Selective FDI
From 2021 to 2025, the province approved 179 projects with total registered capital exceeding 56 trillion VND. To date, the province has granted investment policies and certificates to 819 non-budget projects totaling over 147.6 trillion VND - of which 722 projects are located outside industrial and economic zones, accounting for 88.15% with capital of over 139.3 trillion VND, while the remaining 97 projects operate within these zones, making up 11.85% with an investment of over 8.2 trillion VND.
The modern, integrated infrastructure of Thang Quan Industrial Cluster, designed to attract strategic FDI
During this period, the province has focused on selective FDI by improving the business climate, cutting red tape, and boosting trade promotion. Tuyen Quang now hosts 26 FDI projects from 25 firms with total capital exceeding 6.9 trillion VND (over 276 million USD). Among these, 23 firms are local registrants, while two are based outside the province. These projects align with local goals - driving production, creating jobs, and fueling exports, while steadily bolstering Tuyen Quang's appeal as a prime investment hub.
Partnering with Businesses
Key ventures from foreign firms and major domestic groups have steadily taken shape - including the Tuyen Quang Biomass Power Plant by Erex Tuyen Quang, Vingroup’s My Lam Resort, and Seshin VN2 and MSA-YB export garment factories (South Korea). Other notable projects include footwear production by Chung Jye (Samoa), PP packaging by Sung Lim Industry (South Korea), and audio equipment processing by Future of Sound Vina (Hong Kong), all fueling fresh momentum for local economic growth.
Workers at Hitarp Vietnam Co., Ltd. (Phuc Ung Industrial Cluster) produce tarpaulin for export
Tuyen Quang is pivoting toward eco-friendly industrial clusters, prioritizing high-tech and agricultural processing. This strategic focus is anchored by an expanding road network: the Tuyen Quang - Phu Tho link to the Noi Bai - Lao Cai route has been operational, while the Tuyen Quang - Ha Giang expressway is moving toward completion. With the final leg to the Thanh Thuy International Border Gate already underway, these vital links are fueling fresh growth momentum.
Reviewing past achievements and challenges at a late-March conference with foreign and domestic investors, Chairman of the Provincial People's Committee Phan Huy Ngoc affirmed that businesses remain the core driver of Tuyen Quang’s growth and competitiveness. The province’s strategy centers on a "One-Axis, Two-Pole, Three-Link, and Two-Corridor" framework. This approach signals a commitment to creating a comprehensive, plug-and-play ecosystem, unlocking new opportunities for FDI and out-of-province firms in sectors where Tuyen Quang holds a competitive edge.
Nguyen Thanh Hieu
Vietnamese source: Tuyen Quang online
