Thai Hoa town promotes investment attraction

(Baonghean) - The young town of Thai Hoa is identified as a type III urban area under the province, the economic, cultural, commercial and service center of the Northwest region of Nghe An; one of the key development areas of the Nam Thanh and Bac Nghe regions. The town is promoting investment in infrastructure improvement and administrative reform in the direction of creating maximum favorable conditions for investors.

Improve investment environment

Thai Hoa town is located in the Northwest of Nghe An province, 90 km west of Vinh city, originally separated from Nghia Dan district. With the attention and investment from all levels and sectors, the infrastructure of Thai Hoa town is quite spacious and bustling.

Coming to the town today, you can feel the extremely convenient, synchronous and open traffic system. From the Gao intersection, follow National Highway 48 to the town center, new high-rise buildings are springing up like a city. The intersections and crossroads are bustling with shops and stores, Hieu market is bustling with buying and selling, the goods are diverse and eye-catching, satisfying the shopping needs of people in neighboring districts and the whole Thanh Hoa province.

In the midlands of Dong Hieu and Nghia My, on the red basalt soil are rich, green fruit trees such as coffee, elephant grass, oranges, lemons, grapefruits...

Basalt soil in Thai Hoa town has large reserves, suitable for industrial crops. The town also has sources of construction sand, gravel and placer gold where the Hieu River flows through... The gently sloping land is suitable for industrial development, farms, and ranches...

A corner of Thai Hoa town.

After nearly 8 years of establishment, the town has completed the lighting system, invested in the traffic system, sidewalks, named streets, invested in water supply and drainage, and well implemented the town development plan. The urban space is expanded to the Southeast, linked with new residential areas, vertical and horizontal axes, creating a majestic urban area. The town's appearance has improved with projects such as Bau Sen park, embankments on the West and East banks of Hieu River, 3/2 Street, and National Highway 1A connection road...

The town has upgraded and expanded provincial road 545 through Thai Hoa town, and TL 545 road to the center of Tay Hieu commune. The rural traffic system to the communes has been concreted, offices, cultural houses, and commune health stations have been invested in and upgraded, improving the quality of life of the people.

The town is continuing to implement the following projects: Drainage and wastewater treatment system project; N8 crossroad (phase 1); main road; D2 longitudinal road; road to the center of Nghia Hoa commune; thoroughly treating environmental pollution from domestic waste dumps; weak works, dams, schools, medical stations. Commencement of repair and upgrade of Lang Vac road, Pham Dinh Toai road, N8 crossroad...

Stone processing factory of Nam Trung Joint Stock Company in Nghia My industrial park

In recent years, with the efforts of Party committees at all levels, authorities, people and enterprises, the investment and business environment, investment attraction and business development results have developed. Technical infrastructure and urban social infrastructure in Thai Hoa town have gradually taken shape.

With efforts, the town has attracted about 30 investment projects, many of which have been implemented, bringing economic efficiency and contributing to the town's total budget revenue, creating jobs for workers such as Vinamilk Company, Hi-Tex Korea Garment Factory, Nam Trung Nghe An Joint Stock Company, wood handicraft enterprises, Phuc Hoa Company Limited... In the area, there are currently 243 enterprises and economic organizations operating, most of which are small and medium-sized enterprises, contributing nearly 30 billion VND to the annual budget.

Continue strong attraction solutions

Identifying the importance of attracting investment and developing enterprises is decisive for the socio-economic development of the town. The town is prioritizing attracting investment capital into areas with strengths that are consistent with the town's development orientation. Some goals are set as follows: In the period of 2016 - 2020, ensuring an annual economic growth rate of 11.5 - 12.5%, average income per capita by 2020 reaching 70 - 72 million VND/year. State budget revenue in 2020 reached over 230 billion VND.

Total investment capital attracted in the 2016 - 2020 period reached about 12,000 billion VND, of which non-state budget investment capital including enterprise capital, residents and foreign direct investment capital reached about 10,000 - 11,000 billion VND.

HI-TEX Korean garment factory is investing in construction in Thai Hoa town.

The town continues to improve and upgrade its infrastructure more strongly. Build a bypass route from National Highway 48 through Thai Hoa town to the South, complete the upgrade of National Highway 48E through the town, complete the main road and build Hieu 2 bridge. Repair and upgrade the existing Hieu bridge. Complete the inner-city traffic routes, invest in and expand the water supply system of Thai Hoa town to a capacity of 8,000 m3/day and night and complete the drainage and wastewater treatment system project, put it into operation by the end of 2016 and request sponsors to continue investing in phase 2 of the project.

Develop infrastructure of urban areas, expand urban space in the central area of ​​the town to the South. Invest in building relic sites in the area, focusing on building the Lang Vac Archaeological Site, the Memorial Site of Uncle Ho visiting Dong Hieu Farm, infrastructure of Bau Sen Forest Park. Continue to complete the infrastructure of Nghia My Industrial Cluster, supplement the planning of Nghia My 2 Industrial Cluster, complete the planning, invest in building infrastructure of Tay Hieu Industrial Cluster. Focus on developing trade, banking credit, education and training, healthcare, hotels, culture, sports, tourism and science and technology and preserving cultural and historical values ​​for tourism development.

Regarding industry, priority is given to attracting the development of processing industry (coffee, rubber, vegetable oil, animal feed), tool manufacturing and fertilizer production for agriculture, new construction materials production, and garment export. Agriculture focuses on high-tech agriculture (growing grass, feed plants for cattle and dairy cows; growing: vegetables, tubers, fruits, flowers, fruit trees and other high-quality agricultural products).

According to Mr. Hoang Phu Hien - Chairman of Thai Hoa Town People's Committee: In the work of attracting investment, in addition to issuing resolutions on attracting investment in the town, we have done a good job of planning and planning management. Continuing administrative reform, improving the investment environment, advising and implementing effective investment attraction policies and mechanisms. Seriously implementing Resolution 19/2016/NQ-CP dated April 28, 2016 of the Government on key solutions to improve the investment and business environment, enhance national competitiveness, Decree 35/CP on removing difficulties for enterprises.

The town is studying the establishment of a Town Enterprise Support Fund using socialized capital and the town budget to increase support for small and medium enterprises, innovative enterprises and enterprises with high growth potential. Encourage individual business households to convert and register their operations under the Enterprise Law. In addition, strengthen the activities of the Steering Committee for improving the investment and business environment of the town to act as a focal point to resolve difficulties and obstacles for enterprises and investors in the area.

Chau Lan