Speed ​​up disbursement of non-budgetary investment

Positive signals from key projects

Mr. Luu Thanh Hai, Head of the Industry Economic Department, Department of Finance, said that in the period of 2021 - 2025, the province has approved investment policies and granted investment registration certificates to 84 projects, with a total registered capital of more than 33,791 billion VND, reaching 67.6% of the target of the Investment Attraction Project. In total, the province currently has 396 approved projects, with a total registered investment capital of over 74,525 billion VND; of which, 296 projects have been completed and put into operation, accounting for 74.7%, with a total actual investment of more than 28,863.7 billion VND, equivalent to 38.7% of the total registered capital.

Sao Viet Tuyen Quang Company Limited is one of the effective non-budgetary investment units, actively contributing to the local socio-economic development.

In the first quarter of 2025 alone, the province recorded 4 large-scale projects that have officially come into operation, including: An Hoa - Long Binh An Industrial Cluster Technical Infrastructure Project (LLN An Hoa Investment Joint Stock Company), capital of over VND 662 billion; Xuan Van Industrial Cluster Infrastructure Project (EREX Tuyen Quang Biomass Power Company Limited), capital of VND 485 billion; Stuffed Animal Toy Factory (Lac Nghi Vietnam Company Limited), capital of VND 20 billion; and Tuyen Quang Biomass Power Plant (Erex Joint Stock Company), total capital of over VND 2,938 billion, capacity of 50MW. These projects not only increase the value of industrial production but also create hundreds of jobs, contributing to promoting the recovery and development of the local economy.

Notably, many enterprises investing outside the budget have been making positive contributions to the state budget. In the past year, An Hoa Paper Joint Stock Company contributed more than VND158 billion; Tuyen Quang Petroleum Company contributed VND130 billion; Phu Tho Petroleum Joint Stock Company contributed VND132.5 billion; Chiem Hoa Hydropower Complex and Song Lo 7, 8A, 8B contributed nearly VND100 billion. These figures demonstrate the strong influence of the private investment sector in contributing resources to the province's socio-economic development.

Unlocking Resources

Despite many positive results, in reality, there are still projects that are behind schedule and have not met their commitments. Some notable cases include: LBKP2 pulp production line project (An Hoa Paper Joint Stock Company), Tuyen Quang Iron and Steel Factory expansion project, etc. These problems directly affect the growth targets and industrial structure of the province.

According to the report of the Provincial Party Committee, in 2025, Tuyen Quang province aims to accelerate the progress and put into operation at least 15 large projects with spillover effects and growth momentum. Notable ones include: Yen Son Hydropower Plant (expected to contribute 105 billion VND to industrial production value); LGG 3 Ham Yen High-Tech Garment Factory (210 billion VND); Wood Manufacturing Factory in Yen Son (550 billion VND/year); My Lam Mineral Water Exploitation and Supply Project (20 billion VND/year)... However, to complete this goal requires the drastic and synchronous participation of the entire political system, proactiveness and flexibility in the direction and operation of all levels and sectors, especially at the district level - where site clearance is directly carried out and investors are supported in completing legal procedures.

At the meeting with enterprises organized by the Provincial People's Committee, Chairman of the Provincial People's Committee Nguyen Van Son requested departments, branches and localities to strictly implement the direction of the Government and the Provincial Party Committee on removing difficulties for investors, in the spirit of "resolving difficulties". The Department of Agriculture and Environment was assigned to preside over and guide and remove obstacles related to land and environmental procedures; promptly report to the Provincial People's Committee on cases beyond its authority. The Department of Construction urgently completed the planning work, accelerated the appraisal of resettlement area infrastructure, and coordinated the handling of traffic connection points in the factory area, in order to ensure conditions for transporting raw materials and goods for production.

The Chairman of the Provincial People's Committee also called on the business community to increase the application of technology, proactively propose solutions to difficulties, mobilize resources and focus on implementing projects that have committed to investment in Tuyen Quang.

Source: https://baotuyenquang.com.vn/day-nhanh-tien-do-giai-ngan-dau-tu-ngoai-ngan-sach-210147.html