Many billion-dollar projects promise to land in Thanh Hoa province

It is expected that 34 projects with a total capital of about VND 350 trillion will be awarded a decision and signed an investment memorandum at the Investment Promotion Conference of Thanh Hoa province in 2020 on June 12 and 13.

On the afternoon of June 10, Thanh Hoa People's Committee held a press conference to inform the Investment Promotion Conference of Thanh Hoa Province 2020. Mr. Nguyen Duc Quyen, Permanent Vice Chairman of Thanh Hoa People's Committee, and Mr. Nguyen Van Thi, Head of Management Board of Nghi Son Economic Zone and Industrial Zones in Thanh Hoa province, chaired the press conference.

Mr. Nguyen Duc Quyen (standing), Standing Vice Chairman of Thanh Hoa People's Committee, and Mr. Nguyen Van Thi, Head of Nghi Son Economic Zone Management Board, chaired the press conference.

According to the report, in recent years, based on the promoting internal resources, strongly improving the business investment environment, effectively using socio-economic resources, Thanh Hoa province has achieved results in all areas. Economic growth rate - GRDP in the period of 2016-2019 reached 12.6% (1.6 times higher than the national average), the structure of economic sectors in GRDP shifted in a positive direction, in the right direction, with revenue State budget increases by 12.3% on average.

Especially in 2019, many socio-economic development expenditures of Thanh Hoa have a breakthrough, GRDP growth reached 17.15%, the highest ever, including 21.87% growing of the industry and construction, GRDP per capita reached 2,325 USD. Up till now, at Thanh Hoa province, there are nearly 16,000 operating enterprises, more than 2,200 direct investment projects, with a total registered capital of about 650,000 billion VND, including 129 FDI projects from 20 countries around the world with a total registered capital of US $ 14.2 billion (ranked 8th in FDI attraction in Vietnam).

Mr. Nguyen Van Thi, Head of the Management Board of Nghi Son Economic Zone and Industrial Zones in Thanh Hoa province, said that Thanh Hoa affirmed his consistent view and committed to create the most favorable conditions.

Thanh Hoa city has changed a lot when big projects landed in the area over the years.

Also according to Mr. Nguyen Van Thi, Thanh Hoa Investment Promotion Conference in 2020 will take place within 2 days 12 and 13 June at Thanh Hoa city. There will be 34 projects expected to invest at Thanh Hoa of which 19 projects will be awarded decisions approving investment policies, certificates of investment registration; 15 projects will sign a memorandum of commitment to invest at Thanh Hoa province.

Mr. Nguyen Duc Quyen, Permanent Vice Chairman of Thanh Hoa People's Committee, emphasized that the administrative procedure reform and the investment attraction are the goal and permanent action of Thanh Hoa province in development strategy. Thanh Hoa is a big and potential province which will meet investors' needs and desires. However, Thanh Hoa province does not trade off the environment for economic development.

It is known that in 2017, Thanh Hoa province held a National Investment Promotion Conference and 31 projects were awarded decisions with a total investment of about 6 billion USD. Through the monitoring of the People's Committee of Thanh Hoa province, there have been 15 projects implementing construction investment, 7 projects are clearing ground, 6 projects are ending ... the total investment in Thanh Hoa has made about 5 billion USD.