Resolution No. 68 of the Politburo has helped remove bottlenecks to private-sector development. Pictured is the H’Mong Village Resort, developed by H’Mong Village Investment and Tourism Development JSC in Can Ty Commune
A Major Contributor to Growth and the State Budget
By the end of 2025, Tuyen Quang had nearly 6,200 operating enterprises, including 24 wholly foreign-owned companies with total registered capital exceeding VND 92 trillion. The province is also home to more than 1,600 cooperatives (including people’s credit funds), with combined registered capital of around VND 4.6 trillion. These enterprises and cooperatives are primarily active in trade and services, industry and construction, as well as agriculture, forestry and fisheries.
In addition, nearly 30,000 registered household businesses are operating across the province, spanning a wide range of scales and sectors.
In forestry processing, An Hoa Paper JSC, based in Binh Ca Commune, stands out as a flagship enterprise and a leading driver of local industry. Since its establishment, the company has contributed hundreds of billions of dong annually to the state budget while providing stable employment for local workers. In 2025, it reported revenue of more than VND 2.8 trillion, paid over VND 125 billion in taxes, and employed more than 800 workers.
In the northern part of the province, H’Mong Village Investment and Tourism Development JSC has emerged as a bright spot in tourism infrastructure investment. Its H’Mong Village Resort has earned a series of prestigious accolades, including “Best Green Hotel in Vietnam 2025,” “ASEAN Green Hotel,” and “Outstanding Green Resort.” Each year, the resort welcomes tens of thousands of domestic and international visitors, creates jobs for dozens of local workers, and plays an important role in strengthening Tuyen Quang’s tourism brand on the international stage.
Leveraging the province’s metallic mineral potential, Ha Giang Mechanical and Mineral JSC is a major player in antimony mining and processing. With more than 30 years of development, the company has become a standout in the local industrial sector, contributing hundreds of billions of dong to the state budget each year and providing employment for over 100 workers, with average monthly incomes exceeding VND 20 million per person.
In practice, the private sector has made a substantial contribution to both budget revenues and GRDP growth. According to the provincial Business Association, non-state enterprises contributed more than VND 3.48 trillion to the state budget in 2024, accounting for around 49% of total revenue, with contributions in 2025 estimated at over VND 3.5 trillion. Over the past two years, the sector’s contribution to GRDP growth has consistently reached 36–37%.
Beyond production and business activities, private enterprises have also played an active role in social welfare initiatives, poverty reduction, new rural development, and support for remote and ethnic minority areas, contributing to the province’s broader sustainable development goals.
Standing with Businesses
Despite steady growth in both number and scale, most enterprises in the province remain small and medium-sized, with limited financial capacity. Gaps persist in management skills, technological capabilities and integration into value chains. Access to credit, land, production sites and market information continues to pose challenges, while the effectiveness of support policies remains uneven. In some sectors and localities, administrative reform has progressed more slowly than expected.
Acknowledging these constraints, at a recent meeting with the business community, Mr. Phan Huy Ngoc, Chairman of the Provincial People’s Committee, reaffirmed that Tuyen Quang is committed to standing alongside businesses and creating the most favorable conditions for their development, viewing business success as inseparable from the province’s own progress.
In implementing Resolution No. 68 and Action Program No. 06, the provincial government has identified key priorities: Raising awareness of the private sector’s role; fostering an open, integrity-based and development-oriented government–business relationship; advancing institutional reform; and creating a transparent investment environment. The province aims to cut at least 30% of the time and costs associated with administrative procedures related to production and business activities.
At the same time, efforts are being stepped up to refine support mechanisms for private enterprises, particularly small and medium-sized ones; encourage household businesses to transition into formal enterprises; enhance governance capacity, innovation and the application of science and technology; and invest in socio-economic infrastructure, especially transport networks and industrial parks and clusters.
These measures began to yield positive results in 2025. Across the province, 814 projects were approved for investment in principle, with total registered capital exceeding VND 139 trillion. Of these, 532 projects have been completed and put into operation, including 25 projects funded by 24 wholly foreign-owned investors.
Resolution No. 68 of the Politburo on private-sector development has been identified as one of the four breakthrough resolutions, the “four strategic pillars” - guiding the country into a new era of development. Its spirit is being implemented in a manner aligned with local conditions in Tuyen Quang, helping to unlock new momentum for private-sector growth and laying the groundwork for faster and more sustainable economic expansion.
Nguyen Thanh Hieu
From a Vietnamese article n Tuyen Quang online
