Thai Nguyen to make breakthrough in investment attraction

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.

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.