The presence of Samsung and a series of big brands has been and will have plan to invest in factory construction in Thai Nguyen such as: MASAN Group, FLC, Tan Hoang Minh, SAIGONTEL, TMS, TNG, VinGroup, T&T Group, Flamingo Holding Group , Central Retail… increasingly affirming the attractiveness of this “promised land”.
The attractiveness of Thai Nguyen
The modern transportation system
Thai Nguyen is an important intersection point when it is only about 50 km far from Noi Bai International Airport, about 160 km far from Hai Phong port, it adjacent to Vinh Phuc, Bac Ninh, Bac Giang provinces…, with a system of roads and railways, the fan-shaped riverway connects with the provinces in the region. According to experts, owning a modern transport system and synchronous infrastructure connection will be a lever to help Thai Nguyen become one of the most developed economic regions in the country.
To be ready to welcome the investors and factory construction projects in Thai Nguyen, in recent years, the province has promoted infrastructure construction. The system of highways, national highways and modern roads helps to shorten the time when moving from Thai Nguyen to Noi Bai International Airport, Hanoi capital, to international border gates in the North and to Hai Phong port. Currently, the province is urgently investing in expanding and upgrading DT 266 road connecting Phu Binh district with Pho Yen town, Song Cong city, passes through industrial zones/clusters, facilitating the transportation of goods and attracting investment.
Favorable investment environment
Actively creating a favorable investment environment has helped Thai Nguyen become one of the largest investment attraction localities in Vietnam. The province ranks 11th out of 63 provinces and cities on the Provincial Competitiveness Index (PCI) 2020 and is the leading province in the Northern mountainous region.
Thai Nguyen’s highly-regarded indexes are always a trio of indexes that are of interest to long-term investors, including: Safety from legal institutions, the pioneering role of government leaders and workforce training.
Attracting FDI investors and factory construction projects in Thai Nguyen
Up to now, Thai Nguyen has attracted 139 foreign direct investment (FDI) projects with a total capital of $8.7 billion. According to a report of Thai Nguyen Provincial People’s Committee, in the first 10 months of 2021, in the province, there are 14 FDI projects that have been granted new investment certificates with a total registered investment capital of over 110 million USD, most of the economic growth targets have met and exceeded the set plan.
98.6% of FDI capital into the province is concentrated in the field of processing and manufacturing with high technology. In recent years, the province has been in the top of the country in terms of export turnover, especially in the group of electronic components, smartphones, and garments…
Since Samsung Group (Korea) selected Thai Nguyen to build their world’s largest manufacturing plant, the electronics industry and supporting industry have grown strongly in the province, with 150 small and medium-scaled projects, gradually fill up the Yen Binh I.z, Diem Thuy I.z, Song Cong I.z… The presence of a series of big brands that are planning to invest in factory construction in Thai Nguyen such as Trina Solar (China) , Messer (Germany), … more affirming the attractiveness of Thai Nguyen.
With experience as a Design – Build General Contractor for factory construction and M&E system in Thai Nguyen and many northern provinces, DELCO is ready to consult and provide construction solutions for factory construction, industrial electromechanical system construction, helping investors to optimize costs and ensure production efficiency.
Information source: Thai Nguyen E-Newspaper, Management Board of Industrial Parks of Thai Nguyen Province