Thai Nguyen encouraged to attract domestic investors

10:00 | 20/04/2018 Economy

As well as drawing foreign investment, Thai Nguyen should pay attention to facilitating domestic enterprises to attract them to the province, said Deputy Prime Minister and Foreign Minister Pham Binh Minh.

Deputy PM Pham Binh Minh speaks at the working session - Photo: VGP

The government official made the request while engaging with the Thai Nguyen provincial Standing Party Committee during his working visit to the northern province on April 19.

According to Secretary of Thai Nguyen provincial Party Committee Tran Quoc To, Thai Nguyen posted an average economic growth of 14 pct in the 2016-2017 period, and 12.75 pct in 2017 alone, which was the highest rate among the northern provinces and two times higher than the national average growth rate.

In addition, the Provincial Governance and Public Administration Performance Index (PAPI) in 2017 advanced two places compared to 2016, with the province ranking 17th out of 63 provinces and cities across the country, while the Provincial Competitiveness Index (PCI) rose from 57th in 2011 to 15th out of 63 provinces in 2017.

The provincial Party leader noted that Thai Nguyen has more than 6,100 enterprises with a total registered capital of over VND78 trillion (US$3.44 billion) in addition to US$7.3 billion worth of FDI capital registered by its foreign investors.

Deputy PM Minh praised Thai Nguyen for its strong economic performance in recent years, saying that the province should create more favorable conditions and attract more domestic enterprises to invest in the province, particularly in the area of hi-tech agriculture.

He also gave his opinions on several major projects in the province and the organization of an investment promotion conference scheduled for June this year.

Theo NDO