A corner of Song Cong Industrial Zone in Thai Nguyen (Source: VNA)
The northern province of Thai Nguyen is striving to attract at least 10 investment projects totaling around 300 million USD to its industrial zones in 2019, according to local authority.
The combined sales in local industrial zones are projected to hit 28 billion USD and the export turnover at 26 billion USD, stated Phan Manh Cuong, head of the Thai Nguyen’s Industrial Zone Management Board.
He added that the province also sets a target of more than 3,000 new jobs in industrial zones to be created this year.
To achieve these targets, Thai Nguyen will continue promoting investment in the zones by classifying advantageous FDI flows.
The board will also focus on building the Song Cong II Industrial Zone with an area of 250ha in Song Cong city, Cuong stated.
According to him, among the six industrial zones approved by the Prime Minister, five have been put into operation, attracting 200 projects, including 95 FDI projects worth 7.55 billion USD, accounting for 97.2 percent of the province’s total registered capital.
As of the end of 2018, 130 projects were put into operation. Total sales of enterprises in local industrial zones reached nearly 29 billion USD in 2018, while their exports were valued at nearly 25 billion USD, accounting for 98 percent of the locality’s total export turnover. They also contributed 6.9 trillion VND (297.8 million USD) to the State budget, equal to 48 percent of the province’s total budget collection.
At present, the enterprises are generating jobs for nearly 120,000 workhands, with an average monthly income of 6.5 million VND each./.