Thai Nguyen: Attracting many FDI projects right from the first months of the year

(Construction) – With many outstanding preferential policies in improving the investment and business environment, Thai Nguyen province has always been an attractive destination for investors, especially foreign direct investment (FDI) ) from the first months of the year.

Chairman of Thai Nguyen Provincial People’s Committee Trinh Viet Hung regularly inspects and urges work implementing key projects in the province (Photo: thainguyen.gov.vn).

Along with the potential advantages available, Thai Nguyen province is always proactive in proposing fundamental and strategic solutions to attract investment, especially FDI investment, considering this an important driving force to promote investment. sustainable economic and social development.

In order to attract investment in potential and strong fields, the province has issued a project to improve the investment environment and enhance competitiveness at the provincial level. Accordingly, besides the incentives prescribed by the Government, Thai Nguyen also supports and creates the most favorable conditions for investors in terms of project implementation; new corporate tax exemptions and reductions; Reducing the time taken to administrative procedures; shortening the time for construction permits, land use right certificates, land allocation, land lease… In particular, the province also supports training and retraining funds for employees when businesses demand it. This is the unique mechanism of Thai Nguyen.

In addition, in order to attract investors, Thai Nguyen also focuses on mobilizing all investment resources to build a transport infrastructure system and infrastructure of synchronous and modern industrial zones and clusters. The province has planned 12 industrial parks with a total area of 4,245 ha and 41 industrial clusters with a total area of 2,067 ha.

Up to now, the province has 21 industrial clusters with infrastructure investors with a total infrastructure investment capital of 5,701 billion VND, the total realized capital is estimated at 2,291 billion VND. Industrial clusters operating in the area have attracted 61 investment projects, total registered investment capital is 9,024 billion VND.

With many reform policies and outstanding incentives, Thai Nguyen has become an attractive destination for investors, especially FDI. In the first 4 months of 2023 alone, the province has had 9 projects. Newly granted FDI investment with a total registered capital of 98.254 million USD and 3 times capital increase projects with a registered capital of 7.45 million USD, bringing the total number of valid FDI projects in Thai Nguyen province Up to now, there are 181 projects, with a total registered investment of nearly 10.5 billion USD.

Along with that, businesses in the province operate effectively and stably. Currently, in the province, there are a total of 9,159 enterprises with a total registered capital of 133,128 billion VND, of which in the first 4 months of the year alone, the province has granted new business registration to 337 enterprises with registered capital of 3,885 billion VND. copper.

Thanks to the right policies and people’s hearts, from a mountainous locality with many difficulties, Thai Nguyen is constantly rising strongly, ranked at the top of the country in terms of industrial production value, and attracting capital. FDI investment and export turnover. This is an important premise for Thai Nguyen to gradually realize its goal of becoming one of the modern industrial economic centers of the Northern Midlands and Mountains region and the Hanoi Capital region by 2030.

Source: Construction Newspaper