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Tuyen Quang attracts investment in economic development

TQO - Over the past time, Tuyen Quang Province has actively innovated and diversified the contents of investment promotion activities in order to improve the quality of on-site investment promotion.

In the first 6 months of 2022, the province granted new establishment registration certificates to 149 enterprises with a registered capital of over VND1,397 billion. Up to now the province has 2,272 enterprises with a total registered capital of over VND24,840 billion (including 14 enterprises with 100% foreign investment capital). At the same time, the province has received 79 new applications for project implementation, approved 10 policies, with a capital of VND1,327.3 billion.

Since 2021, the province has attracted investment capital of over VND29,201 billion, equaling 58.4% of the target of the investment attraction scheme for the period of 2021 - 2025 (the target of attracting about VND50,000 billion). Many big investors have been creating jobs for local workers and increasing budget revenue in the province such as Vingroup, Dabaco, Muong Thanh, Vietnam Textile and Garment Group, Woodsland and many FDI projects from Korea, Taiwan, Hong Kong, China, Australia, Samoa, with a total registered capital of 210 million USD (equivalent to nearly VND5,000 billion).

Vice Chairman of the Tuyen Quang Provincial People's Committee Nguyen The Giang and leaders of Yen Son District as well as An Viet Phat Group surveyed the construction site of a hi-tech application agro-forestry industrial park in Phu Thinh Commune, Yen Son District.

To realise the target of investment attraction, on December 16, the Tuyen Quang Provincial People's Committee issued the Plan to implement the Investment attraction Scheme in the province in the 2021 - 2025 period. Accordingly, the province attracts VND25,000 billion to build urban areas and residential areas; VND9,000 billion for industry; VND5,600 billion for infrastructure development of industrial parks and clusters; VND5,300 billion for trade and tourism services; VND2,500 billion for sports; VND2,000 billion for agricultural production and VND970 billion for health, education and environment.

In particular, the province has created many practical mechanisms and policies to attract investment such as land policy, tax incentives, labour training, administrative procedure reform. To date, the province has 2 industrial parks and 6 industrial clusters.

With potentials, advantages and implementation solutions Tuyen Quang Province is gradually successfully attracting large corporations and enterprises, creating a new step in realising the goal of turning Tuyen Quang into a province which develop fairly, comprehensively and sustainably.

Trang Tam

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