Thai Binh has undergone dramatic change, from a purely agricultural province specialized in rice cultivation to a leading attractive investment destination in the north, with its economic restructuring driven by a rapidly increasing share of industry and services. This achievement is importantly contributed by economic zones (EZs) and industrial zones (IZs) in investment promotion and attraction.
Thai Binh Investment Promotion and Development Support Center, which officially came into operation on April 1, 2022, has quickly stabilized its personnel, actively advised the Provincial People's Committee to coordinate relevant agencies and localities in investment, trade and tourism promotion and business support consulting in a bid to effectively help achieve the goal of making Thai Binh a favorable destination for domestic and foreign investors.
Thai Binh province has been striving to establish itself as a new growth hub in the Red River Delta, fostering a strong economy and a high quality of life as it embraces integration and development.
Effectively administering, exploiting and using natural resources, protecting the environment, strengthening administrative reform, and removing bottlenecks in land access are key solutions that the Department of Natural Resources and Environment of Thai Binh province is actively carrying out to build an enabling business environment, improving the Provincial Competitiveness Index (PCI) and enhancing investment attraction.
From a purely agricultural province renowned for “rice land” or “5-ton sister”, Thai Binh has made a breakthrough in the industrial sector with a high growth rate, creating a large source of revenue for the state budget in recent years. Industry is defined as one of the four main growth pillars.
By embracing integration trends with effective and creative approaches, Thai Binh has become a reliable and attractive destination for domestic and foreign investors.
The resolution of the 20th Thai Binh Provincial Party Congress (2020 - 2025 term) sets the goal of “developing tourism into an important economic sector of the province”.
With consistent, drastic, focused and critical solutions, Thai Binh province has achieved remarkable progress in administrative reform and improved the quality of services delivered to people and businesses.
With the continuous reception of large investors, including many high-tech industrial projects that are environmentally friendly, Lien Ha Thai Industrial Park (Green iP-1) has increasingly asserted its position as a key investment destination and turned Thai Binh into a “magnet” to attract green and sustainable investment.
As the second industrial park (after Lien Ha Thai) approved by the Prime Minister for establishment and licensed to be built in Thai Binh Economic Zone, Hai Long Industrial Park will be an attractive investment address, expected to give a strong facelift to socioeconomic development of Tien Hai district and create breakthroughs in investment attraction into Thai Binh province.
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