Hung Yen approves new investment projects

On the morning of December 23, northern Hung Yen province presented investment certificates to a number of large investment projects with total capital of $6 billion and reached agreements with investors and partners in deals totaling $11.5 billion, in the presence of Prime Minister Pham Minh Chinh.

Five projects were approved by the Prime Minister with total registered capital of $3.3 billion, including three in construction and infrastructure at industrial parks and two urban area projects.

The Hung Yen Provincial People’s Committee gave investment approval to four projects with total capital of $300 million. The largest is Vinamilk’s Hung Yen Dairy Plant, producing 1,200 tons of products a day on 24.4 ha and with investment capital of VND4.6 trillion ($197 million).

The Prime Minister also witnessed the signing ceremony of MoUs between the People’s Committee and a number of foreign investors on researching and surveying investment projects.

Speaking at the ceremony, Prime Minister Chinh praised Hung Yen province for quickly cementing the Resolution from the 13th Party Congress on improving the business and investment environment, administrative reform, and investment attraction.

He also asked leaders of Hung Yen to create a favorable environment for investors in terms of administrative procedures, project implementation, infrastructure, human resources, and so on.

The Prime Minister suggested that investors seriously implement their commitments in Hung Yen province in particular and Vietnam in general.

He assigned central ministries and agencies to propose amendments to legal documents to minimize administrative procedures, remove barriers and obstacles, and continue to improve the investment environment.