PM recommends three pillars for Thai Nguyen's economy

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At a working session with officials of Thai Nguyen province's Party Committee on June 30, the PM said the province has achieved comprehensive development across the fields, from economy, social affairs to national defence-security and external relations. Thai Nguyen is also a bright example in the northern mountainous region in attracting foreign investment. 

PM Nguyen Xuan Phuc speaks at the working session with Thai Nguyen officials. (Photo: VNA)

However, the private sector in the province is small in scale and weak in competitive capacity, PM Phuc said, noting that the province also needs to improve its indices of market participation and enterprise development.

In particular, agro-forestry processing industry is the weak point of Thai Nguyen, as is tourism, despite the great potential of the locality, which is a former revolutionary base with many historical relics along with beautiful landscapes. Thai Nguyen should pay attention to promoting tourism and services in order to fully tap the local advantages and potential, the PM said.

A political and economic centre of the northeastern mountainous and midland region, Thai Nguyen has six large-scale industrial parks with an occupancy rate of 65 percent. In 2017, the province posted an average growth rate of 12.75 percent, nearly double the country's average. Local per capita income reached 68 million VND (2,978.4 USD), higher than the national average. In the first six months of this year, the local economy expanded by 9.85 percent.

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