Tuyen Quang (VNA) – Authorities of the northern province of Tuyen Quang on February 17 rolled out its 2025 investment promotion programme, setting its sight on attracting 10 trillion VND (400 million USD) in non-budget investment and establishing 395 new companies.

The programme encompasses a range of activities to make Tuyen Quang a hub of opportunities. Through a mix of market research, trend analysis, and strategic partnerships, the province expects to showcase its unique advantages, including a business-friendly environment, supportive policies, and untapped potential across multiple sectors. To ensure success, Tuyen Quang is building a comprehensive information system, creating promotional materials, and offering training courses to boost investment promotion capabilities. The goal is to foster collaboration both locally and internationally.

The programme concentrates on selectively attracting both domestic and foreign resources, improving the business environment, streamlining administrative procedures, and accelerating project implementation. By developing industrial parks and clusters, clearing land for clean land inventories, and improving infrastructure and human resources, Tuyen Quang is laying the groundwork for transformative growth in hi-tech agriculture, manufacturing, supporting industries, and tourism.

In the coming years, Tuyen Quang is dedicated to prioritising comprehensive development across various economic sectors, with industry as the primary driver, agriculture as the foundation, and services playing a supportive role.

In industry, the province will develop new industrial parks and clusters such as Nhu Khe – Doi Can, An Hoa – Long Binh An, Xuan Van, Ninh Lai – Thien Ke, with a focus on attracting investment in processing industries, renewable energy, construction materials, and hi-tech industries.

In agriculture, Tuyen Quang aspires to become a hi-tech wood processing hub, luring investments in smart agriculture and raw material production linked to the processing of oranges, tea, medicinal herbs, and forest carbon credits.

In the realm of services, especially commerce and tourism, investments will target tourism infrastructure in Tan Trao, My Lam, and Na Hang – Lam Binh cation facilities, alongside the development of shopping outlets, hi-end hotels, and modern healthcare and education facilities.

The province is also channelling all available resources into socio-economic infrastructure, particularly in transportation, urban development, and information technology, to enhance inter-regional connectivity. The emphasis is on attracting green investments associated with digital transformation, the circular economy, artificial intelligence, and renewable energy. Special attention is being directed toward forging partnerships with multinational corporations, aiming for large-scale projects with high value-added benefits.

Last year alone, Tuyen Quang successfully signed six international cooperation agreements, securing hi-tech projects from Germany, Japan, the Republic of Korea, and beyond. Additionally, 267 new businesses were established, and 24 cooperatives were licensed, bringing the total number of operating firms to 2,837. The province also launched 16 projects, notably a flooring production factory funded by Singapore in Yen Son district and Japan’s EREX SAKURA Tuyen Quang biomass fuel plant./.