Attractive destination

As a 100% foreign-owned enterprise investing in Tuyen Quang for over 10 years, Tuyen Quang Iron and Steel Company Limited has developed steadily and continuously received certificates of merit from the Provincial People's Committee for its outstanding achievements in production and business. Mr. Nguyen Duy Luan, Director of Tuyen Quang Iron and Steel Company Limited shared: One of the important factors helping the company develop is innovation and improvement of production and business activities.

In particular, the province has facilitated administrative procedures, quickly resolved related documents, helping businesses operate effectively. Currently, the company is expanding steel production according to the decision of the Provincial People's Committee. In 2024, steel output will reach 290,000 tons, exceeding the plan by 10,000 tons, with revenue reaching VND 2,700 billion. The company also creates stable jobs for nearly 1,000 local workers, with an average income of VND 7 million/person/month or more.

Son Duong district is also becoming an attractive destination for domestic and foreign investors. With its geographical advantage, bordering Vinh Phuc, Thai Nguyen, and Phu Tho, the district has focused on improving the District Competitiveness Index (DDCI) and attracting investment in industrial parks and clusters.

Seshin VN2 Company Limited's export garment factory creates jobs for more than 2,000 workers.

Currently, the area has Son Nam Industrial Park with 7 projects, total investment capital of over 200 billion VND, and Phuc Ung Industrial Cluster with 12 projects, total investment capital of over 1,100 billion VND. The district is also planning to add Ninh Lai - Thien Ke, Tam Da industrial clusters in the period of 2021 - 2030, helping Son Duong become one of the industrial centers of the province.

In 2023, the JW Korean Agricultural Products Export Processing and Production Factory in Phuc Ung Industrial Park (Son Duong) was completed and put into use, opening up opportunities for agricultural products to be consumed by the people. Mr. Truong Van Hung, Manager of JW Agricultural Products Processing Factory, commented: Son Duong has a healthy and safe investment environment. Enterprises are facilitated in terms of investment procedures and construction sites. Currently, the company has invested in a factory with an area of ​​4.5 hectares, with an investment value of nearly 46 billion VND, which has come into operation, contributing to promoting the circular chain between the factory - cooperative - farmer, opening up a new direction in the field of processing vegetables, tubers and fruits for export to the Korean and Japanese markets. At the same time, the factory is also creating jobs for more than 300 local workers.

Create a transparent and open business environment

Recognizing the role of the investment environment, the Provincial Party Committee Standing Committee has issued a Directive on improving the investment and business environment, enhancing the province's competitiveness in the period of 2021 - 2025; The Provincial People's Committee has issued a Plan to implement Resolution No. 02/NQ-CP on improving the business environment and enhancing national competitiveness; implementing the Project to promote administrative reform, build e-government towards digital government of Tuyen Quang province, period 2021 - 2025, orientation to 2030.

As a result, the Provincial Competitiveness Index (PCI) in 2023 reached 65.45 points, an increase of 2.59 points compared to 2022, of which 8/10 component indexes increased in points; the Provincial Green Index (PGI) in 2023 of the province was 20.08 points. The quality of administrative reform, improvement of the business environment, and enhancement of competitiveness of the province and district levels in 2024 continued to be improved, contributing to improving the effectiveness and efficiency of state management; improving the investment environment, promoting socio-economic development.

Improvements in the business environment have significantly increased the number of newly established enterprises in Tuyen Quang. In 2024, the province had 267 newly registered enterprises, bringing the total number of operating enterprises to 2,837, with a total registered capital of over VND 35,000 billion. In addition, the province had 16 new cooperatives, bringing the total number to 606 cooperatives, with a total capital of nearly VND 2,400 billion.

In the period of 2021 - 2024, Tuyen Quang has approved investment policies for 72 projects with a total registered capital of over 31,165 billion VND. Up to now, the province has approved 394 projects with a total registered capital of over 74,800 billion VND, of which 292 projects have been completed and put into operation, with a total investment capital of over 28,129 billion VND. The province has attracted the attention of many potential investors to invest in business projects in the province such as: VinGroup Corporation; Danko Group; Flamingo Group; Vietnam - Japan Joint Stock Company implementing the project to build GO! Trade Center...

Promoting the achieved results, in 2025, Tuyen Quang province will continue to improve the Provincial Competitiveness Index and improve the component indexes, striving for the province's ranking position (PCI) to be among the provinces with good scores nationwide with a score of over 68.5 points; striving for the 4 component indexes of the Provincial Green Index (PGI) to have good scores nationwide, with a score of over 23.3 points; having over 350 newly established enterprises, bringing the total number of enterprises in the province to over 3,000.

To achieve the above objectives, Tuyen Quang province, together with departments, branches, sectors, and People's Committees of districts and cities, proactively research, review, and urgently remove all difficulties, obstacles, and inadequacies that enterprises encounter in investment and business activities; improve the quality of the list of conditional investment and business sectors and business conditions; remove bottlenecks, build breakthrough solutions in institutions, incentive policies and mechanisms to attract, transfer, and master high technology, new technology, and advanced technology; innovate specialized management and inspection of goods and effectively deploy the National Single Window Portal and the Provincial Administrative Procedure Information System; promote administrative procedure reform; reduce and simplify administrative procedures; enhance the application of information technology, interconnection, and data sharing among state agencies to improve the quality of administrative procedure settlement. At the same time, improve the quality of business development services; organize inspections, business checks...

Improving the investment and business environment will help Tuyen Quang become an attractive destination for domestic and foreign investors. This will create many job opportunities, increase income for people, and promote the strong development of the local business community.