Scene of the working session

Representative of Lioa Electrical Equipment Co., Ltd. expressing the company's desire to invest in Thai Nguyen

At the working session, a representative of Lioa Electrical Equipment Co., Ltd. stated that the company currently has 5 active factories with 2025 revenue of approximately VND 7,000 billion, and expects continued growth in 2026. Commending Thai Nguyen Province’s investment environment, the company’s representative noted that the province’s decisive leadership, the support of departments and agencies, and the comprehensively developed industrial park and cluster infrastructure are among Thai Nguyen’s standout advantages. On this basis, the company expressed its desire to relocate both factories with a combined capacity of approximately 54,000 tons of products per year to Thai Nguyen to expand production and business operations.

Representative of the Management Board of Thai Nguyen Industrial Parks reporting on the actual conditions of the two factories the company wishes to relocate to Thai Nguyen

Based on prior surveys and assessments, the Management Board of Thai Nguyen Industrial Parks concluded that the factories are professionally built and well-equipped, with integrated production lines, a high level of automation, and quality products. Once operational in Thai Nguyen, the factories would not only contribute to the local budget but also help develop a supporting industrial ecosystem, supplying ancillary products to businesses inside and outside the province.

Vice Chairman of the Provincial People's Committee Duong Van Luong expresses commitment to continue accompanying and providing maximum support to investors throughout project implementation and production and business operations, creating a favorable, transparent, and sustainable investment environment

Speaking at the working session, Comrade Duong Van Luong, Vice Chairman of the Provincial People’s Committee, emphasized: With the goal of becoming a modern industrial hub, Thai Nguyen Province has focused on planning and comprehensively developing its system of industrial parks and clusters, with many industrial parks already operating effectively. Land clearance has received strong public support; infrastructure investment is carried out under the principle of “completing infrastructure as land is handed over.” The province has also paid particular attention to developing integrated transportation infrastructure connecting industrial parks, ensuring a stable power supply to support businesses’ production and business activities. The implementation of support mechanisms such as the “24-Hour Green Lane” and “60% Green Lane” in handling administrative procedures has helped reduce processing times and created favorable conditions for investors.

Affirming the principle of placing businesses at the center of service and always viewing business development as the driving force behind local development, the province pledged to continue accompanying and providing maximum support to investors throughout project implementation as well as production and business operations, creating a favorable, transparent, and sustainable investment environment. Vice Chairman of the Provincial People’s Committee Duong Van Luong assigned the Management Board of Thai Nguyen Industrial Parks to closely coordinate with the investor in selecting investment locations and to help the investor navigate administrative procedures so that projects can be implemented and become operational as soon as possible.