A bright spot attracting investment and exports.

In this new phase of development, Thai Nguyen province aims for double-digit growth and to become a modern industrial center with a high-middle income level by 2030.

Perspective view of Phu Binh Industrial Park, Thai Nguyen . (Photo: The Binh)

The main solution that the locality is aggressively implementing is attracting investment and boosting exports, with a focus on attracting investment in modern, environmentally friendly technologies to create a foundation for rapid and sustainable development.

Despite the volatile global situation, in the first four months of this year, Thai Nguyen province attracted over US$7.75 billion in foreign direct investment (FDI), equivalent to 60% of the total for previous years combined; at the same time, exports reached over US$12 billion, becoming a bright spot in investment attraction and exports.

Create new opportunities

Thai Nguyen's advantageous geographical location, adjacent to the capital Hanoi , bordering the industrially developed provinces of Bac Ninh and Phu Tho, near airports and seaports, and being the third-largest center for high-quality human resource training in the country, are favorable factors for attracting investment. Furthermore, the province has been investing in the construction and upgrading of many large-scale internal and inter-provincial/inter-regional roads, not only enhancing transportation connectivity but also creating new development opportunities.

When the southern regional roads of the province, namely the Bac Ninh-Thai Nguyen-Phu Tho regional road and the Hanoi Capital Region's Ring Road 5 connecting to the Hanoi-Thai Nguyen expressway through industrial zones and clusters in the south and Bac Ninh province, were built and put into use, it truly opened up new development opportunities for Thai Nguyen province.

According to Nguyen The Hoan, Head of the Provincial Industrial Parks Management Board: “To create room for attracting investment, in addition to highly connected transportation routes, Thai Nguyen has planned 37 industrial parks and one information technology industrial park with a total area of ​​nearly 14,000 hectares. Currently, six industrial parks are under infrastructure construction with an area of ​​over 2,000 hectares to create clean land for attracting investment. By June 30th, detailed planning for 16 more industrial parks will be approved, creating a basis for approving investment policies and selecting investors to build infrastructure.”

Drawing on practical experience, in recent times, Thai Nguyen province has selected investors with experience, financial strength, and reputation, resulting in the rapid and high-quality construction of industrial park infrastructure.

For example, the Song Cong II Industrial Park, Phase 2, covers nearly 300 hectares with an investment of nearly 4,000 billion VND, developed by Viracera Thai Nguyen Joint Stock Company. One year after its commencement, it has created 120 hectares of cleared land with complete infrastructure and has so far attracted 350 million USD from secondary investors with modern technology.

By the end of 2026, this industrial park is expected to complete its infrastructure construction to create land for attracting investment. Yen Binh II Industrial Park has a total area of ​​299 hectares and a total investment of 3,650 billion VND. Although currently under infrastructure construction, it has already attracted billions of USD in FDI.

Mr. Nguyen Trung Kien, Deputy General Director of Yen Binh Investment and Development Company, the investor of Yen Binh II Industrial Park, said that in June 2026, they will hand over cleared land to secondary investors to build factories.

Along with creating opportunities to attract investment, Comrade Vuong Quoc Tuan, Member of the Central Committee of the Party, Deputy Secretary of the Provincial Party Committee, and Chairman of the People's Committee of Thai Nguyen Province, pledged: "The province will continue to improve the investment environment, creating the most favorable conditions for the business community to invest in the province. Because attracting investment is the main driving force for local socio-economic development."

In recent times, Thai Nguyen has been aggressively reforming its administrative procedures through the "24-hour green channel" and "60% green channel" mechanisms to reduce the time and compliance costs for businesses, creating favorable conditions for investors. For example, in the first quarter of 2026, all administrative documents were processed correctly and ahead of schedule.

According to Mr. Nguyen Van Thoi, Chairman of the Provincial Business Association, in recent times, the governance methods of Thai Nguyen province have fundamentally changed, shifting strongly from management to service, creating a favorable environment for development. Specifically, instead of leaving businesses to fend for themselves, functional agencies at all levels have partnered with businesses in resolving administrative procedures, land clearance, and land issues.

The Management Board of Thai Nguyen Industrial Parks has provided practical support to investors, such as assistance with administrative procedures related to land, construction permits, investment, labor, and connecting businesses with relevant departments and agencies, making investors feel a genuine sense of partnership.

According to Nguyen The Hoan, Head of the Provincial Industrial Parks Management Board, from the beginning of the year to May 15th, Thai Nguyen province's industrial parks attracted over US$7.75 billion in FDI capital, the highest in the country. It is projected that by the end of the second quarter of 2026, approximately US$8 billion will be attracted, bringing the total FDI investment in industrial parks in the province to over US$18.7 billion. In addition, the province is resolutely directing departments, agencies, and localities to create the most favorable conditions for investors to accelerate the disbursement of this capital, bringing factories into production and business as soon as possible to create more jobs and export goods.

Boosting exports

Amidst geopolitical instability, especially conflicts in the Middle East, Thai Nguyen has not only proactively attracted FDI investment and connected production supply chains, but has also adapted, consolidated, and expanded export markets to the US, Europe, South Korea, Japan, and the Middle East, resulting in impressive export figures for the province.

That is, in the first four months of 2026, the province's goods exports reached 12.2 billion USD, an increase of over 19% compared to the same period, with a trade surplus of 4.3 billion USD. In particular, goods produced using modern technology such as mobile phones, tablets, and electronic products accounted for a large proportion and showed continuous growth for many years.

In addition, imports of machinery, equipment, components, and raw materials for export production increased by 18.6% in the past four months compared to the same period last year. This shows that local authorities and the business community are making efforts to increase production and expand export markets.

As one of the export garment manufacturing centers with approximately 40,000 workers, despite fluctuations in gasoline and oil prices affecting transportation and supply chains, garment businesses in Thai Nguyen have proactively worked with suppliers of materials, raw materials, and transportation companies to meet the increased demand for production and export.

Therefore, in the first four months of this year, Thai Nguyen's garment export value reached 178 million USD, an increase of nearly 13% compared to the same period last year, stabilizing employment and the lives of workers. To date, many businesses have orders until the end of the year, such as TNG Investment and Trading Joint Stock Company, the largest garment enterprise in the area with nearly 20,000 workers, which has long-term orders and aims for a growth rate of over 10% in 2026, with revenue reaching 9,500 billion VND and after-tax profit of 450 billion VND.

This shows that the export market is recovering, and businesses are able to leverage trade agreements and adapt to global trade fluctuations, enabling the province to aim for $33.5 billion in exports this year.

Thai Nguyen is also accelerating the construction of approximately 60,000 social housing units, not only addressing social welfare issues but also contributing to supplementing a large workforce for the industrial sector, the main export production force, and contributing to attracting investment and sustainable development in the coming years.

THE BINH-TUAN SON

Source: https://nhandan.vn/diem-sang-thu-hut-dau-tu-xuat-khau-post964909.html