Thai Nguyen – FDI most attractive province in 2013

Northern Thai Nguyen province led localities in FDI attraction in 2013, bringing in about 3.3 billion USD, making up 16.1 percent of the country’s total figure of 21.6 billion USD.
Apart from successfully attracting the largest FDI amount last year, Thai Nguyen is also proud of Samsung Group’s three investment projects.

Duong Ngoc Long, Chairman of the provincial People’s Committee, told the Vietnam Economic News that Samsung’s investment in Thai Nguyen is an important economic factor which will largely contribute to the province’s socio-economic development and create the premise for FDI projects to come in the future.

“To succeed in attracting FDI, Thai Nguyen started improving investment environment with eight major solutions related to laws and policies, planning, infrastructure, human resources, site clearance, administrative reform, investment promotion, and environmental pollution,” Long said.

Thanks to the implementation of a series of Provincial Competitiveness Index (PCI) improvement measures, Thai Nguyen has improved the investment environment remarkably, climbing from 57th among the 63 provinces and cities across the country in PCI terms in 2011 to 44th in 2012 and 17th in 2013.

To promote the achievements, Thai Nguyen will this year continue to focus on attracting FDI into industry, especially the hi-tech and support industries, to create a breakthrough in provincial industrial restructuring.-VNA

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