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Home / Investment / Opportunities
Thai Nguyen prioritises FDI in supporting industries
14:30, 2016/01/24
Northern Thai Nguyen province will give priority to foreign direct investment (FDI) in supporting industries, a move to add more suppliers for the Samsung facility and other major consumer goods projects in the locality.
The province also plans to revoke licences of delayed projects and finish the construction of basic infrastructure in its key industrial parks – Yen Binh, Diem Thuy and Song Cong I and II. 
 
A view of northern Thai Nguyen city
A view of northern Thai Nguyen city
It has mobilized more than 5.1 trillion VND (227.6 million USD) in investment to develop infrastructure in these industrial parks. Four industrial parks - Song Cong I, Diem Thuy, Yen Binh and Nam Pho Yen -, each have at least one residential area for workers and people who relocated for the construction of these projects. 
The combined export turnover from all firms operating in the province’s industrial parks was 17 billion USD in 2014, while their domestic sales totalled 5 trillion VND (223.2 million USD). They also paid over 2.5 trillion VND to the State coffer last year. 
The development of these industrial parks has given a push to service industries, particularly banking, telecommunication and logistics, while creating jobs for thousands of workers from 32 cities and provinces in northern Vietnam. 
Thai Nguyen is now home to six industrial parks – Song Cong I, Song Cong II, Nam Pho Yen, Yen Binh, Diem Thuy and Quyet Thang – where 134 projects landed, including 62 FDI projects, providing jobs for 81,000 labourers.
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