A bright spot attracting investment.

With the goal of building the province into one of the modern industrial economic centers of the Northern Midlands and Mountains region and the Hanoi Capital Region by 2030, in recent years, Thai Nguyen province has maximized its existing advantages, made strong efforts to reform the investment environment, and synchronized transportation infrastructure and industrial park infrastructure. Through this approach, Thai Nguyen has become a bright spot attracting FDI and DDI enterprises to invest and expand production and business.

Delegates performed the groundbreaking ceremony for the DBG Technology (Vietnam) Company Limited project, invested by DBG Electronics Investment Limited (Hong Kong), in Yen Binh Industrial Park, with a total registered capital of 80 million USD.

Synchronizing infrastructure

The development of concentrated industrial zones and clusters in the province over the past years has been linked to the development of a synchronized infrastructure system and a modern urban system. The focus has been on developing the infrastructure of industrial zones and clusters in the southern part of the province (Song Cong City, Pho Yen City, and Phu Binh District). The province has implemented numerous solutions to attract investment in the development of transportation infrastructure and industrial zones, linking them with the development of the Hanoi Capital Region.

Industrial parks in the province are located along the Hanoi-Thai Nguyen expressway and other key national routes, adjacent to large industrial parks in Vinh Phuc, Bac Giang, Bac Ninh provinces and Hanoi, facilitating goods transportation and providing convenient access and logistics for investors.

In addition to the general mechanisms and policies of the Central Government and the province in the field of investment attraction, according to Mr. Nguyen Tien Dung, Head of the Investment Management Department (Provincial Industrial Parks Management Board): The Board's leadership always accompanies and listens to the opinions of investors and proactively contacts and resolves the requests, difficulties, and obstacles of businesses operating in the industrial parks. In particular, the Provincial Industrial Parks Management Board always provides legal support to businesses. Periodically at the beginning of each year, the Board organizes direct seminars with businesses operating in the industrial parks, promptly identifying their difficulties and obstacles in order to find solutions.

In addition, the Provincial Industrial Parks Management Board has focused on improving the efficiency of handling administrative procedures, implementing them seriously, effectively, and in accordance with regulations in this field. 100% of organizations and individuals who come to the Management Board to handle administrative procedures receive specific guidance and have their applications processed before the stipulated time for those with complete documentation.

In implementing the Thai Nguyen Provincial Planning for the period 2021-2030, with a vision to 2050, regarding the planning and development of industrial zones and clusters, the province will develop and expand 11 industrial zones with a total area of ​​approximately 4,045 hectares, including 7 approved industrial zones and 4 newly added industrial zones. If the Yen Binh Information Technology Park (200 hectares) is included, the total area of ​​industrial zones in the province is 4,245 hectares.

Currently, the Provincial Industrial Parks Management Board is continuing to advise the province on developing a plan to implement tasks and solutions focusing on the preparation and approval of the 1/2,000 scale zoning plan for Song Cong 2 Industrial Park - Phase 2; the general planning project for the construction of Phu Binh Industrial Park - urban area - service area; and conducting consultations with the community and relevant departments, agencies, and localities on the zoning plan for Thuong Dinh Industrial Park, Yen Binh 2 Industrial Park, and Yen Binh 3 Industrial Park; the general planning for Tay Pho Yen Industrial Park - urban area - service area; and reporting to the Provincial People's Committee for approval of the principle of adjusting the detailed planning for Diem Thuy Industrial Park - Zone A.

Thai Nguyen has the advantage of being the third largest education and training center in the country, with an abundant supply of high-quality labor to meet the needs of businesses.

A fertile land rewards the efforts of those who care for it.

Despite the challenging economic and business environment nationwide, Thai Nguyen province's industrial production value in the first nine months of 2023 is estimated at 694.8 trillion VND, an increase of 3.68% compared to the same period last year. Of this, the foreign direct investment (FDI) sector accounted for 643.8 trillion VND, an increase of nearly 4% compared to the same period.

Particularly in the first nine months of 2023, the province saw the approval of 27 new FDI projects with a total registered capital of US$171.1 million, and 10 projects increasing their registered capital with a total of US$19.53 million. Notable examples include: Hengxin Vietnam New Materials Technology Plant (investment capital of US$9.8 million); Messer Hai Phong - Thai Nguyen 3 Industrial Gas Production Plant (investment capital of nearly US$9.9 million)...

As of September 14, 2023, industrial parks in the province had a total of 283 projects with valid investment registration certificates, including 156 FDI projects with a total registered capital of over US$10.68 billion and 127 DDI projects with a total registered capital of over VND 16,284 billion. Compared to the same period last year, the cumulative total number of projects with valid investment registration certificates increased by 16 projects (a 6% increase).

To achieve these results, along with the province's macroeconomic policies on investment incentives, the Provincial Industrial Parks Management Board has proactively connected, contacted, and worked with potential investors and large corporations to explore the investment and business environment in the province's industrial parks; attracting and encouraging diverse investment projects in many fields. In particular, it focuses on attracting FDI projects in high-tech, green, clean, and environmentally friendly industries; efficiently utilizing resources, land, and labor. Priority is given to developing Industry 4.0 industries and those with competitive advantages...

By implementing a comprehensive set of solutions in investment promotion and attraction, and improving the business environment in industrial parks, Thai Nguyen province has been creating leverage to continue being a growth pole in attracting investment nationwide.

Source: https://baothainguyen.vn/kinh-te/dau-tu/202310/diem-sangthu-hut-dau-tu-0070081/