German investors to enjoy preferential policies in Thai Binh province
The northern province of Thai Binh has employed a wide range of preferential policies for foreign investors, including those from Germany.
Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Nguyen Hong Dien made the statement while meeting with authorities and enterprises from Thüringen state, the world’s leading wind turbine maker Enercon and the Vietnamese Embassy in Germany during his visit to Europe from August 18-25.
Sharing at working sessions, he emphasized that Thai Binh is implementing many special preferential policies to attract investors to cooperate and do business.
Thai Binh is home to 12 industrial parks, 50 industrial complexes and one economic zone. With a favorable geographical position, Thai Binh is connected with many other economic centers in the Red River Delta region such as the Hanoi – Hai Phong – Quang Ninh triangle. The province also has an abundant labour force with huge potential to develop agriculture, mining, renewable energy, leather shoes, garment and textile, among others.
Meanwhile, Thüringen has long-lasting relations with Thai Binh since the 1950s through agricultural projects and the ties will be enhanced after Vietnam and the EU’s agreements on free trade and investment protection take effect, Dien noted.
Working with Enercon, he said he hoped the corporation would seek investment opportunities in building an equipment production plant and a human resources training centre in the locality, adding several wind power projects have been developed in the province to take advantage of the 54-kilometre coastline.
Enercon and other businesses in Thüringen state expressed their interest in investing in the locality.
Vietnamese Ambassador to Germany Nguyen Minh Vu said the embassy will make efforts to help Thai Binh seek partners and call for German investment in local industrial parks and economic zone.
During his trip to Europe, Dien and his entourage will also study high-tech farming and renewable energy in Switzerland.