5:00:57 PM | 11/11/2009
Thai Nguyen City, 80 km from Hanoi, 50 km from Noi Bai International Airport and 30 km from the Da Phuc River Port, has a developed a railway system linking Hanoi, Lang Son Border Gate, and Cao Bang Border Gate. Thai Nguyen is a gateway for economic and cultural exchange between the mountainous midland and the Red River Delta.
Nice location, rich resources
With rich natural minerals and forest projects, Thai Nguyen City has been able to make shortcuts to embrace opportunities to invest and develop mineral and forest product processing industries. The city is home to the oldest steel complex in Vietnam and the first to export the metallurgy industry. To date, the Thai Nguyen industry has developed in all aspects such as metallurgy, mining, mechanics and forest product processing.
With its innovative and dynamic methods and simplified procedures to facilities investors to do business, Thai Nguyen City has determined that social stability and commercial exchange are the foundation for sustainable development and growth. Annually, the city injects a large sum of capital to upgrade urban infrastructure and communication systems to serve social and economic development. Thai Nguyen City accommodates 88 percent of major industrial production units in Thai Nguyen province, mainly involving mineral and metal processing and consumer goods production.
The attractions in this city bring an increasing number of visitors year after year, thus facilitating the presence of restaurants, hotels and commercial centres. Lying in the west of the city, Nui Coc Lake is a place of interest for many visitors thanks to its scenery and biodiversity.
Soil and climate conditions create a premium tea variety on this land. Tan Cuong tea is very famous in Vietnam and the world. The city is growing over 1,000 ha of tea to input exported tea processing facilities.
With its advantages and potential, the city has become a dynamic economic zone with 1,312 enterprises and nearly 15,000 business households.
Strategically important position
As a political and economic centre of north-western mountainous region of Vietnam, Thai Nguyen City is the gateway for economic and social exchange between the mountainous midland and the Red River Delta. The city is the shortest way for regional economic exchanges with Hanoi as well as dynamic economic zones like Hai Phong and Quang Ninh where there are big seaports.
Thai Nguyen acts as an economic, political, culture, medical, educational, scientific and military centre of the northwest of Vietnam. At present, the city is the third largest training centre in Vietnam with six universities, many colleges and vocational high schools, only after Hanoi and Ho Chi Minh City. With its strategically important location, Prime Minister Nguyen Tan Dung has approved to develop Thai Nguyen City into a centrally governed city and a key economic zone in the North of Hanoi.
Dynamic approaches
Continuous macro-economic reform has helped boost the economic competitiveness and development, create more jobs and improve living standards of local people. The city spared favourably situated locations in urban zones for companies to do business. Leading banks, insurance companies and financial companies in Vietnam have made presence in the city.
The entire urban traffic system has been rebuilt. In addition, the city also sped up public administration reform to create more opportunities for economic development, to improve the investment environment, ensure social security, and expand industrial zones to prepare locations for new companies to do business. The city has licensed hundreds of projects with investment capital amounting to thousands of billions of Vietnamese Dong each year.
These activities reflect the determinations of the city’s leadership as well as the activeness of the citizens to drive up the local economy, especially making Thai Nguyen City a political and economic centre of the northwest of Vietnam and a key economic zone in the North of Hanoi.
List of projects calling for investment capital
1. Thai Nguyen Commercial Centre and Supermarket
2. Thinh Dan New Urban Zone: 30 ha
3. Waste treatment plant: 150- 200 tonnes/day
4. Thai Nguyen vocational centre
5. Viet Bac Urban Zone
6. Residential Zone 3
7. Thai Nguyen International University
8. Regional retailing centre
9. Cau River anti-flood project
10. Thai Nguyen international hospital project
11. Thai Nguyen industrial complex infrastructure construction project
12. Thai Nguyen cultural, information and sport centre project
13. Thai Nguyen regional cultural, information and sport centre project
14. Intensive cattle and fowl husbandry project
14. Intensive cattle and fowl slaughtering project
15. Safe vegetable production project
16. Fresh flower production project
17. Thai Nguyen auto-running drainage project.
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