On February 15, 2025, the People’s Committee of Tuyen Quang Province issued its 2025 Investment Promotion Program, aiming to attract large-scale, high-tech projects. The program seeks to drive economic growth, create more jobs, and improve the quality of life for local residents.
Overcoming Challenges, Achieving Results
Despite various challenges in 2024—particularly the impact of Typhoon Yagi’s circulation—Tuyen Quang made notable strides in investment promotion. The province proactively organized external affairs activities, signed six international cooperation agreements, and attracted high-tech investment projects from countries such as Japan, South Korea, Germany, and others.
Notably, the opening of Tuyen Quang Tourism Year 2024 and the 3rd International Hot Air Balloon Festival significantly elevated the province’s profile and global visibility, helping to promote its image as an emerging destination.
Efforts to improve the business environment yielded results: 267 new enterprises and 24 cooperatives were established, bringing the total number of active businesses in the province to 2,837. Additionally, 16 investment projects were completed and put into operation during the year. Among them were two significant FDI projects: the EREX SAKURA biomass fuel plant from Japan and a flooring factory in Yen Son District invested by Singapore, both contributing high export value.
Challenges Remain, Solutions Underway
While progress has been made, the province continues to face several issues, including limited attraction of large-scale FDI projects, slow implementation of some investment initiatives, and underdeveloped industrial infrastructure.
Tuyen Quang Investment Promotion Center and Viet ISO JSC Sign Strategic Partnership to Promote Digital Tourism Development in 2024
The 2025 Investment Promotion Program is designed to mobilize domestic and foreign resources effectively, closely aligned with the policies of the Party, State, and central government. The province targets VND 10 trillion in non-budget capital and the establishment of at least 395 new businesses.
Key focus areas include: improving the business environment, streamlining administrative procedures, accelerating project implementation, expanding industrial zones, and clearing land for investment. The province also aims to develop infrastructure and human resources to attract projects in high-tech agriculture, supporting industries, processing and manufacturing, and tourism.
Strategic Economic Pillars: Industry – Agriculture – Services
Tuyen Quang plans to build a balanced and comprehensive economy centered around three key sectors:
- Industry: Develop new industrial zones and clusters, including Nhu Khe – Doi Can, An Hoa – Long Binh An, Xuan Van, and Ninh Lai – Thien Ke. Attract investment in processing industries, renewable energy, construction materials, and high-tech manufacturing.
- Agriculture: Position Tuyen Quang as a high-tech wood processing hub. Promote smart agriculture and raw material production linked to processing—especially in key products such as oranges, tea, medicinal herbs, and forest carbon credits.
- Services, Trade, and Tourism: Invest in tourism infrastructure at key sites such as Tan Trao, My Lam, and Na Hang – Lam Binh. Develop shopping centers, luxury hotels, healthcare, and modern education services.
Revamping Promotion Methods, Enhancing Partnerships
The 2025 program will implement a wide range of initiatives, including: market and partner research; brand building and promotional campaigns; investment facilitation and support; development of information systems and databases; creation of promotional publications; capacity-building through training; and enhanced domestic and international cooperation.
In a strategic move in 2024, the Tuyen Quang Investment Promotion Center signed a cooperation agreement with Viet ISO Joint Stock Company to boost digital tourism development—marking a step aligned with the province’s digital transformation and green economy agenda.
Green, Smart, and Sustainable Development as the Vision
Tuyen Quang prioritizes investment attraction aligned with green growth, digital transformation, circular economy principles, artificial intelligence (AI), renewable energy, and clean technologies. The goal is not only to drive economic growth but also to ensure balanced development, environmental protection, and improved living standards—toward building a dynamic, modern, and sustainable Tuyen Quang for the future.