Thuan Bac: Stepping up efforts to attract investment

During the period 2020-2025, investment attraction efforts in Thuan Bac district achieved many positive results. Potential and advantages were initially exploited and effectively utilized, with many large-scale projects being formed, creating momentum for socio-economic development.

Recognizing that planning is a crucial step in providing a legal basis for attracting investment, Thuan Bac district has focused on directing its specialized departments to review and complete the dossiers for submission and approval of annual land use plans; coordinating with consulting units to review and adjust the land use planning scheme for the period 2021-2030 according to the allocated land use planning targets. In addition to the investment incentives and support policies from the central and provincial governments, the locality also prioritizes expediting the processing of dossiers, promptly clearing land, ensuring security and order, and creating favorable conditions for businesses investing in the district. It also strengthens direct dialogue with businesses to promptly resolve difficulties and obstacles within its authority and proposes and recommends to the province matters beyond its authority during the implementation of projects in the area.

Construction is underway on the D2 road extension connecting to the Du Long Industrial Park.

The synchronized implementation of solutions has yielded positive results, attracting an increasing number of businesses to explore investment opportunities in the area. Currently, in addition to the 8 completed renewable energy projects with a capacity of 857MW connected to the national grid, investment in the tourism sector has also seen significant progress in recent years. Leveraging the terrain and unique cultural characteristics of the ethnic minority areas, the district has done a good job of planning and actively coordinating with relevant departments and agencies to attract economic entities to explore and invest. Currently, two projects are operational: the Natural Paradise Ninh Thuan tourist area in Cong Hai commune and the Nui Chua Village community tourism area in Bac Son commune. The Binh Tien tourist area project has also opened its golf course, attracting approximately 300,000 visitors annually, with estimated tourism revenue reaching 25 billion VND per year.

During the period 2021-2025, the Provincial People's Committee granted investment certificates to 5 projects in the Du Long Industrial Park, with a total investment of VND 2,230 billion, including: a stuffed toy factory; a garment and textile factory; a steel rolling mill; a wool dyeing and weaving factory; and the Loi Hai water plant. Thanks to the support of the local authorities, these businesses have operated stably and efficiently; in particular, stuffed toys and garments are exported to other countries, with export value estimated at USD 20 million by 2025, contributing to job creation for more than 5,000 workers in the area and surrounding regions. At the same time, the district has also strictly implemented regulations on the management of state budget investment, government bonds, and the handling of outstanding construction debts in accordance with the Prime Minister 's directives and the Law on Public Investment. From 2021 to the present, the total investment capital for development managed by the district has exceeded 420 billion VND, focusing on infrastructure investment for two resettlement projects in ethnic minority areas; and investment in the reinforcement of school buildings and rural transportation systems. Upon completion, these projects have significantly contributed to improving and enhancing the quality of life for the people.

According to a report, over the past five years, total social investment in Thuan Bac district is estimated at 20,207 billion VND, exceeding the target set by the District Party Committee's Resolution No. 4, term 2020-2025, by 30%. According to Mr. Pham Trong Hung, Chairman of the Thuan Bac District People's Committee, priority has been given to investing in projects and works in the fields of transportation, irrigation, lighting, water supply, schools, and health stations. This has contributed to transforming the local landscape. These are important prerequisites for the district to continuously strive to improve the investment and business environment to attract investors and meet future development requirements.

Hong Lam

Source: https://baoninhthuan.com.vn/news/152541p1c30/thuan-bac-day-manh-thu-hut-dau-tu.htm