The Hanoitimes - While making his speech at an investment promotion conference held by Tuyen Quang Province on February 27, Prime Minister Nguyen Xuan Phuc express his hope that investors will build long-term business strategies in the locality.
An investment, trade and tourism promotion conference, the first of its kind, was held by Tuyen Quang Province on February 27.Prime Minister (PM) Nguyen Xuan Phuc attended the conference.
Addressing the event, PM Phuc said that he had held a working session with the province leaders on February 26 addressing many issues, including the building of a 40km highway connecting Phu Tho with Tuyen Quang and the Noi Bai–Lao Cai highway.
Prime Minister Nguyen Xuan Phuc speaks at the investment conference.
The Government leader noted that the planned construction of a 40-km road connecting Tuyen Quang with the Hanoi-Lao Cai expressway will help reduce the travel time between the locality and Hanoi as well as other key economic areas in the north.
The PM urged the local authorities to focus on developing spearhead economic sectors such as organic agriculture, tourism, forestry, and mining, and affirmed that that these will help Tuyen Quang lure more investors.
He also asked the province to continue with efforts to improve investment climate through simplifying administrative procedures, increasing investment in infrastructure development, protecting the environment, and ensuring political stability, security and social order, as well as enhancing labour training.
PM Phuc witnesses the signing of investments in Tuyen Quang
PM Phuc express his hope that investors build long-term business strategies in the province and ensure workers’ rights and interests, while paying special heed to protecting the environment, especially the water environment.
He reiterated the government’s resolve to ensure stable macroeconomic and investment environment for businesses.
Tuyen Quang is calling for investment in the fields of tourism, agro-forestry-aquaculture production and processing, forest plantation and protection, and production of biotechnological products.
So far, the province has granted investment licences to 180 projects with a total investment of over 27 trillion VND (about 1.18 billion USD), including four foreign-invested projects.
In 2016, several big economic groups like the Vingroup, the Muong Thanh Group, the Vietnam National Textileand Garment Group and the DABACO Group, chose Tuyen Quang for their investment
The PM witnessed the signing of over VND22 trillion (US$968 million) worth of investment in Tuyen Quang province during the conference.
Representatives of Tuyen Quang and investors signed agreements to invest in six projects with a total investment of over VND18.6 trillion (US$818.4 million) in the areas of paper production, wood processing, hydroelectric power and sports.
The provincial authorities also took the occasion to present licences to six projects worth a combined nearly 3.7 trillion VND (164 million USD), including a 900 billion VND resort by Vinpearl group, and a 485 billion VND animal breeding complex by Dabaco.
Translated by Thu Minh