Maintain growth momentum with quality investment

In the context of the global economy facing many fluctuations, from geopolitical conflicts to supply chain shifts, many regions have witnessed a sharp decline in international investment flows. However, Thai Nguyen still retains significant appeal in the eyes of investors thanks to its advantages of synchronous industrial infrastructure and clear strategic orientation: developing high-tech industry as a pillar.

Up to now, Yen Binh Industrial Park has achieved an occupancy rate of over 90%, playing an important role in attracting investment and developing industry in the area. Photo: Lang Khoa

Proactively connect

Since the beginning of 2025, the Management Board of Industrial Parks (IPs) of Thai Nguyen province has implemented many investment promotion activities, closely coordinating with business associations, investment consulting organizations as well as infrastructure investors. The goal is not only to attract the number of projects, but more importantly, the quality of projects, focusing on the fields of high technology, clean energy, electronic component manufacturing, semiconductor equipment, digital transformation and green development - industries considered the backbone of the future economy .

Not only limited to the province, investment opportunity introduction activities are also expanded to many neighboring localities such as Hanoi , Phu Tho... helping to connect business networks and spread the potential of Thai Nguyen to many domestic and foreign partners.

Since the beginning of the year, the province has issued 14 new investment registration certificates, including 9 FDI projects with a total registered capital of nearly 130.3 million USD and 5 DDI projects with a total registered capital of more than 11,152 billion VND.

Electronic components manufacturing at KSD VINA Co., Ltd., a 100% Korean invested enterprise.

Although the number is not too large compared to the scale of the whole country, the good news is that most of the projects focus on key industries, shaping the future development of the province. Notable projects include: Q Technology Project (Vietnam) in Yen Binh Industrial Park with a total investment of 88 million USD, operating in the field of manufacturing optical components, camera modules serving the electronics and telecommunications industry. The project of Lingyi Thai Nguyen Vietnam Co., Ltd. with an investment of 9.8 million USD, aiming at manufacturing electronic and auxiliary components. Tongda Yangfan - a project with an investment of 6 million USD, is also part of the high-tech accessories manufacturing chain.

The emergence and early launch of these projects not only create a strong boost for local industrial growth but also open up opportunities for supply chain linkages, forming a high-tech ecosystem in Thai Nguyen.

In addition to attracting new projects, the adjustment and support of existing projects are also carried out flexibly and effectively. In the first 6 months of the year, the Industrial Park Management Board has issued adjusted investment registration certificates for 48 projects, including 46 FDI projects and 2 DDI projects.

Notably, there were 18 adjustments to increase total investment capital (16 FDI projects increased total registered capital by 139.571 million USD; 2 DDI projects increased total registered investment capital by 88 billion VND), 30 adjustments to update information on investors, economic organizations implementing the project, implementation progress, the rest were adjustments to progress or updates to enterprise information.

These figures show that not only new investors are interested in Thai Nguyen, but existing investors also continue to trust and choose to expand production. This is a positive signal that the local investment environment is stable and attractive in the long term.

Continue to complete the planning

Yen Binh Industrial Park has an occupancy rate of over 90%, playing an important role in attracting investment and developing the local economy. Photo: TL

In recent times, the management and completion of planning for industrial parks have been implemented synchronously and methodically, which is one of the key factors contributing to improving the capacity to receive investment in the province.

In the first 6 months of 2025, the Provincial Industrial Park Management Board coordinated with the Department of Construction to complete the general planning project for the construction of Tay Pho Yen Industrial - Urban - Service Park until 2045. At the same time, it submitted for appraisal and approval the adjustment of the detailed planning at a scale of 1/500 of Tan Tien Resettlement Area to serve the site clearance work for Song Cong II Industrial Park.

The work of setting up boundary markers and handing over zoning plans has been carried out in many key projects such as Yen Binh 2 Industrial Park, Yen Binh 3 Industrial Park and Thuong Dinh Industrial Park. In addition, the Management Board also prepared a project to adjust the zoning plan for Thanh Binh Industrial Park Phase II, approved by the People's Committee of Bac Kan province in Decision No. 1228/QD-UBND dated June 12, 2025.

