Creating momentum for local industry
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Recently, the province has implemented many synchronized solutions to support businesses in their growth, thereby creating momentum for local industrial development. |
In the planning and investment of infrastructure for industrial clusters, many new clusters have been formed and have initially been effective in attracting investment. Among them, Son Cam 1 Industrial Cluster, invested by TNG Investment and Trading Joint Stock Company, is a typical example. Officially put into operation in 2020, Son Cam 1 Industrial Cluster has attracted 13 secondary investment projects, with an occupancy rate of over 45%; a total leased land area of over 58 hectares, and a total registered investment capital of over 8,726 billion VND. The investment projects here operate in the fields of textile and garment supporting industries, precision mechanics, manufacturing electronic components, packaging, construction materials, pharmaceuticals, and mineral processing.
Ms. Nguyen Thi Thu Trang, Director of Cosmic Light Co., Ltd. (in Son Cam 1 Industrial Cluster), said: "With the advantage of a convenient location and synchronously and modernly invested infrastructure, we chose this industrial cluster to invest in building a printing service factory and a nail polish chemical production factory. After more than half a year of implementation, the printing service factory has been put into operation with an average capacity of 50,000 products/month, creating jobs for nearly 30 workers, with an average income of 8 million VND/person/month. The nail polish chemical production factory (with a design capacity of 120 tons/year) is being accelerated in construction, striving to be completed and put into operation in June 2025."
In the work of administrative procedure reform, the province has simplified and digitized many administrative procedures in the fields of business registration, construction licensing, tax, land, environment...
Mr. Pham Van Quang, Chairman of the Thai Nguyen City Business Association, assessed: "Currently, all activities such as tax declaration, payment, and refund are carried out electronically, contributing to creating maximum convenience for businesses. Besides, many administrative procedures have been significantly improved, such as shortening the time for business registration from 3 days to 2 days, the time for appraisal of investment policy approval dossiers reduced from 35 days to 10 days, and the time for construction licensing reduced from 75 days to 60 days..."
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Regarding business support policies, the province has implemented the Project "Supporting small and medium-sized enterprises to improve competitiveness in the 2021-2025 period" and initially brought about clear effectiveness. |
Regarding business support policies, the province has implemented the Project "Supporting small and medium-sized enterprises to improve competitiveness in the 2021-2025 period" and initially brought about clear effectiveness. This includes supporting business households to transform into businesses, expand their operations, and improve their competitiveness.
Besides the above policies, associations and business associations in the province also play an important role in accompanying and supporting member businesses. The form of "buying from each other, selling to each other" has become a practical activity, bringing bilateral benefits and strengthening the spirit of cooperation in the business community.
Mr. Pham Thai Son, Director of CNT Group Joint Stock Company (Thai Nguyen City), shared: "As a long-term member of the Thai Nguyen City Business Association, we clearly feel the care, regular connection, and proactiveness of member businesses, especially in supporting each other in product consumption. Currently, about 50% of CNT Group Joint Stock Company's revenue - equivalent to over 150 billion VND/year - comes from customers who are members of the City Business Association."
In the coming time, the province will continue to focus on completing the infrastructure of industrial parks and clusters, improving the quality of administrative procedure reform, and expanding business support policies in a flexible, practical, and appropriate manner to meet actual needs. The goal is to build a transparent and dynamic investment environment, thereby attracting more investors, contributing to the sustainable development of local industry, and making an increasing contribution to the socio-economic growth of the province.
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