Investment attraction through FDI flow

Identifying industry as the economic pillar, Thai Nguyen has implemented many solutions to attract foreign direct investment (FDI). Thanks to its favorable geographical location, modern transport infrastructure and synchronously planned industrial zones, along with an open investment mechanism, the province has continuously been among the leading groups in the country in attracting FDI capital.

KD Heat Technology Thai Nguyen Co., Ltd. (Diem Thuy Industrial Park) specializes in metal processing and heat treatment.

Synchronous planning, welcoming big investors

With the goal of becoming a modern and smart industrial economic center, Thai Nguyen has focused on implementing the provincial planning for the 2021-2030 period, with a vision to 2050.

In 2020, the Prime Minister approved 6 industrial parks (IPs) with a total area of ​​1,420 hectares. During the term, in order to expand the space for attracting investment, especially FDI projects, the province submitted and was approved to increase the total number of IPs to 19, with an area of ​​6,406 hectares. This is an important foundation to promote socio-economic development, attract investment, develop industry and create jobs for local workers.

Up to now, Thai Nguyen has 10 established industrial parks, of which 6 are operating stably and 4 are in the stage of constructing technical infrastructure. The technical infrastructure system in the industrial parks has been invested synchronously, ensuring favorable conditions for investors to implement projects.

Mr. Nguyen Van Thoi, Chairman of the Provincial Business Association, said: The formation and expansion of industrial parks helps Thai Nguyen optimize land funds for industrial production, while promoting regional linkages between localities, forming a synchronous industrial ecosystem, sustainable development and enhancing competitiveness in attracting domestic and foreign investment.

Thanks to the connected traffic system, adequate electricity, water and raw material infrastructure and abundant labor resources, large-scale and reasonably distributed industrial zones will contribute to shifting the economic structure towards industrialization and modernization, gradually reducing dependence on agriculture, while improving the efficiency of land and resource use.

Promoting and attracting sustainable FDI

Along with planning and creating clean land funds, Thai Nguyen focuses on promoting and attracting investment in industrial parks. In the context of increasingly fierce competition for FDI capital, favorable geographical location and open investment environment become decisive factors for businesses to choose a locality.

The centralized wastewater treatment plant of Diem Thuy Industrial Park, with a capacity of 3,000m3/day and night, plays an important role in environmental protection.

To promote the effectiveness of this work, the Department of Finance has advised the Provincial People's Committee to annually deploy the Investment Promotion Program and a list of priority projects calling for investment, contributing to promoting the socio-economic development of the province.

Mr. Le Kim Phuc, Director of the Department of Finance, said: Thai Nguyen prioritizes attracting investors from advanced economies such as the United States, Japan, South Korea, China, Russia, India, France and the European Union... both directly and online. In particular, the province focuses on priority areas, projects related to green transformation and digital transformation.

Along with promoting on-site investment, Thai Nguyen province leaders have organized many working delegations abroad to introduce potential, seek cooperation opportunities and promote investment.

Earlier this year, Comrade Trinh Viet Hung, alternate member of the Party Central Committee and Secretary of the Provincial Party Committee, led a working delegation to Australia, focusing on promoting cooperation on green growth and clean energy. In the state of New South Wales, the Provincial Party Secretary shared the province's potential and advantages and emphasized the desire to connect and exchange experiences in the field of green transformation, while affirming that Thai Nguyen will continue to reform its administration and create favorable conditions to attract international investors.

The commitments of the Thai Nguyen Provincial Party Secretary are demonstrated through the province attracting many large-scale industrial projects, including many FDI projects.

Mr. Song Jun Ho, General Director of RFTech Thai Nguyen Co., Ltd., said: After 15 years of operation in Diem Thuy Industrial Park, thanks to the attention and support of the provincial government, the company has maintained stable production, sustainable revenue growth and created jobs for nearly 3,000 workers. About 85% of the company's products are supplied to Samsung, the remaining 15% to other customers. The company always completes and exceeds the planned goals.

Mr. Kaoru Ogane, General Director of Mani Hanoi Co., Ltd., one of the first FDI investors in Thai Nguyen, commented: The big difference that creates trust for businesses is the real and consistent support of the provincial leaders. Incentive policies are implemented to the maximum within the legal framework, along with a separate support mechanism for priority projects, demonstrating the spirit of "saying goes hand in hand with doing" and commitment to act for the common success of businesses and the locality.

According to statistics, up to now, industrial parks in Thai Nguyen have granted valid investment certificates to 342 projects, including 186 FDI projects with a total registered capital of nearly 10.9 billion USD. In the period of 2020-2025, the revenue of enterprises in the industrial parks reached 151.3 billion USD and 55,470 billion VND; export value reached 120.7 billion USD and 3,000 billion VND, putting Thai Nguyen in the group of localities with the strongest export value in the country.

Enterprises in Thai Nguyen Industrial Park contribute over 42,600 billion VND to the budget and create stable jobs for more than 90,000 workers. Thanks to promoting FDI attraction, the province's economic structure has shifted positively, with industry becoming the main driving force for growth. In the period 2021-2025, the value of industrial production increased by an average of 8% per year, expected to reach 1,156 million billion VND by 2025. Of which, the FDI sector plays a leading role with 1,06 million billion VND (accounting for about 92%).

These results have created confidence for domestic and foreign investors, contributing to improving the investment environment, raising the PCI index, soon turning Thai Nguyen into a modern industrial center with high average income before 2030 and striving to become a developed, high-income province before 2045.

Over the past 5 years, the leaders of Thai Nguyen province and departments and branches have received and worked with more than 700 investors interested in the industrial parks in the area. The province also organized many investment promotion delegations to countries and territories such as the United States, China, Korea, Australia, Taiwan (China)... As a result, it has attracted 106 investment projects to the industrial parks, with a total increased capital of 24,360 billion VND and 2.56 billion USD.

Source: https://baothainguyen.vn/kinh-te/202509/suc-hut-dau-tu-qua-dong-chay-fdi-957371c/