Vietnam

Thai Nguyen Province told to work with investors to grow economy


Published

President Truong Tan Sang has called on Thai Nguyen Province in the North-east of the country to become an economic hub and to work with investors to grow investment attraction.

The full press release as published on the government website is as follows:

Thai Nguyen ‘can become regional economic hub’

HA NOI (VNS)— President Truong Tan Sang has asked Thai Nguyen Province to overhaul its investment environment and pinpoint its strengths to transform itself into an economic hub in the northern mountainous region.

He made the request while working with key provincial officials yesterday, as part of his tour of the three northern provinces, including Bac Can and Cao Bang, to inspect their socio-economic development, construction of new-style rural areas and national security.

Sang said the province must work harder to meet the six remaining criteria on shifting its economic structure, maintaining growth rate and building new rural areas.

The leader stressed that as a link between Ha Noi and the northern mountainous localities, Thai Nguyen needed to speed up ongoing transportation projects, especially ensuring the progress of the Ha Noi-Thai Nguyen expressway and National Highway 3 projects to improve investment attraction and commodity transportation.

Thai Nguyen, strong in processing industries, should choose capable investors willing to work with local partners to create a linkage chain while developing the support industry, reducing its performance as a subcontractor and increasing the rate of locally-made industrial products, he said.

As for the building of new rural areas, Sang said the province must set sound criteria and mobilise social resources to achieve the best results.

Hailing successes in ensuring political security and judicial reform, the President asked the local authorities to well implement the Party build-up in line with the Resolution set at the fourth meeting of the Party Central Committee.

According to Secretary of the provincial Party Committee Nguyen Dinh Phach, Thai Nguyen enjoyed an economic growth rate of 5.3 per cent in the first half of this year. The index of industrial production was up 5.9 per cent, budget collection hit nearly VND2.3 trillion (US$109 million) and new jobs were generated for over 12,600 workers.

He also suggested that the President and ministries offer Thai Nguyen more incentives to develop the province into one of the economic, medical and training centres in the region. — VNS”

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