Sam Son beach in Thanh Hoa Province
The conference, which is due to be held by the provincial people's committee and the Ministry of Planning and Investment on May 19 in Sam Son City, will be attended by Prime Minister Nguyen Xuan Phuc, high-level government leaders, and representatives of international organisations, local and foreign companies with presence of approximately 1,200 delegates.The conference will focus on the introduction of the province's master plan, the province’s investment potentials, advantages and opportunities, key projects prioritised for investment attraction and related incentive policies. It will also provide the opportunity for local and international business to link up in the province.
Five key areas will be introduced to call for investment including processing industry, agriculture, tourism, healthcare, and infrastructure and urban development.
The organisers will announce a list of 50 projects in different fields including environment, energy, industry, agriculture and tourism valued at over USD 5 billion by 2020. The smallest project of which needs USD10 million, the organiser said.
Vice people’s committee chairwoman Le Thi Thin, said that they have required directors of all departments to attend the conference to discuss the feasibility of the projects in their fields.
"I think administrative procedures and site clearance are still among the top concerns for investors," Thin said. "We’re committed to trying to solve these problems so as to provide the best conditions for investors."
Thanh Hoa is the third largest province in Vietnam in terms of population with nearly four million people.
The province is now home to two cities, Thanh Hoa and Sam Son, one town, and 24 districts.
Thanh Hoa City is expected to be one of 12 key national tourism cities according to the national tourism development master plan through 2020 and with a vision towards 2030.
Foreign investors, including Japan, South Korea, Taiwan, and Singapore, have injected USD12.7 billion into 60 local projects on heavy industry, oil refinery, coal power and textiles as of May last year.