Chairman of the People’s Committee of Thai Nguyen province, Vu Hong Bac, and Chairman of the Board of Directors and CEO of T&T Group, Do Quang Hien, signed a memorandum of understanding (MoU) on the investment in five projects worth a total of VND46 trillion (US$1.97 billion) in the province.
The five projects include the project on upgrading the provincial-level road 266; the project on building an ecotourism and resort area and a road linking with the Hanoi-Thai Nguyen expressway; the project on developing the Viet Bac market, an exhibition and convention centre and an urban area in Thinh Dan ward in Thai Nguyen city; the project on solid and industrial waste treatment complex in Pho Yen town; and the project on hi-tech agricultural production in Tien Phong commune, Pho Yen town.
Addressing the ceremony, Secretary of Thai Nguyen provincial Party Committee, Tran Quoc To, affirmed that the province and its localities pledge to create favourable conditions for investors and the T&T Group to carry out the projects.
Chairman of the Board of Directors and CEO of T&T Group, Do Quang Hien expressed his delight at the commitments of the province and expessed his wish that the local authorities would stand side by side with the investors during the implementation of projects, particularly helping them with all legal procedures.
Hien noted that, with its experience and capacity, the T&T Group will implement projects aligned with the commitments in the MoU.
Earlier, at the provincial investment promotion conference held on July 1, the province authorities granted investment certificates and approved in principle 50 projects worth over VND46.7 trillion (approximately US$2 billion).