Tay Ninh lures over 5 bln USD in first half of 2017

16:25 | 09/07/2017 Investment

The southern province of Tay Ninh attracted 298 domestic and foreign-invested projects worth over 5 billion USD as of the late June.

Illustrative image - Source: VNA

Of them, 200 foreign-invested projects were worth 4.449 billion USD and others were valued at nearly 638 million USD. Up to 208 projects are underway, generating jobs to 103,000 local workers.

In order to lure more capital, the province established a working team to devise breakthrough steps for the 2017-2021 socio-economic development, with a focus on transport infrastructure, personnel training, industry, tourism and high-tech agriculture.

It has also stepped up administrative reform by simplifying procedures and creating a transparent and pro-business environment while strengthening inspection and seriously dealing with negative phenomena.

The provincial authorities met consulate generals and businesses from the US, Japan and the Republic of Korea (RoK) to introduce local potential and pitch for investment.

In collaboration with the Vietnam Organic Agricultural Economic Institute, they hosted an international seminar on developing farming value chain amid global integration and piloted a relevant model in the locality,

A conference discussing cooperation between Hanoi and Tay Ninh for 2017-2020 was also held.

In the first half of this year, local industrial and economic zones licensed 15 domestic and foreign-invested projects with a total registered capital of 663 million USD, up 29.3 percent year-on-year.

Exports in industrial and economic zones hit 1.3 billion USD, marking a 27 percent increase annually, contributing 300 billion VND (13.04 million USD) to the State budget.

Nguyen Thanh Ngoc, Vice Chairman of the provincial People’s Committee, said the province still meets difficulties regarding infrastructure, especially in industrial and economic zones, the shortage of skilled workforce, and consumption.

Theo VNA