For Cho Moi Industrial Parks, the progress of planning and adjustment continues to be accelerated: Cho Moi Industrial Park 1 has been submitted to the Provincial People's Committee for approval to adjust the contractor selection plan, expected to be completed in June 2025; Cho Moi Industrial Park 2 and 3 have completed planning task approval and are implementing the next steps; Cho Moi Industrial Park 4 is in the process of planning.

The drastic and methodical steps in planning not only contribute to perfecting the legal infrastructure but also create an important premise to attract investors to Thai Nguyen.

Along with infrastructure, administrative procedures and the service attitude of the management agency play an important role in investors' decisions. Understanding that, the Provincial Industrial Park Management Board has promoted administrative reform, deployed online public services, a one-stop mechanism, and regularly organized business dialogue conferences.

Direct working sessions with businesses revolving around issues such as tax support, customs, human resource recruitment, environmental treatment, etc. have helped to promptly resolve many problems, building trust and commitment from investors.

The efforts to attract and retain investors have been clearly reflected in economic figures. In the first 6 months of 2025, enterprises in Thai Nguyen Industrial Park achieved a total revenue of about 16.24 billion USD and nearly 390 billion VND from the domestic market. Export turnover is estimated at more than 14.2 billion USD, contributing about 3,420 billion VND to the State budget.

In particular, more than 9,244 new jobs have been created, contributing to improving social security and improving the quality of life of the people. Not only aiming to be a high-tech industrial center, Thai Nguyen's industrial parks are gradually becoming the locomotive leading the development of services, logistics, human resource training and many other supporting industries.

According to the approved plan, Thai Nguyen province currently has 19 industrial parks with a total area of 6,406 hectares. As of July 10, the whole province has established 12 industrial parks. Of which: 6 industrial parks have come into operation (Song Cong I, Diem Thuy, Nam Pho Yen, Yen Binh, Song Cong II and Thanh Binh 1): The industrial parks have basically invested in essential infrastructure and secondary investors have invested in building production and business factories with very high occupancy rates, such as: Yen Binh, Diem Thuy (Area A), Song Cong 2 phase 1, Thanh Binh 1 with occupancy rates of over 90%.

The formation and expansion of the industrial park system after the merger not only helps optimize land use for industry but also creates effective regional linkages between localities. From there, it is possible to build a synchronous industrial ecosystem, develop sustainably, and increase competitiveness to attract domestic and foreign investment projects.

Besides, with large area and reasonable allocation, industrial parks will contribute significantly to shifting economic structure towards industrialization and modernization, gradually reducing dependence on agriculture, while improving the efficiency of land and resource use.

With a synchronous planning foundation, well-invested industrial infrastructure, administrative reform efforts and accompanying businesses, Thai Nguyen is gradually consolidating its position in the high-tech industrial development strategy of the Northern midland and mountainous region.

In the coming time, maintaining a stable investment environment, improving the quality of human resources and accelerating the progress of key projects will continue to be priority tasks, creating the premise for sustainable development and attracting more strategic investors to the locality.

To do that, the problem is that the locality must maintain the pace of reform, accelerate infrastructure, improve the quality of human resources and continue to build the image of a professional and friendly investment destination.

6 new industrial parks have been approved for investment policy and investors, including: Song Cong II - phase 2; Yen Binh 2; Yen Binh 3; Thuong Dinh; Phu Binh, Thanh Binh - phase II). 5 industrial parks are planning, including: General planning of Tay Pho Yen industrial park - urban - service; construction zoning planning of Cho Industrial Parks 1, 2, 3 and 4. 2 industrial parks have not yet planned, Cho Moi 5 and Bach Thong), the Provincial Industrial Park Management Board is promoting funding to plan according to regulations.

Source: https://baothainguyen.vn/kinh-te/202507/giu-da-tang-truong-bang-chat-luong-dau-tu-68716cd/