New "wave" of investment in Thai Nguyen

Recently, Thai Nguyen has attracted a series of investment projects to build infrastructure for industrial parks and clusters, and secondary investors; creating new momentum and impetus for local socio -economic development.

To date, industrial parks in Thai Nguyen province have attracted 184 foreign direct investment (FDI) projects with a total capital of more than 10.8 billion USD, including the world's leading technology corporations and 141 projects of domestic enterprises (DDI) with a total investment of nearly 27,000 billion VND, creating jobs for about 100,000 workers, creating an annual export value of nearly 30 billion USD. However, by 2021-2022, the room for development has reached its limit because industrial land to attract investment is almost gone.

Faced with that situation, Thai Nguyen urgently implemented the provincial planning for the period 2020-2030, with a vision to 2050; focusing resources on building transport infrastructure, especially large-scale routes connecting to the Hanoi - Thai Nguyen expressway, connecting the Thai Nguyen-Bac Giang-Vinh Phuc region, and the Hanoi Capital Ring Road 5 connecting Thai Nguyen with Bac Giang. At the same time, urgently implement legal procedures and processes, and clear land to attract investment in building urban areas, infrastructure of industrial parks and clusters to create clean land funds and large areas to attract investment in production and business establishments.

Along with the completion of connecting traffic routes, Thai Nguyen province organized the groundbreaking and inauguration of a series of works and projects to promote investment attraction. In particular, granting investment registration certificates to enterprises to build factories producing shaped steel, paper, manufacturing industry... in two industrial clusters Bao Ly - Xuan Phuong and Hanh Phuc - Xuan Phuong; starting the construction of Phu Binh 1, Phu Binh 2 urban areas next to Ring Road 5 with a very large capital.

Mr. Doan Van Tung, Director of Viet Cuong Construction Concrete Company Limited said: “With the support of the province, in a short time we completed the construction of Bao Ly-Xuan Phuong Industrial Cluster Phase 1, immediately after that we attracted four secondary investors with a total capital of nearly 2,500 billion VND and proceeded to allocate land to build the factory. On May 17, two industrial clusters Tan Duc and Luong Phu-Tan Duc in Phu Binh district, next to the Ring Road 5 of the Hanoi Capital region with a total area of 136 hectares, a total investment of 1,600 billion VND, started construction”.

Song Cong II Industrial Park Project - Phase 2, covering an area of 296 hectares with an investment capital of nearly 4,000 billion VND, is urgently constructing infrastructure. It is expected that by the end of this year, about 120 hectares of land will be allocated to secondary investors; Yen Binh 3 Industrial Park, covering an area of 295 hectares with a total investment capital of nearly 4,200 billion VND, has just broken ground; Yen Binh 2 Industrial Park, covering an area of 299 hectares with an investment capital of 3,650 billion VND, has been approved by the province for investment policy and is preparing to build infrastructure.

Deputy Head of the Thai Nguyen Industrial Parks Management Board Nguyen Dinh Viet said: "The industrial parks that are urgently implementing infrastructure construction are all large industrial parks, located in convenient locations for traffic connections. We will prioritize attracting secondary investors with modern, environmentally friendly technology, using less labor and land, creating great added value". In 2025, Thai Nguyen province is expected to attract about 90,000 billion VND of non-budgetary investment capital, of which domestic enterprise capital is 38,200 billion VND, FDI capital is 39,300 billion VND; mainly focusing on investment in industrial parks and clusters. At the groundbreaking ceremony of Song Cong II Industrial Park - Phase 2, the Thai Nguyen Industrial Parks Management Board awarded the Investment Registration Certificate of 100 million USD; The investor of this industrial park is Viglacera Thai Nguyen Joint Stock Company, which awarded a land lease contract to Huali Vietnam Group Limited Company to build a construction materials factory.

Thai Nguyen province is urgently completing administrative procedures to invest in infrastructure for a series of industrial parks and clusters; including Phu Binh Industrial Park and Tay Pho Yen Industrial Park, each with an area of over 600 to 700 hectares. Phu Binh district is urgently clearing land and resettling about 500 households to have land to build infrastructure for nearly 10 industrial parks and clusters. Chairman of Phu Binh district People's Committee Le Thanh Son said: Along with many localities in the area, Thai Nguyen province is in the process of restructuring the apparatus towards streamlining, efficiency, effectiveness and efficiency.

With that spirit, the leaders and staff of Phu Binh district in particular and Thai Nguyen province in general are racing against time to clear the land by the last day of the district's operations in order to soon hand over land to investors to build infrastructure for industrial parks and clusters, creating land funds to attract investment in building factories and production facilities, bringing jobs and stable income to the people.

Vice Chairwoman of Thai Nguyen Provincial People's Committee Nguyen Thi Loan shared that thanks to the reform of administrative procedures, speeding up the progress of site clearance for industrial zones and clusters, and accompanying and creating the most favorable conditions for businesses, there is a "new wave" of investment in infrastructure for industrial zones and clusters, and secondary investors in Thai Nguyen province. This will be the important basis and driving force for the province to develop rapidly and sustainably with double-digit growth in the coming years.

PEACE

Source: https://nhandan.vn/lan-song-moi-dau-tu-vao-thai-nguyen-post885136.html