In recent years, Thanh Hoa has continued to make its mark in promoting domestic and foreign investment. This approach has brought about encouraging results in attracting investment to the province.
In 2024, Thanh Hoa province continues to pay special attention to foreign affairs activities. Provincial leaders have received and worked with many international delegations such as: Leaders of Niigata province (Japan), delegations of embassies of India, Korea, Switzerland, World Bank, SAB Group, WHA Group... In addition to providing information on planning, policies and mechanisms to attract investment in the province and Nghi Son Economic Zone (KKTNS), provincial leaders have assigned the Management Board of Nghi Son Economic Zone and Industrial Parks, the Department of Planning and Investment to directly support, provide information, and guide foreign corporations and enterprises to survey and carry out research procedures and project implementation.
High-ranking delegations of Thanh Hoa province have also carried out many investment promotion programs in Singapore, Taiwan, South Korea, China, France, the Netherlands, Australia and New Zealand to introduce the province’s potential and strengths and call for investment attraction in the province. In response to the province’s goodwill, right after the promotion trips, many corporations and enterprises have conducted research, survey and promotion activities for cooperation opportunities.
Typically, in October 2024, the China Association of Import and Export of Machinery and Electronic Products (CCCME), led by Mr. Trinh Sieu, Vice President of CCCME, visited Thanh Hoa to conduct a field survey and learn about investment opportunities in the NSK. According to Mr. Trinh Sieu, this connection trip was made to soon realize the promise made to Thanh Hoa province during his recent visit and work in China. With about 10,000 member enterprises covering many industries and supply chains, representing the entire Chinese industry, successfully connecting with CCCME will open up many opportunities for Thanh Hoa to cooperate abroad through establishing cooperative relationships with more than 130 international chambers of commerce and trade associations around the world; more than 120 foreign embassies in China and more than 60 industrial parks abroad.
In November 2024, the GEO Group from the Federal Republic of Germany also made a working visit and proposed many investment fields and projects in the fields of wind power and labor training. According to Mr. Franz Josef Claes, Chairman and Director of the Geo Group: "The Memorandum of Understanding on research and survey of wind power plants between the group and Thanh Hoa province was signed on November 15, 2023, right after the working trip, promoting investment in the city.
Triptis, Thuringia, Federal Republic of Germany, October 2023. The Group is moving closer to the survey steps with instructions on the next related procedures to implement the project in accordance with legal regulations. We also wish to invest in developing a technical industrial training school for wind power to provide human resources for the operation of the plant in particular and Thanh Hoa province in general in the coming time."
With foreign investment promotion activities, the Provincial Investment and Trade Promotion Center also regularly deploys methods and forms to promote the province's cooperative relationship with localities; international organizations, foreign representative agencies in Vietnam such as: Korean Embassy in Vietnam, Korean Chamber of Commerce and Industry; Korean Business Association; Korean International Cooperation Agency; Japan International Cooperation Agency; Japan Trade Promotion Organization; Association of Small and Medium Enterprises in the North of Chungchoengnam-do Province, Korea; Vietnamese Embassy in Japan, Korea, China...
The unit has also organized the construction and updating of a system of documents, general introductions about the province, updated socio-economic information, introduced the potential and outstanding advantages in attracting investment of the province, profiles of key investment calling projects of the province; built and maintained a set of investment promotion documents applying digital technology, information graphics (infographics, e-magazines), applying artificial intelligence technology (AI), virtual reality technology (AR, VR). The center also built sets of documents introducing Thanh Hoa translated into many languages: English, Japanese, Korean, Chinese, French, Russian, Thai and created QR codes to increase attractiveness, modernity, professionalism, increase the speed of dissemination, easy access, easy to understand, easy to grasp to serve events, working sessions, survey delegations, domestic and foreign investors.
Domestically, the provincial leaders have also worked with many large corporations such as: DIC Group, Sovico Group, TH Group Joint Stock Company... Thanh Hoa Provincial Business Association also focuses on trade connection activities, investment cooperation with enterprises in provinces and cities across the country, including key markets such as Ho Chi Minh City and the provinces in the Southeast region. Thereby, helping to promote potentials and strengths; exchange experiences in developing production and business, promote cooperation, and attract investment from enterprises from other provinces to Thanh Hoa.
In 2024, the province attracted 105 direct investment projects (including 19 FDI projects) with a total registered capital of over VND 12,960 billion and USD 477.9 million, 1.43 times more in number of projects and 25.1% more in registered capital over the same period. The province currently has 2 ODA programs and projects managed by the province with a capital plan assigned in 2024 of VND 538.78 billion. The province has also received 24 additional programs, projects and non-projects with a total committed aid capital of about USD 13 million, contributing to increasing investment resources for economically disadvantaged areas and effectively implementing social security programs.
The creative and drastic ways in investment promotion activities have contributed to strongly promoting the potential, advantages as well as the image of Thanh land and people to many domestic and international friends. From there, the position and prestige of the province in attracting and appealing to domestic and foreign investors have been enhanced. The relationship between Thanh Hoa province and international organizations, economic groups, and large enterprises has been increasingly consolidated and expanded, making Thanh continue to become the destination of many large groups in the world.
Article and photos: Minh Hang
Source: https://baothanhhoa.vn/dau-an-hoat-dong-xuc-tien-dau-tu-238076.htm
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