Based on those orientations and lessons, Thai Nguyen province has promoted administrative reform and improved the Provincial Competitiveness Index (PCI); directing departments, branches and localities to facilitate the settlement of administrative procedures to serve investment projects quickly and neatly. At the same time, regularly dialogues and worked with investors to solve arising difficulties and problems, and soon put projects into operation.

Vincom Plaza Thai Nguyen Trade Center

Currently, in Thai Nguyen province, there are 690 valid investment projects using non-budget capital of enterprises with a total registered capital of over 122 trillion dong. For foreign direct investment (FDI), the province has granted 05 new projects, total registered capital is over 50 million USD, performed investment capital is over 80 million USD.

Thai Nguyen was, is and will be the convergence of large economic groups.

Industrial field

First of all to be mentioned is Samsung Group with the investment project of Samsung Thai Nguyen Hi-tech Complex in Yen Binh Industrial Park (Pho Yen Town). The project has an investment capital of 6.23 billion USD. Every year, Samsung Thai Nguyen exports about 24 billion USD, creating jobs for over 70,000 workers.

 For Masan Group - the unit investing in exploiting and processing Vonfram at Nui Phao mine (Dai Tu) has also made a great contribution to the province's economy. In 2020, the Company's net revenue reached 7.291 billion VND, contributed 1.478 billion VND to the state budget. The company has supported 2.36 billion VND to implement 48 community development projects with 1.100 beneficiary households.

Nui Phao polymetallic mine production and processing factory

Most recently, the Provincial People's Committee awarded the Decision to establish Tan Phu 1 and Tan Phu 2 Industrial Clusters in Pho Yen Town and Luong Son Iindustrial Cluster in Song Cong city with a total area of 165.5 hectares, invested capital about $800 million for Saigon Telecommunication & Technologies Joint Stock Company (SAIGONTEL).

TNG Investment and Trading Joint Stock Company is a unit specializing in manufacturing, trading and exporting garment and fashion items. The company currently has 13 garment factories, including 257 sewing lines, 2 auxiliary factories, 1 representative office in New York (USA), 1 joint venture company. TNG is ranked in "TOP 500 largest enterprises in Viet Nam", "TOP 10 largest enterprises in Vietnam's textile and garment industry".

Traffic and urban development

In addition to using state budget capital, Thai Nguyen province has flexibly and creatively mobilized many non-budget resources for transport and urban development. Typical projects are: Bac Son Extension Road, connecting Thai Nguyen City with Nui Coc Lake National Tourist Area invested by Xuan Truong Private Enterprise with a total investment of over 2.000 billion VND; Project of residential area combining trade and service - Thai Nguyen City of Vingroup Group Joint Stock Company with registered investment capital of over 500 billion VND; The project of urban housing, social housing, commercial center, service and landscape architecture of DANKO Group Joint Stock Company, is planned on a total area of nearly 50 hectares in Cao Ngan Commune (Thai Nguyen City). Crown Villas project of Thai Hung Trading Joint Stock Company has a total investment of more than 2.100 billion VND, with a scale of 35.42 hectares, designed according to the model of "City in city" in Thai Nguyen City, is an urban area according to 5-star living standards with high quality services and synchronous utilities.

High-tech production

Trina Solar Energy Development Plant Project (China) and Messer Hai Phong - Thai Nguyen 2 Industrial Gas Production Plant Project (Federal Republic of Germany) in Yen Binh Industrial Park (Pho Yen Town) has been awarded the Investment registration certificate by the Provincial People's Committee. These are two projects in the field of high-tech manufacturing, which, when put into operation, not only create jobs for over 2.000 workers but also significantly increase the industrial production value of the province. Specifically, the Trina Solar Energy Development Plant Project has a total investment of 4.750 billion VND, with a scale of 16.25 hectares. This is a project specializing in the production of solar batteries and smart energy solutions, with an operating capacity of 256.3 million products/year. Messer Hai Phong - Thai Nguyen 2 Industrial Gas Production Plant Project, specializing in the production of liquefied industrial gas, has a total investment of more than 535 billion VND, designed capacity of 5,000 Nm3/hour, scale of 3.73 ha. Phase 1 is expected to deliver products right in the second quarter of 2021.

Thai Nguyen has been decided by the Prime Minister to add Yen Binh concentrated information technology park to the general plan of the country's centralized information technology zone with an area of over 200 hectares. Thai Nguyen province is actively implementing the steps of project formulation and investor selection. This is a favorable condition for Thai Nguyen to continue to attract investment projects applying high technology, serving the requirements of fast and sustainable development.

Tourism, commercial services development

In April 2021, Go! Thai Nguyen of Central Retail Group has officially come into operation in Thai Nguyen City. The project has a total area of ​​36.000 m2, a total investment of 540 billion VND and becomes the largest commercial center and supermarket project of the Group in Viet Nam. The project not only contributes to creating a modern urban space but also gives Thai Nguyen people new shopping, entertainment and culinary experiences, contributing to socio-economic development.

Go! Thai Nguyen of Central Retail Group

Another highlight is the 5-star international resort resort of Nui Coc Lake in Tan Thai commune (Dai Tu) invested by Flamingo Holding Group Joint Stock Company, with an area of ​​22.5 hectares, total investment capital of 2.538 billion VND. The project is implemented in 5 years (2020 - 2025), including 50 single-family villas with 2-3 floors; commercial complex, service, high-rise hotel; yacht service dock…

It can be seen that, more investors coming to Thai Nguyen province is also an opportunity to promote businesses in the province to grow, thereby helping to comprehensively improve the lives of the people of ethnic groups in the province; contribute to build Thai Nguyen into one of the modern industrial economic centers of the Northern Midlands and Mountains and the Hanoi Capital Region in  2030.