Create an advantage
In order to attract investment capital, the province has issued a Directive on improving the investment and business environment and enhancing the province's competitiveness in the period of 2021 - 2025. The province has implemented the Project to promote administrative reform, build e-government towards digital government of Tuyen Quang province, period 2021 - 2025, orientation to 2030.
The quality of administrative reform, improvement of the business environment, and enhancement of competitiveness at the provincial and district levels have been improved, contributing to improving the effectiveness and efficiency of State management, improving the investment environment, and promoting socio-economic development.
Along with that, the province directed the issuance and implementation of the Investment Attraction Project of Tuyen Quang Province 2021 - 2025. Accordingly, Tuyen Quang province focuses on researching and developing investment incentive policies, especially for foreign investors in key industrial projects to create large sources of goods for export such as wood production, wood products, deep processing of minerals, textiles, pellets, electronics. The province encourages investors and enterprises to invest in large-scale industrial production projects, modern technology, environmentally friendly in industrial parks and clusters in the direction of interconnectivity...
The Tuyen Quang - Ha Giang expressway is being accelerated in construction, creating advantages to attract investment.
Another important milestone in creating advantages to attract investment is that all levels and sectors of the province have made efforts to complete the Tuyen Quang Provincial Planning for the period 2021 - 2030, with a vision to 2050, which has been approved by the Prime Minister. This is one of the first provincial-level plannings in the Northern Midlands and Mountains to be approved.
From the provincial planning, with the orientation of perfecting and synchronizing the planning system, which is meaningful in creating a breakthrough for development, prioritizing the implementation of infrastructure projects that create great spillover effects as clearly defined in the plan, Tuyen Quang has been further promoting its advantages in attracting investment, especially foreign capital flows.
On the other hand, after the Tuyen Quang - Phu Tho expressway project was completed and the Tuyen Quang - Ha Giang expressway was started to help connect industrial parks and industrial clusters between provinces, many investors have shown interest in Tuyen Quang.
Positive signal
Over the years, Tuyen Quang province has always accompanied and cooperated with many partners from countries around the world, aiming at developing the local socio-economic situation. The province has had 20 projects from 17 foreign investors, with a total investment of over 340 million USD; received aid from many international partners, including Japanese partners who have supported Tuyen Quang province with 25 projects with a total value of over 1.4 million USD in the fields of health, education, environment, etc.
In early March 2024, Tuyen Quang province had another project worth more than 20 million USD (equivalent to 478.8 billion VND) invested by a Japanese partner, the Erex Sakura Tuyen Quang Biomass Fuel Factory Project, which started construction. The project has a scale of 3.3 hectares with a designed capacity to produce 150,000 tons of biomass pellets/year and 150,000 tons of wood chips/year. The factory is expected to operate in 2025. This is a positive signal in attracting foreign investment projects in Tuyen Quang province.
Mr. Honna Hitoshi, Chairman and General Director of Erex Joint Stock Company, the investor of the Erex Sakura Tuyen Quang Biomass Fuel Plant Project, said that based on field surveys in Vietnam, the company has invested in many biomass power plant projects in the northern provinces. After surveying in Tuyen Quang, we realized that Tuyen Quang is a province rich in biomass resources. During the survey in the province and with the enthusiasm and priority of the province, we are ready to invest in the second and third factories in the province.
According to the sharing of foreign investment partners when investing in Vietnam, they often encounter 3 difficulties: First, related to complicated administrative procedures, time-consuming; second, human resources; and third, electricity sources. Understanding these concerns, our province has assigned the Department of Planning and Investment to be the focal point to support and help foreign investors avoid having to travel a lot.
Regarding electricity, the province has worked with the Vietnamese electricity industry, Tuyen Quang's electricity source is very stable, enough for industrial production. Regarding human resources, Tuyen Quang currently has 244,000 people trained in many different professions, this human resource can participate in the activities of foreign investment projects in Tuyen Quang.
Attracting foreign investment capital with large-scale projects, modern technology, in line with the development trend and advantages of the province to create new values not only contributes to the economic growth results of the province, but also affirms the correctness in the green and sustainable growth orientation of Tuyen Quang.
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