Thai Nguyen’s industrial parks attractive to investors
Industrial parks (IPs) in the northern province of Thai Nguyen drew 17 new projects in the first half of this year, including 13 foreign direct investment (FDI) ones.
Thai Nguyen (VNA) – Indu✨strial parks (IPs) in the northern province of Thai Nguyen drew 17 new projects in the first half of this year, including 13 foreign direct investment (FDI) ones, according to the provincial IP Management Board.
The figure brought the number of investment projects in Thai Nguyen to over 150, including 74 FDI projects and 77 domestic ones with total investment capital of 7 billion USD and 11.7 trillion VND (508 million USD), respectively.
From January to June, over 70 foreign business delegations, mainly from the Republic of Korea and Japan, came to study investment opportunities in the province.
According to the board’s statistics, IP-based firms in Thai Nguyen contributed over 3.7 trillion VND (160 million USD) to the State budget in the first six months of the year, an increase of 7.4 times against the same period last year.
The total export value of those enterprises in the period reached 8.62 billion USD, up 7.75 percent. The provincial industrial parks also created over 89,000 jobs, up 25 percent compared to 2015.
To attract more investment, the management board is focusing on completing procedures to build the infrastructure of the Song Cong II Industrial Park and accelerating the implementation of the second phase of Yen Binh Industrial Zone project, said Head of the board Phan Manh Cuong.-VNA
Industrial parks (IPs) have great potential for development in the domestic property market in the coming time, Savills Vietnam's recent report on industry zones said.
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The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
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Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
A corner of Thai Nguyen City (Source: Internet)
