The central province of Thanh Hoa is focusing on improving itsinvestment climate, implementing effective socio-economic developmentpolicies and promoting economic restructuring in a bid to attract moreinvestment into the locality.
According to Nguyen Dinh Xung,Chairman of the provincial People’s Committee, Thanh Hoa has beenimplementing a number of measures to tap its potential and boosteconomic growth and competitiveness.
The locality is payingattention to equitising State-owned enterprises, divesting fromnon-core businesses and fostering new-style agricultural cooperativemodels to strengthen connections and form production value chains.
Meanwhile, private and foreign businesses are receiving favourable conditions to develop their production and trade activities.
ThanhHoa is also paying heed to developing small- and medium-sizedenterprises, promoting the application of advanced science andtechnologies in production and training human resources to serve thelocality’s industrialisation and modernisation goals.
It willalso strengthen state management of mineral and environmental protectionand streamline administrative procedures to make it easier forinvestors to rapidly carry out projects and effectively operate in thelocality.
Covering over 11,000 square kilometres,Thanh Hoa has advantages in transport, infrastructure facilities,geographic position and natural resources.
It boastsfive industrial parks and the Nghi Son economic zone (EZ) – one of thefive key economic areas of the country which focuses on heavy industry,basic industry and the Nghi Son seaport.
Spanning18,000 hectares, Nghi Son EZ is now home to 134 projects, including 124domestic projects. The majority of projects are operating effectively,contributing to local economic development and creating jobs forthousands of local residents.
The zonealso houses the Nghi Son Oil Refinery and Petrochemical Complex (NSRP),the largest of its kind in Southeast Asia and the biggest foreign directinvestment (FDI) project in Vietnam with a capital investment of morethan 9 billion USD.
Thanh Hoa is concentrating onbuilding the Lam Son-Sao Vang Hi-tech Industrial Park with a total areaof 6,000 hectares, which is expected to become the province’s majoreconomic area in the future.
The locality has recently rankedamong the top ten in the provincial international economic integrationindex, the provincial competitiveness index, and the Vietnam ProvincialGovernance and Public Administration Performance Index, evidence of itspromising progress towards favourable investment conditions.
In 2014 alone, the province granted licencesfor 152 new projects, including 10 FDI projects, with a combinedregistered capital of 27 trillion VND (1.27 million USD), 2.5 times thatof the previous year. Seven FDI projects also increased their capitalby 107.6 million USD.-VNA
According to Nguyen Dinh Xung,Chairman of the provincial People’s Committee, Thanh Hoa has beenimplementing a number of measures to tap its potential and boosteconomic growth and competitiveness.
The locality is payingattention to equitising State-owned enterprises, divesting fromnon-core businesses and fostering new-style agricultural cooperativemodels to strengthen connections and form production value chains.
Meanwhile, private and foreign businesses are receiving favourable conditions to develop their production and trade activities.
ThanhHoa is also paying heed to developing small- and medium-sizedenterprises, promoting the application of advanced science andtechnologies in production and training human resources to serve thelocality’s industrialisation and modernisation goals.
It willalso strengthen state management of mineral and environmental protectionand streamline administrative procedures to make it easier forinvestors to rapidly carry out projects and effectively operate in thelocality.
Covering over 11,000 square kilometres,Thanh Hoa has advantages in transport, infrastructure facilities,geographic position and natural resources.
It boastsfive industrial parks and the Nghi Son economic zone (EZ) – one of thefive key economic areas of the country which focuses on heavy industry,basic industry and the Nghi Son seaport.
Spanning18,000 hectares, Nghi Son EZ is now home to 134 projects, including 124domestic projects. The majority of projects are operating effectively,contributing to local economic development and creating jobs forthousands of local residents.
The zonealso houses the Nghi Son Oil Refinery and Petrochemical Complex (NSRP),the largest of its kind in Southeast Asia and the biggest foreign directinvestment (FDI) project in Vietnam with a capital investment of morethan 9 billion USD.
Thanh Hoa is concentrating onbuilding the Lam Son-Sao Vang Hi-tech Industrial Park with a total areaof 6,000 hectares, which is expected to become the province’s majoreconomic area in the future.
The locality has recently rankedamong the top ten in the provincial international economic integrationindex, the provincial competitiveness index, and the Vietnam ProvincialGovernance and Public Administration Performance Index, evidence of itspromising progress towards favourable investment conditions.
In 2014 alone, the province granted licencesfor 152 new projects, including 10 FDI projects, with a combinedregistered capital of 27 trillion VND (1.27 million USD), 2.5 times thatof the previous year. Seven FDI projects also increased their capitalby 107.6 million USD.-VNA
