Choosing investors: who will help the province develop sustainably?

Thursday, 5/9/2019 - 09:57

Although there have been positive signs recently about the number of investors coming to Tuyen Quang (10 investment projects with a registered capital of over VND 172.4 billion in 2019), the authorities are still careful in the selection of those investors on the purpose of minimizing "forever lasting projects".


Factory workers at Tuyen Quang Garment Factory, Khuon Rang village, Phuc Ung commune (Son Duong).


A number of projects are being prepared to exploit tourism potentials in some tourist sites of Tuyen Quang province such as My Lam mineral spring, Tan Trao special national monument, etc

At the end of June, Vingroup Corporation has just started the project of public recreation, entertainment and resort area in My Lam Mineral Spring Resort.

FLC Group was approved by the province to establish the project plan for Son Duong Resort, Sports and Entertainment District located in Tu Thinh and Minh Thanh communes.

There are some other outstanding projects such as Trung Mon new tourist area (Yen Son district); Thai Long eco-tourism, entertainment, sports, and tourism area, Chung Jye Leather Shoe Factory project (Ham Yen) and Mavin Group's (Na Hang) aquaculture project.

"Some investors decided to invest because they had rights to access the information they need" said Do Trung Kien, Director of the Provincial Investment Promotion Center. “Images from satellites or drones will be sent to investors in advance so they can easily visualize future projects. At the beginning of 2019, four enterprises officialy confirmed to cooperate”.

In order to ensure sustainable development, four criteria were set by the government: clean and advanced technology; reputable and capable enterprises, stable output markets, reasonable wages for workers. To accomplish the 4 criteria above, the Investment Promotion Center has to learn more about investors who are interested in starting their business in the province.

At the same time, the government also concerned about land encroachment situation. Some requirements have been made to limit the above situation, which is forcing the enterprise to list in detail the items it will build.

According to calculations, above projects will create jobs for at least 14 thousand laborers.

Tuyen Quang has currently made efforts to improve the business investment environment, with the goal of becoming an attractive destination for investors.


Translation: Phuong Thao
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