Recently, Tuyen Quang Province has attracted lots of investors with large – scale projects of huge capital. Up to now, the province has had 14 foreign direct investment (FDI) projects with total registered capital at over US$199 million (over VND4 billion)

The FDI projects have created jobs for over 6.000 workers with an average income ranging from VND5million – VND7 million per person per month, contributing to transferring the province’s economic structure, boosting its growth and improving the local people’s living standards.

Currently, Tuyen Quang has 8 projects that were allocated for within the public investment plan using official development assistance (ODA) capital, worth up to VND1 billion in total. Out of the amount, reciprocal capital accounted for over VND30 billion and ODA capital from central budget is over VND221 billion.

Tuyen Quang Iron Steel Company Limited, which is funded by a Chinese investor, develops its project at Long Binh An Industrial Zone.

The province has proactively improved business investment environment to create favourable condition for the investors to carry out the projects. The province has also appealed to foreign direct investment in agricultural and rural sector in the 2019 – 2025 period.

In order to further promote and attract more foreign investment, the provincial authorities have proposed a wide range of measures, focusing on improving the competitiveness indexes of the province, departments, districts and city as well as strengthening business governance capacity and applying the achievements of the revolutionary industry 4.0 in production.