Breakthrough in attracting investment to the growth pole in the South of Thai Nguyen

Ring Road V of the Hanoi Capital Region - the section passing through Pho Yen city and Phu Binh district, creates more development space in the southern area of ​​Thai Nguyen.

Closely follow planning and key investments

Thai Nguyen is a gateway, a place for economic exchange and development between the mountainous region and the Northern Delta. Therefore, the construction of synchronous transport infrastructure plays a decisive role in making Thai Nguyen a key economic region of the Northern Midlands and Mountains region.

Based on the above orientation, Thai Nguyen has focused on planning and key investments in the transport sector. In 2024 alone, the province has put into operation an additional 65.31km of roads, exceeding the plan by 30.6%. The whole province currently has 11,445km of roads, including 8 national highways running through the area with a length of 328km; 21 provincial roads with a length of 384km; 159km of urban roads; 742km of district roads; 3,232km of commune roads and over 6,600km of other low-level residential roads.

Traffic infrastructure is invested synchronously towards increasing connectivity and intra-regional connectivity. In addition to the connecting route connecting Thai Nguyen, Bac Giang and Vinh Phuc provinces, the Ring Road V of the Hanoi Capital region must be mentioned.

The Ring Road V project passing through Thai Nguyen province is 18.11 km long, with a total cost of nearly VND 1,784 billion, and a scale of 6 lanes. The province focuses on implementing the project with 3 routes: the section from Cau River to Yen Binh intersection, connecting Phu Binh district, National Highway 37 with Pho Yen city and Hanoi - Thai Nguyen expressway with a length of 9.16 km, starting construction in 2017, handing over and putting into use in 2022.

The section from National Highway 37 to Cau River, connecting Phu Binh District, National Highway 37 with Pho Yen City, total route length 2,268 km, starting construction in 2022, handover and put into use in 2023.

The section from Bac Giang province to National Highway 37, connecting Phu Binh district with National Highway 37 and Bac Giang province, with a total length of 6.68 km, started construction in January 2023, is being urgently completed by construction units, expected to be technically opened to traffic on April 30, 2025; completed construction in June 2025, accepted and handed over for use in the fourth quarter of 2025.

Industrial clusters along the Ring Road V in the Hanoi Capital Region - the section passing through Pho Yen city and Phu Binh district - are attractive locations for secondary investors.

With the drastic and close direction of the provincial Party Committee, government, departments and branches and the efforts of investors and contractors in the spirit of "overcoming the sun, overcoming the rain, only discussing work, not discussing retreat", up to now, the Ring Road V section through Pho Yen City and Phu Binh District has been basically completed.

Mr. Hoang Huu Son, Director of Hoang Hai Construction and Trading Company Limited, said: Participating in the construction of Ring Road V, we have focused on machinery, human resources, overtime, and extra shifts to complete on schedule according to the investor's requirements.

Key investment in transport projects is the basis for Thai Nguyen to realize the goal of attracting investment to become an important growth pole of the region.

"Magnet" attracting investment capital

Thai Nguyen province planning for the period 2021 - 2030, with a vision to 2050, orients the economic development of the southernmost part of the province to the localities: Pho Yen city, Song Cong city and Phu Binh district. Thanks to investment in the Ring Road V project and projects such as: Upgrading and expanding the service road from Yen Binh intersection to Yen Binh Industrial Park; Road connecting National Highway 3 (Hanoi - Thai Nguyen) to Yen Binh Industrial Park and DT 261 - Phase II; Investment in construction of the road connecting DT.261 - DT.266 (phase 1); Road connecting National Highway 37 and provincial road DT.269B, Thai Nguyen province has created more space for development, attracting high-tech industrial projects.

Ms. Nguyen Thi Vinh, Chairwoman of the Provincial Women Entrepreneurs Association and Chairwoman of the Board of Directors of Thai Hung Trading Joint Stock Company, said: Thai Hung is also one of the investors participating in exploiting the advantages of Ring Road V. This project, from the time of commencement to technical traffic opening, is a typical example of progress and efficiency in attracting investment and promoting the advantages of Thai Nguyen province.

In recent times, the province has made efforts to implement the policy of leading public investment, activating and attracting social investment. In 2025, the province set a target of attracting total investment and social development capital of VND 104,100 billion. Since the beginning of the year, many large projects have started construction. After just over 1 month of starting construction, the Song Cong II Industrial Park Infrastructure Investment and Construction Project - Phase 2, on April 19, Viglacera Thai Nguyen Joint Stock Company continued to start construction of package No. 2 in this industrial park.

Provincial leaders congratulated secondary investors who were awarded investment certificates for two industrial clusters in Phu Binh district on April 19.

Along the Ring Road V, 2 industrial parks Bao Ly - Xuan Phuong (investor is Viet Cuong Concrete Joint Stock Company) and Hanh Phuc - Xuan Phuong (investor is Le Premium Investment Joint Stock Company) have had 8 secondary investors granted investment registration certificates with a total registered capital of over 3,226 billion VND.

Typical projects include: Dai Viet Phu Binh Steel Rolling Mill worth 2,200 billion VND; Xuan Phuong Paper Factory worth 350 billion VND; High-tech Steel Processing and Trading Factory worth 150 billion VND... The results of attracting capable secondary investors confirm that Hanh Phuc-Xuan Phuong Industrial Park and Bao Ly-Xuan Phuong Industrial Park are ideal destinations for investors.

In particular, adjacent to Ring Road V, on April 19, BMK Group Corporation also started the project to invest in construction and business of infrastructure of Yen Binh 3 Industrial Park (in Nga My commune and Diem Thuy commune, Phu Binh) with a total investment of over 4,139 billion VND. This is one of the key projects in the industrial infrastructure development strategy of Thai Nguyen province.

The company is preparing machinery to construct two urban area projects in Phu Binh after being granted an investment registration certificate.

On the same day, the Provincial People's Committee and Viet Cuong Construction Concrete Company Limited started construction of two urban areas, Phu Binh 1 and Phu Binh 2, with a total investment of over VND 1,685 billion.

Located along the Ring Road V, Phu Binh Industrial - Urban - Service Park (planned area of ​​over 900ha) is currently under construction. 4 industrial parks: Ha Chau 1, Ha Chau 2, Tan Duc and Luong Phu - Tan Duc, with a total investment of over 2,700 billion VND, are also urgently clearing the land to start construction in the second quarter and early third quarter of this year...

Mr. Nguyen Van Ban, Vice Chairman of Phu Binh District People's Committee, affirmed: The projects that started today in the district are key projects of the province. The District People's Committee will continue to direct localities with projects to promote propaganda to create consensus in site clearance work to implement on schedule, contributing to promoting development, exploiting the advantages and great potential of the southern region of the province.

Source: https://baothainguyen.vn/kinh-te/202504/dot-pha-thu-hut-dau-tu-vao-cuc-tang-truong-phia-nam-thai-nguyen-3d61a22/