On the afternoon of December 24, Mr. Vuong Quoc Tuan, Chairman of the Thai Nguyen Provincial People’s Committee, chaired a meeting and working session with the HQ Group (China) regarding plans to expand investment in Thai Nguyen.
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| Delegates of HQ Group (China). |
At the meeting, Ms. Chen Xiaorong, Deputy General Director of HQ Group, stated that the Group highly appreciates the investment environment in Thai Nguyen Province. To meet growing global demand, HQ Group has worked with provincial specialized agencies to promote an investment project to expand production on an area of approximately 15 hectares, with a total estimated investment capital of USD 400 million, six times larger than its existing project at Yen Binh Industrial Park.
After completing procedures for the issuance of the investment registration certificate and land handover, the construction and completion of factory facilities are expected to take between 12 and 15 months.
The Group expressed its wish for provincial support in selecting a convenient location close to its current facilities, directing relevant agencies to coordinate in accelerating investment procedures in accordance with regulations, and, once operational, continuing to receive preferential policies related to high-quality human resources as well as more favorable operating conditions.
Speaking at the meeting, the Chairman of the Provincial People’s Committee committed to creating the most favorable conditions, prioritizing prime locations, and applying the maximum preferential policies to enable the HQ Group project to be implemented as soon as possible. He also expressed his expectation that this would become a model project in terms of implementation speed and investment efficiency in the locality.
On this occasion, the Chairman respectfully invited the leadership of HQ Group to attend the Thai Nguyen Provincial Investment Promotion Conference, scheduled to take place on January 5, 2026.
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