Thai Nguyen to make breakthrough in investment attraction

02:31, 24/06/2022

At the investment promotion conference with the theme: "Investment strategy in the new normal situation" that recently held in Ho Chi Minh city, the most typical issues of policy, strategy and drastic commitment to investment attraction of Thai Nguyen province were informed to domestic and foreign investors by Mr. Trinh Viet Hung, Alternate Member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee. It was really a boost for Thai Nguyen's investment attraction activities to make a breakthrough in the coming time.

Being considered as the first large-scale promotion activity in the "new normal situation" after the COVID-19 pandemic, the Investment Promotion Conference that was organized by the Ministry of Planning and Investment in coordination with the National Innovation Center (NIC) and Sai Gon Telecommunication and Technologies Corporation (SaigonTel) on June 17 in Ho Chi Minh City gathered top investors from all provinces and cities nationwide, domestic and international markets. In particular, the conference attracted representatives of major Korean investment groups such as: SK EcoPlant; Lotte E&C; Hyosung; CJ; Asam Security; Hana; KepCo ... Attending this conference, Thai Nguyen received the special attention of investors due to the province's great efforts to improve mechanisms and policies, that helped to increase the position of the province on the "map" of investment attraction destinations of Vietnam in the past time.

Thai Nguyen was introduced as a land with great potentials and strengths in geographical location, next to Hanoi capital, synchronous infrastructure and transportation system, abundant and high quality human resources… Along with that are impressive numbers: Thai Nguyen currently has over 170 FDI projects in valid with a total investment capital of over 10 billion USD; 846 DDI projects with a total capital of over 145,000 billion VND. Currently, the province has planned 12 industrial zones with a total area of 4,245 hectares, including 1 centralized information technology zone; 41 industrial clusters with a total area of 2,067 hectares… that are ready to welcome investors.

Yen Binh Industrial Park is attracting many leading corporations and companies in the world to invest in building factories.

Talking with investors, Mr. Trinh Viet Hung - Chairman of the Provincial People's Committee emphasized: Thai Nguyen is a "promised land" in investment with preferential policies, in particular, the province would support funding in training and retraining employees. This is a unique mechanism of Thai Nguyen. At the same time, the leaders of the province are young, dynamic, dare to think, dare to do... The enthusiasm, decisiveness and unity in direction and administration had created a constructive government, making important decisions.

"Thai Nguyen province's government commits to always being ready to support investors no matter who they are and the fields they invest are inside or outside the industrial zones. They will receive prompt and timely support during the implementation of projects”.

Mr. Trinh Viet Hung, alternate member of the Party Central Committee, Deputy Secretary of the Provincial Party Committee, Chairman of Thai Nguyen Provincial People's Committee

The Chairman of Thai Nguyen People's Committee also affirmed 6 commitments to investors, focusing on: Regularly receiving information and immediately resolving petitions from businesses; supporting and creating best conditions for businesses that have intention to invest in the province, shortening the time for handling administrative procedures; ensuring social security; supporting businesses in labor training, providing high-quality workforce; providing good telecommunications, electricity and water infrastructure 24 hours a day; supporting ground clearance, applying preferential policies on tax exemption and reduction, land rent and water surface rent  that complying with the Government's regulations.

These commitments have created a strong impression and attraction to investors. During the discussion, many investors paid attention and questioned the Chairman of Thai Nguyen Provincial People's Committee about a number of issues. All were answered clearly and thoroughly by the Chairman of the Provincial People's Committee and highly appreciated by investors. Mr. Dang Thanh Tam, Chairman of the Board of Directors of Sai Gon Telecommunication and Technologies Corporation (SaigonTel), said: Thai Nguyen had left a strong impression on myself and investors. Through the conference, investors understood the spirit, policies and strategies of attracting investment of Thai Nguyen province, creating a premise for investors to early invest in the province in the near future.

In the coming time, Thai Nguyen province's investment promotion program will focus on developing infrastructure in industrial zones and clusters; developing the Southern region of the province (tourism, sports, entertainment and resort infrastructure in the East of Tam Dao mountain range, Nui Coc lake; develop urban areas following the route linking with the region of Bac Giang - Vinh Phuc and the belt road No. 5 of Hanoi Metropolitan); focusing on attracting high-tech, environmentally friendly projects, forming and developing production chains, creating favorable conditions for enterprises to access production and business ground, access information on the markets, investments and businesses…

Production at Han Viet Aluminum Joint Stock Company (Diem Thuy Industrial Zone).

Thai Nguyen province orients: Building a favorable, fair and transparent investment and business environment; promoting comprehensive administrative reform; building and synchronously implementing solutions to attract big domestic and foreign corporations that have good financial capacity, brand name, and spreading power to bring science and technology and large capital sources into investment; restricting projects of small scale, use large areas and cause environmental pollution; all to create a drastic change in investment attraction of the province.

With strong commitments and practical actions, Thai Nguyen continues to affirm its position as one of the most dynamic localities in the country in attracting investment. And it is this dynamism of the province that is creating great expectations in Thai Nguyen's investment attraction in the coming time.

Thai Nguyen’s priorities in investment attraction

1. Infrastructure of Industrial zones

In the period of 2021-2030, Thai Nguyen province will develop and expand 11 industrial zones and 1 information technology zone, including 7 industrial zones and 1 centralized information technology zone that has been approved for planning (including 5 industrial zones and 1 information technology zone have had infrastructure investors) and 4 additional industrial zones. The total planned area of industrial zones of the province is 4,245 hectares.

Currently, the province is focusing on attracting investment in technical infrastructure of industrial zones, including: 2 new industrial zones which have been approved for planning: Phu Binh Industrial - Urban - Service Area covering 900 hectares (has been approved the general construction planning) and Song Cong II Industrial zone, phase 2, with an area of 300 hectares, increasing the total area of the newly added industrial zones to 1,200 hectares, getting ready to welcome big investors to Thai Nguyen province right in 2022.

2. Infrastructure of Industrial clusters

The plan to develop industrial clusters of Thai Nguyen province in the period 2021-2030 includes 41 industrial clusters, with a total area of 2,067 hectares, of which 21 industrial clusters have had infrastructure investors (3 industrial clusters are invested by Sai Gon Telecommunication and Technologies Corporation (SAIGONTEL), including: Tan Phu 1, Tan Phu 2 and Luong Son, covering an area of over 165 hectares) and 20 industrial clusters are selecting investors.

3. Transportation and regional connectivity infrastructure

a. Regarding planning: In the period of 2021-2030, Thai Nguyen province plans to develop the transportation network:

- To make plans for the highway Hanoi - Thai Nguyen - Bac Kan (CT07); the Belt Road No. 5 of Hanoi Metropolitan; the routes linking regions and areas of Bac Giang - Thai Nguyen - Vinh Phuc - Tuyen Quang provinces.

- To upgrade and expand national highways and the route of Ho Chi Minh highway passing through the locality.

- Road system of Thai Nguyen province will form 3 main vertical axes, 4 horizontal axes and 2 belt roads.

b. Regarding investment: Started the construction of the linking route connecting the provinces of Thai Nguyen - Bac Giang - Vinh Phuc (42 km); preparing to start the belt road No. 5 running through Thai Nguyen province (the section from Phu Binh district to Bac Giang province); basically completed the belt road No. 5 from Pho Yen City to Phu Binh district; implementing a series of projects to develop dynamic urban areas in Thai Nguyen City and a number of routes connecting other developing areas are also actively being carried out ...