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Thai Nguyen - Attracting FDI from the provincial planning
Date: 8/28/2023 8:23:33 AM
With a comprehensive and key development strategy, the master plan of Thai Nguyen province for the period of 2021 - 2030, with a vision to 2050, is creating more opportunities to bring the province’s economy to a comprehensive speed, especially the process of attracting , increasing quality foreign investment capital flows, contributing to the realization of aspiration for prosperous and sustainable development.

 The breakthrough and industrial growth of Thai Nguyen over the past time is considered as a typical bright spot in the economic growth pole of the Northern Midlands and Mountains. Industrial zones formed along the Thai Nguyen - Hanoi highway and key national roads have created attraction for businesses when choosing Thai Nguyen as an investment location.

For example, for DBG Vietnam in Thai Nguyen, the products of data transmission terminals and wifi devices, intended for export to North American markets, are manufactured at a factory in Thai Nguyen. Enterprises decide to choose to build a factory when seeing the advantages in the role of connecting with other localities.

Talking to PV, Mr. Wu Zuo Jiang, General Director of DBG Vietnam said: " We have conducted surveys in many localities in the North, but Thai Nguyen is the place for the group to decide to invest. In other localities such as Bac Giang, Hai Phong, raw materials for production are conveniently transported to Thai Nguyen, in addition, the population density is high, suitable for the recruitment demand of 10,000 to 15,000 workers for the project. our judgment"

Attracting FDI investment seen from the provincial planning
Many foreign-invested companies have chosen Thai Nguyen because of many outstanding advantages

In the National Master Plan, the Northern Midlands and Mountains region is oriented towards green, sustainable and comprehensive development. Focus on protecting and restoring forests; to develop processing, manufacturing and energy industries; develop high-tech, organic and specialty agriculture. The industrial belt of Bac Giang - Thai Nguyen - Phu Tho was built to become a driving force for the growth of the whole region, of which Thai Nguyen affirmed with advantages in attracting FDI.

Assoc. Prof. Dr. Tran Dinh Thien, Economist emphasized: "Put in the context of the competition of Vietnam and the world, Thai Nguyen’s regional position has helped Thai Nguyen position itself more clearly, turning its potential advantages into into a real advantage, into a high-tech industrial center, whose core foundation is science and technology and innovation.

In the period of 2021 - 2030, by 2025, Thai Nguyen province will be one of the smart and modern industrial economic centers of the Northern Midlands and Mountains and the Hanoi Capital region. the province has planned 12 industrial parks with a total area of ​​4,245 ha, including 1 concentrated information technology zone; planning 41 industrial clusters with a total area of ​​2,067 ha ready to welcome investors. Thai Nguyen continues to create trust with foreign investors through the role of a special working group to remove difficulties and obstacles, and to support businesses, investors and investment projects in the province.

Attracting FDI investment seen from the provincial planning
Attracting FDI: A bright spot in Thai Nguyen’s economic picture

Mr. Le Kim Phuc, Head of the Management Board of Thai Nguyen Industrial Parks said: "The Management Board of the Provincial Industrial Parks regularly listens and exchanges thoughts, aspirations, and feedbacks of investors. In the coming time, we will continue to advise the province to reform administrative procedures and create the most favorable conditions for investors to invest in industrial parks. , effectively implementing projects, creating favorable conditions for socio-economic development of Thai Nguyen province, developing the province’s potential and strengths"

Competition to attract foreign investment is increasingly fierce in the context of large corporations reshaping their production chains. Therefore, the potentials, advantages and connectivity of Thai Nguyen from the provincial planning is an important basis to help Thai Nguyen become a destination that brings prosperity value to investors.

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