ongoing visit to Europe, Dien praised long-lasting relations between his province and Thuringen which is home to the world’s leading wind turbine maker Enercon.

The ties would be enhanced after Viet Nam and the EU’s agreements on free trade and investment protection take effect, he noted.

Working with Enercon, he said he hoped the corporation would seek investment opportunities in building an equipment production plant and a human resources training centre in the locality, adding several wind power projects had been developed in the province to take advantage of the 54-kilometre coastline.

During the meeting, Enercon and other businesses in Thuringen expressed their interest in investing in the locality.

Vietnamese Ambassador to Germany Nguyen Minh Vu said the embassy would make efforts to help Thai Binh seek partners and call for German investment in local industrial clusters.

Thai Binh is now home to 12 industrial parks, 50 industrial clusters and one economic zone.

According to Thai Binh's portal, the province strives to have 12 industrial zones (IZs) covering a total area of more than 2,500ha by 2020. Seven have been approved for construction while six are already operational.

As of May 25, the province's IZs had attracted 189 projects, including 142 foreign-invested ones, with combined investment capital of more than VND31 trillion (US$1.33 billion).

Meanwhile, its operational industrial clusters had lured 380 projects as of May 27.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional