'Launchpad' to boost investment and development

Thai Nguyen is clearly defining its position on the investment attraction map with a proactive, focused, and consistent approach. In the photo: Yen Binh Industrial Park is strongly attracting investment capital, contributing to promoting economic development and creating momentum for growth in the province.

Infrastructure and administrative reform

Thai Nguyen's stable investment and business environment is affirmed by the effective deployment of investment capital. From January 1, 2021 to the end of February 2026, the province had 505 projects using non-budgetary capital that remained in effect. This figure demonstrates investors' enduring confidence in an increasingly transparent business environment, even amidst economic fluctuations.

Industrial parks in the province continue to play a leading role in attracting investment with 150 active projects, including 65 domestic projects with a total capital of nearly VND 38,883 billion and 85 FDI projects with a total registered capital of over USD 1.479 billion. The majority of projects have been completed, are operational, or are progressing on schedule; the number of projects behind schedule is very small, affirming the ability to manage capital flows according to planning guidelines.

In addition to industrial parks, capital flows continue to spread with 338 domestic projects totaling over 129,737 billion VND, along with 17 FDI projects totaling over 83 million USD. At the Thai Nguyen Province Investment Promotion Conference in 2026, 31 projects with a total registered capital of 4.39 billion USD were granted investment decisions. Among them, TNG Land Joint Stock Company was assigned as the investor for the TNG Viet Bac social housing project, with a total capital of over 1,230 billion VND, equivalent to 47.34 million USD.

The increasingly improved investment and business environment has helped Thai Nguyen attract many businesses in the processing and manufacturing industries to invest in the area. Photo: TL

Mr. Nguyen Van Thoi, Chairman of the Board of Directors of TNG Land Joint Stock Company, said: "The province's investment promotion efforts have yielded many positive results. The company is currently implementing a social housing project, scheduled to commence in early 2026, consisting of two buildings of 20 to 22 floors with 1,029 apartments, expected to be completed after 24 months."

At the same time, the unit continues to develop Phu Binh 1 Industrial Park, with the investment policy expected to be submitted for approval in April 2026, and land clearance completed and secondary investors attracted in 2026.

One of the key factors helping Thai Nguyen maintain its attractiveness is its comprehensive infrastructure development strategy. Large industrial parks such as Phu Binh, Yen Binh 2, and Yen Binh 3 are being developed rapidly, creating a ready supply of clean land to welcome new projects.

Simultaneously, the industrial cluster system continues to expand. To date, the province has established and selected investors for 29 industrial clusters with a total area of over 1,240 hectares and a total registered capital of approximately 13,160 billion VND. Of these, 4 clusters are already operational, and 19 clusters are being implemented according to schedule.

Notably, selecting infrastructure investors through public bidding and auction contributes to increased transparency, creates a healthy competitive environment, and ensures efficient use of land resources. To date, 93 projects have received investment approval under this method, with a total registered capital of over 67,300 billion VND.

If infrastructure is the foundation, then administrative reform plays a crucial role in unlocking capital flows. Thai Nguyen has implemented a "green channel" mechanism, allowing the issuance of investment registration certificates within 24 hours of receiving a valid application. This approach helps shorten processing time, reduce costs, and build investor confidence.

Recently, at the MayPlaza Hotel, the People's Committee of Thai Nguyen province organized the "Morning Tea with Businesspeople" program, contributing to boosting investment attraction in the province. In the photo: Comrade Vuong Quoc Tuan, Chairman of the Provincial People's Committee, speaks at the program. Photo: Provided.

At numerous conferences and working sessions, Comrade Vuong Quoc Tuan, Member of the Central Committee of the Party, Deputy Secretary of the Provincial Party Committee, and Chairman of the Provincial People's Committee, emphasized that Thai Nguyen will continue to improve the investment environment, support businesses, publicly disclose the list of projects, and closely monitor the investor selection process. Departments and agencies are required to process applications simultaneously, streamline procedures, and shorten implementation times to enhance the efficiency of mobilizing and utilizing private capital in accordance with the plan.

Furthermore, the improvement in PCI and DDCI indicators demonstrates efforts to enhance the quality of governance at all levels. Thai Nguyen is shifting from attracting investment through incentives to attracting investment through quality service, in line with the requirements of sustainable development.

Attracting investment in Thai Nguyen province by February 2026:

505 off-budget projects remain in effect.
Industrial parks: 150 projects (65 domestic with a total investment of VND 38,883 billion, 85 FDI projects with a capital of USD 1.479 billion).
Outside the industrial zone: 338 domestic projects (approximately VND 129,737 billion), 17 FDI projects (over USD 83 million).
In early 2026, 31 projects were granted investment decisions, with a total capital of $4.39 billion.

Planning guides and expands the development space.

Thai Nguyen has been implementing a comprehensive set of pillars in planning, reform, and integration to expand its development space and enhance investment attraction. The provincial planning for the period 2021-2030, with a vision to 2050, plays a guiding role in spatial development and is organized into 3 regions and 5 economic corridors.

Accordingly, 37 industrial parks with an area of 13,955 hectares and 74 industrial clusters with an area of 4,069 hectares are planned, mainly concentrated in the South, an area with strong potential for absorbing and spreading capital.

Industrial parks in the province continue to play a leading role in attracting investment with 150 active projects, including 65 domestic projects with a total capital of nearly 38,883 billion VND and 85 FDI projects with a total registered capital of over 1.479 billion USD.

Mr. Pham Quang Anh, Director of the Department of Construction, emphasized: The entire planning system in the province has been completed, digitized, and made public. The province is currently implementing four major urban planning projects, including the provincial administrative center, the North-South sub-region, and the Phu Binh new urban area, expected to be completed before June 30, 2026.

Simultaneously, 10 urban areas and 92 communes and wards are being planned comprehensively, linked to the development of industrial parks and social housing projects. Many important expressways and 6 logistics zones are also being developed near industrial parks.

In 2026, Thai Nguyen province aims to achieve an 11% growth rate, with a minimum 25% increase in budget revenue, totaling approximately 68,000 billion VND, of which 15% comes from the state budget and 85% from businesses and social investment. This demonstrates the decisive role of the private sector and the need to continue improving the investment environment towards transparency and openness.

Mr. Nguyen Minh Hai, Vice Chairman of Taseco Real Estate Investment Joint Stock Company, informed: The company is researching investment in several urban and industrial zones in the province, and highly appreciates the timely support of departments and agencies during the survey and project planning process.

At the same time, businesses proposed that the province strengthen the training of high-quality human resources, especially for industrial parks and high-tech sectors, in order to improve the efficiency and sustainability of investment.

Delegates attending the Thai Nguyen Province Investment Promotion Conference 2026. Photo: Provided.

Alongside expanding development space, the province focuses on enhancing integration by improving the component indicators of the FTA Index, supporting businesses to effectively utilize new generation free trade agreements such as CPTPP, EVFTA, UKVFTA, etc.

The province also organizes intensive training programs on rules of origin, tariff reductions, trade defense, intellectual property, SPS standards, and TBT; and strengthens connections between businesses and FDI partners and key export markets.

When businesses meet international standards, their development space expands both geographically and in market depth, linked to global supply chains. The combination of dialogue, reform, planning, and integration is forming a continuous development cycle, helping Thai Nguyen proactively direct capital flows into high value-added sectors, aiming for long-term sustainable development.

Planning and infrastructure in Thai Nguyen province:

37 industrial parks (13,955 ha), 74 industrial clusters (4,069 ha).
29 industrial clusters are currently under development (1,240 hectares, 13,160 billion VND).
6 logistics zones located near highways and industrial parks.
4 major urban planning projects, 10 urban areas, and 92 communes and wards.

Source: https://baothainguyen.vn/kinh-te/dau-tu/202603/be-phong-thuc-day-dau-tu-va-phat-trien-1593a25/