With an inflow of capital into trade, services and telecommunications,the northern province of Thai Nguyen is becoming more appealing toinvestors within and outside the country.

From the outset of this year, tens of millions of US dollars have been funnelled into new projects.

Big-name investors include Wingroup, Nguyen Kim, Muong Thanh hotelgroup and BigC supermarket chain, said Director of the provincialDepartment of Planning and Investment Dang Xuan Truong.

The province also gave a nod to the master plan for the Dong Tam Daoecological, resort, sports and entertainment complex stretching over5,800 hectares in Pho Yen district.

SeveralRepublic of Korea and domestic firms have poured money into 40-hectaresocial housing projects in Pho Yen district and Thai Nguyen city.

To offer business incentives, Thai Nguyen is streamlining itsbureaucracy, upgrading road infrastructure and accelerating siteclearance.

It has set aside 30-50 hectares of land in industrial parks to attract investment (FDI) and scrapped 66 delayed works.

It is speeding up the construction of the Thai Nguyen – Cho Moihighway, calling for investment in the build-transfer,build-operate-transfer, build-transfer-operate and public-privatepartnership models for the sake of urban and industrial development.

Thai Nguyen currently has 72 registered foreign directinvestment projects worth over 6.9 billion USD, 46 of which are fundedby the Republic of Korea, making it the largest investor in the localitywith 96 percent of the total foreign investment.-VNA