Since the beginning of the year, Thai Nguyen has attracted nearly 7.77 billion USD in FDI, a sharp increase against the same period last year. In May, newly registered FDI capital was around 1.7 billion USD, thanks to enterprises expanding their current production. The province now has 246 valid FDI projects with total registered capital of more than 19 billion USD. The FDI sector continues to play a vital role in driving local economic growth, creating jobs for more than 93,000 workers, and making significant contributions to exports and local budget revenues.
Business and production activities in industrial parks have remained stable. In the reviewed period, total revenue reached approximately 16 billion USD, up more than 9% year-on-year. To create room for future development, the province is continuing to expand its industrial space, said Pham Manh Hung, Deputy Head of the Management Board of Thai Nguyen Industrial Parks.
“To achieve the province’s growth targets, the Project Management Board has added 20 new industrial parks, bringing the total number of industrial parks in the province to 37. In the second quarter of this year, we expect to grant new investment registration certificates for about 15 industrial parks. These projects will serve as an important driving force and create strong momentum for the province’s industrial development,” said Hung.
With its current growth momentum and the stability of spearhead manufacturing sectors, Thai Nguyen province continues to strengthen its position as one of the most dynamic pillars of industrial growth and investment attraction hubs in Vietnam’s northern midland and mountain region.
