Song Cong creates breakthrough in attracting investment

With the active support of the local authorities in land clearance, the Song Cong II Industrial Park infrastructure construction and operation investment project - phase 2 is being implemented smoothly and on schedule.

To encourage investors to choose Song Cong City as their "destination," the city regularly coordinates with relevant provincial departments and agencies to effectively implement mechanisms and policies to attract investment.

In addition, the City People's Committee directed specialized departments and agencies to effectively implement the investment attraction program in all fields, publicly disclose investment projects on the provincial and city's electronic information portals; and regularly review, adjust, and supplement the planning of projects to ensure they are consistent with the city's overall development orientation…

Recognizing that land clearance is a difficult and complex task, as it involves the interests of the people, the People's Committee of Song Cong City has directed specialized departments and divisions to provide maximum support to investors in the land clearance phase for project implementation.

Mr. Nguyen The Anh, Director of the City's Land Development Center, said: "We actively coordinate with investors and the People's Committees of communes and wards with projects to promote propaganda and mobilize people to comply well with policies on compensation for land clearance and resettlement support; declare, count, and recover land and assets on the land to serve land clearance work; determine the origin of the land, promptly report on difficulties in this work and advise the City People's Committee to resolutely recover land from cases that deliberately do not comply with the State's land recovery decisions..."

The leaders of Song Cong city inspected the progress of the Urban Area No. 1 Project, Le Hong Phong Street.

Over the past five years, Song Cong City has reclaimed over 459 hectares of land for project implementation, with a total approved compensation and support amount for people in the project area exceeding 2,775 billion VND.

Administrative reform is also a priority for Song Cong City, with decisive direction and implementation, focusing on the satisfaction of citizens and businesses as the central goal.

Accordingly, administrative procedures are publicly and fully listed to serve organizations and individuals at the one-stop service centers of communes, wards, and units; the process of resolving administrative procedures is carried out strictly and in accordance with regulations. In particular, the field of digital transformation and the application of information technology are strongly implemented in state management and support for businesses in all sectors.

Ms. Cu Thi Thu Hong, Deputy Head of the Song Cong - Dai Tu Regional Tax Department, informed: The tax sector is promoting reform, modernization, and innovation in management mechanisms towards cooperation and partnership with people and businesses. Focus is placed on deploying information technology in tax declaration, collection, and payment. To date, 100% of businesses are using electronic tax declaration, payment, refund, and tax registration; 100% of businesses and individuals operating in the area are using electronic invoices...

The industrial and construction sector in Song Cong City is growing at a rate of 17% per year. (In the photo: Production of high-voltage electrical wires for automobiles at Hansol Harness Vina Co., Ltd. Photo: Provided)

Thanks to synchronized and effective solutions, investment attraction and industrial development in Song Cong City continue to flourish. Accordingly, Song Cong II Industrial Park has been expanded to over 296 hectares, attracting the investment project for the construction and operation of industrial park infrastructure - phase 2, with a total investment of nearly 4,000 billion VND, invested by Viglacera Thai Nguyen Joint Stock Company. Three new industrial clusters have also been established in the city, with a total area of over 102 hectares and a total investment of over 1,000 billion VND.

Over the past five years, Song Cong City has attracted 137 projects, with a total investment capital of nearly US$1.4 billion and VND 14,286 billion, contributing to increasing the occupancy rate of industrial zones and clusters in the area.

Specifically, Song Cong Industrial Park I, covering an area of 196.88 hectares, currently attracts 26 FDI projects with a total registered investment capital of over 86 million USD and 74 DDI projects with a total registered investment capital of 7,386 billion VND; Song Cong Industrial Park II, covering an area of 546.24 hectares, currently attracts 20 FDI projects with a total registered investment capital of over 1.3 billion USD and 17 DDI projects with a total registered investment capital of 6,900 billion VND...

Mr. Nguyen Tran Tuan Nghia, Chairman of the Board of Directors of Viglacera Thai Nguyen Joint Stock Company, expressed: "I and many other investors are very satisfied with our investments in Thai Nguyen. In particular, during the implementation of our project in Song Cong City, the local government has always been supportive, resolving difficulties and obstacles in land clearance, making the project's implementation very smooth."

It is evident that, with various investment attraction strategies, Song Cong City has been building trust and satisfaction among businesses in implementing projects. In fact, the amount of investment attracted to the area has increased rapidly every year. The efficient production activities of businesses have led to a 17% annual growth rate for the local industry and construction sector. Song Cong City is considered one of the bright spots in attracting investment in Thai Nguyen province.

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