Phu Tho among top five localities in investment attraction
The northern midland province of Phu Tho reeled in 17.2 trillion VND (781 million USD) of investment this year, becoming one of the top five localities in terms of development investment attraction.
Phu Tho (VNA)♛ – The northern midland province of Phu Tho reeled in 17.2 trillion VND (781 million USD) of investment this year, becoming one of the top five localities in terms of development investment attraction.
According to the provincial Department of Planning and Investment, the figure represented a 24.2 percent increase from 2014, of which over 9.2 trillion VND (418 million USD) was from businesses and the public, 3.5 trillion VND (159 million USD) from ministries and State-owned enterprises, and 1.1 trillion VND (50 million USD) from foreign investors.
The capital inflows were poured into schools, urban infrastructure, transport, irrigation, environment cleanup and health care.
Some of the major projects are the Noi Bai – Lao Cai highway, Viet Tri – Ba Vi bridge and Phu Ha, Cam Khe and Phu Ninh industrial parks.
Next year, Phu Tho sets the goal of drawing over 18.9 trillion VND (859 million USD) for development, up 8.7 percent from 2015.
The province also plans all possible support for investors, working closely with ministries and agencies to hasten the progress of key projects in Viet Tri, Lam Thao and Phu Ninh districts.
It will intensify the supervision of the quality of works while issuing regulations for investors, project management boards and contractors to prevent construction delay.-VNA
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The northern midland province of Phu Tho aims to become one of the leading localities in the northern midland and mountainous region in the next five years.
The Prime Minister Nguyen Tan Dung signed off on a 2.2 trillion VND (97.6 million USD) investment package for infrastructure development of the Cam Khe Industrial Park in northern Phu Tho province.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
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Illustrative image (Source:VNA)
