Proactively improving the investment environment

Tuyen Quang identifies administrative procedure reform as a prerequisite step to improve competitiveness. The province has promoted the application of information technology in handling investment procedures, shortening the time for granting business licenses, supporting businesses in accessing land and credit resources. The Tuyen Quang Provincial Public Administration Service Center operates effectively, helping businesses and investors significantly reduce the time to complete procedures.

KOVECA Chairman and General Director Kwon Sung Teak highly appreciated the development potential of Tuyen Quang.

In 2024, the province issued and implemented the Plan to implement Resolution No. 02/NQ-CP of the Government on improving the business environment and enhancing national competitiveness. In addition, plans for administrative reform, improving the Provincial Competitiveness Index (PCI), Green Index (PGI), People's Satisfaction Index for State Administrative Agencies (SIPAS), and Public Administration Performance Index (PAPI) were all focused on implementation.

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 was approved by the Prime Minister. This is one of the first provincial-level plans in the Northern midland and mountainous region to be approved. From the provincial planning, with the orientation of completing and synchronizing the planning system, which is meaningful to create 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.

In addition, the province has completed the Tuyen Quang - Phu Tho expressway connecting with Noi Bai - Lao Cai expressway; speeding up the completion of other traffic infrastructure such as the key project of Tuyen Quang - Ha Giang expressway. On March 13, 2025, Tuyen Quang and Thai Nguyen provinces agreed to propose an investment plan for a 4-lane connecting road, speed of 100 km/h, connecting Thai Nguyen and Tuyen Quang provinces. The province focuses on expanding industrial clusters to attract green industrial projects. These efforts help connect Tuyen Quang with major economic centers, increase trade capacity and attract investment.

Supporting business development

Since the beginning of the year, Tuyen Quang has had 63 new businesses registered with a registered capital of VND174,777 billion. The total number of businesses in the province is over 2,891, with a total registered capital of over VND37,000 billion. Of which, there are 19 businesses with 100% foreign investment capital in the province. To support business development, our province has implemented synchronous and effective support policies; created a favorable, equal, and stable investment and business environment for businesses to increasingly contribute to socio-economic development; contributed to improving the competitiveness and international economic integration of businesses.

Sao Viet Company Limited, Long Binh An Industrial Park (Tuyen Quang City) introduces products to Chinese partners.

Tuyen Quang Mechanical Joint Stock Company, Trung Mon Commune (Yen Son), in the period of 2020 - 2022, the Company has researched and deployed the production of exported wooden flooring. Thanks to access to VND1 billion from the national industrial promotion fund, the Company has invested in building a factory, wood drying kiln, air compressor, imported production line with a designed capacity of 1,278 m3 of oil-coated laminated wood each year. The project was completed with a total investment of more than VND19 billion. In 2025, the company strives to achieve revenue of about VND26 billion to VND30 billion per year. This is a model of wooden flooring production in the province and is encouraged to be replicated by all levels and sectors.

Mr. Le Duc Vinh, Director of Tam Sinh Phat Joint Stock Company, Luong Vuong Commune (Tuyen Quang City) shared that newly established enterprises are also supported by the State budget with a first legal seal and a digital signature for use in the first 3 years after establishment. The value of a seal and digital signature for a business is VND4 million. Regarding administrative procedures, I find that they have been shortened a lot compared to before. This helps me have more time to focus on my production and business plan.

Realizing the potential, advantages as well as favorable policies and mechanisms of Tuyen Quang for domestic and foreign enterprises, recently Erex Joint Stock Company (Japan) has been and is continuing to implement the second project in Tuyen Quang province. Previously, in March 2024, the Company invested in the Erex Sakura Tuyen Quang biomass fuel plant project in Long Binh An Industrial Park (Tuyen Quang City) with a capital of more than 20 million USD (equivalent to VND478.8 billion). The project is currently in the trial run phase.

At the meeting on January 15, 2025 with Chairman of the Provincial People's Committee Nguyen Van Son, Mr. Honna Hitoshi, Chairman of Erex Joint Stock Company, investor of the Erex Sakura Tuyen Quang Biomass Fuel Plant Project, thanked Tuyen Quang province for creating favorable conditions for the implementation of the projects and proposed to continue creating favorable conditions for the Company to study and expand investment in Tuyen Quang. Currently, the company is working with the province on the plan to implement the Xuan Van Industrial Cluster Infrastructure Investment and Business Project, Yen Son District.

Sharing about the business environment in Tuyen Quang, Mr. Nguyen Huu Thap, Chairman of the Provincial Business Association, highly appreciated the efforts of authorities at all levels in improving the investment environment and removing difficulties for businesses. He emphasized: In recent years, Tuyen Quang province has truly accompanied businesses, from administrative reform, simplifying procedures to timely dialogue to listen and support to remove obstacles, at the same time having more practical support policies on capital, taxes, and production premises for small and medium enterprises. The Provincial Business Association hopes to continue to receive attention and support from all levels of government so that businesses in the province can develop more and more, contributing to the overall growth of the local economy.