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Attracting investment right from the beginning of the year

TQO - In 2021, Tuyen Quang made important impressions in attracting investment with 36 projects with a capital of nearly VND26 trillion. It demonstrates that the province is still a safe and potential destination for investors even the pandemic.

Workers at MSA-YB Company Limited (Long Binh An Industrial Zone).

In recent years, the province has implemented many solutions to enhance the business investment environment. The local authorities have mobilised investment resources to complete the infrastructure system in industrial zones, transport and tourism infrastructure. The province has improved quality off production, removed difficulties in investment, and boosted the Provincial Competitiveness Index (PCI). As a result, the province have exploited the most of the available advantages and potentialities of the locality, creating an environment to attract a number of large investors such as Vingroup, Dabaco, Muong Thanh, Vietnam National Textile and Garment Group, Woodsland, Geleximco and many FDI projects from Korea, Taiwan, Hong Kong, China, Australia with a total registered capital of 210 million USD (equivalent to nearly VND5,000 billion).

In 2021, the province received and processed 110 investment project dossiers using non-budget capital. In addition, the province decided to adjust the policy of 20 projects and attracted 36 investment projects with a capital of nearly VND26 trillion, reaching 50% of the investment attraction target in the 2020 - 2025 period set out under the Resolution of the 17th Provincial Party Congress.

Son Duong District is a typical locality to promote attracting investment. In which, Son Nam Industrial Zone has 6 projects with a total investment capital of VND150 billion while Phuc Ung Industrial Cluster has attracted 10 projects (7 domestic investment projects and 3 FDI projects) with a total investment of over VND1 trillion.

In August 2021, the Provincial People's Committee issued a decision approving the investment policy for the JW Agricultural Product Processing Factory Project of Chunghak F&C Company (Korea) at Phuc Ung Industrial Complex (Son Duong). The project has a scale of 3,600 tonnes of products/year. The total initial registered investment off the project is VND46 billion. The project is expected to come into operation in the third quarter of 2022.

In 2022, the province strives to attract investment projects with a total capital of VND30 trillion.

Van Anh

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