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 created favorable conditions for 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 reached 290,000 tons, exceeding the plan by 10,000 tons, with revenue reaching VND2,700 billion. The company also created stable jobs for nearly 1,000 local workers, with an average income of VND7 million per person per month or more.

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

The export garment factory of Seshin VN2 Company Limited 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 export agricultural production and processing factory of JW Korean Agricultural Products Company Limited in Phuc Ung Industrial Cluster (Son Duong) was completed and put into use, opening up opportunities for people to consume agricultural products. Mr. Truong Van Hung, Manager of JW Agricultural 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 VND46 billion, which has come into operation, contributing to promoting the circular chain of links between the factory - cooperative - farmers, opening up a new direction in the field of processing vegetables, tubers and fruits for export to the markets of Korea and Japan. At the same time, the factory is also creating jobs for more than 300 local workers.

Creating favorable 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, building e-government towards digital government of Tuyen Quang province, period 2021 - 2025, orientation to 2030.

Thanks to that, 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 is 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 will continue 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, the number of newly established enterprises in Tuyen Quang has increased significantly. 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 VND35,000 billion. In addition, the province has 16 new cooperatives, bringing the total number to 606 cooperatives, with a total capital of nearly VND2,400 billion.

In the period of 2021 - 2024, Tuyen Quang has approved investment policies for 72 projects with a total registered capital of over VND31,165 billion. Up to now, the province has approved 394 projects with a total registered capital of over VND74,800 billion, of which 292 projects have been completed and put into operation, with a total investment capital of over VND28,129 billion. 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, etc.

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 4 component indexes of the Provincial Green Index (PGI) to have good scores nationwide, with a score of over 23.3 points; Over 350 new enterprises were established, bringing the total number of enterprises in the province to over 3,000.

To achieve the above goal, Tuyen Quang province, together with departments, branches, sectors, and People's Committees of districts and cities, proactively researched, reviewed, and urgently resolved difficulties, obstacles, and inadequacies that enterprises encountered in investment and business activities; improved the quality of the list of conditional investment and business sectors and business conditions; removed bottlenecks, developed breakthrough solutions in institutions, incentive policies and mechanisms to attract, transfer, and master high technology, new technology, and advanced technology; innovated specialized management and inspection of goods and effectively deployed the National Single Window Portal and the Provincial Administrative Procedure Information System; promoted administrative procedure reform; reduced and simplified administrative procedures; Strengthening the application of information technology, interconnection, and data sharing among state agencies to improve the quality of administrative procedure settlement. At the same time, improving the quality of business development services; organizing inspections and examinations of enterprises, etc.

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 at the same time promote the strong development of the local business community.