According to the Master Plan for the Northern Midland and Mountainous Region (2021-2030, towards 2050), Thai Nguyen province has been identified as a key growth pole in the Northeast and the entire region. This strategic direction is being actively pursued through specific policies and actions.
Thai Nguyen holds a strategically vital position as a gateway and economic-social exchange hub between the Northern Midland and Mountainous Region and the Red River Delta. |
Potential, strengths, and strategic location
With its advantageous position, Thai Nguyen has great potential to become a logistics center, a comprehensive tourism-commercial service hub, and a center of high-quality education and healthcare in the region. According to Associate Professor Dr Tran Dinh Thien, former Director of the Vietnam Institute of Economics, "Thai Nguyen possesses all the necessary elements to become one of the key economic regions in the Northern Midland and Mountainous Region and the country as a whole..."
In addition to its strategic location, Thai Nguyen boasts rich and diverse mineral resources with over 200 mining sites, providing favorable conditions for developing metallurgical and mining industries.
Moreover, Thai Nguyen possesses clear land for industrial, tourism, and service development, high-quality human resources, modern and synchronized transportation system, and is one of the country's top three education and training centers...
Trina Solar Energy Development Co., Ltd produces photovoltaic cells and solar panels. |
Comprehensive and sustainable development
Thai Nguyen province has vigorously promoted reforms in investment and business environments, becoming an attractive destination on the national investment map. To date, the province has attracted 212 FDI projects with a total registered capital of over 11.146 billion USD, including major investors such as Samsung Group, Dongwha Group, Hansol Electronics Group, and Trina Solar Group... In the first half of 2024 alone, the province attracted 482.8 million USD in FDI and over VND 4,000 billion in domestic investment.
Thai Nguyen has concentrated its efforts on mobilizing resources to build a modern and synchronized transportation infrastructure system and industrial zones and clusters. Currently, the province has planned 11 industrial zones, 1 concentrated information technology zone, with a total area of 4,245 hectares; 41 industrial clusters with a total area of 2,067 hectares.
In addition, the province is accelerating the implementation progress of key projects and works that promote regional connectivity and linkages among provinces in the region.
With the determination and efforts of the Party Committee, government, and people, Thai Nguyen has transformed its potential and advantages into driving forces for development, making breakthroughs, and affirming its position as an economic spearhead of the Northern Midland and Mountainous Region.
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