Dong Thap reaps "sweet fruit" from attracting investment

Attracting investment and developing enterprises is identified by Dong Thap province as one of the important tasks in socio-economic development. With the synchronous implementation of many solutions to improve the investment and business environment and support enterprises, the province has reaped many "sweet fruits" in attracting investment. Many "big guys" have chosen the province as a destination for investment in production and business.

WHERE "BIRDS FALL IN GOOD LAND"

In order to promote socio -economic development, the province has recently focused on attracting investment. Many projects, after coming into operation, have made important contributions to the budget revenue and created jobs for the people.

Provincial leaders learn about production activities at Advance Tire Vietnam Co., Ltd.

Tan Phu Dong 1 Wind Power Plant Project and Tan Phu Dong 2 Wind Power Plant Project are two of many projects that the province is attracting investment in the 2020 - 2025 term. Of which, Tan Phu Dong 1 Wind Power Plant has a designed capacity of 100 MW and Tan Phu Dong 2 Wind Power Plant has a designed capacity of 50 MW, with a total investment of about 7,500 billion VND and has been put into use.

According to the leader of Tien Giang Wind Power Joint Stock Company, on average, each year, the two wind power plants contribute about 107 billion VND to the state budget. Currently, the investor of Tan Phu Dong 1 and 2 Wind Power Plants is continuing to invest in the Tan Thanh Wind Power Plant Project (with a designed capacity of 100 MW, electricity output of about 264 million kWh/year; total investment capital of 4,700 billion VND), implemented in Go Cong Dong commune, Dong Thap province; construction is expected to start in September 2026, completed around the end of 2026, at the latest in early 2027.

According to the Provincial People's Committee, in the first 6 months of the year, the province continued to strongly improve the investment and business environment under the direction of the Government , with the consistent motto "Accompanying businesses".

Many meetings and dialogues with the business community have been organized to listen, share difficulties, receive recommendations, and contribute to improving the investment environment.

The Provincial Party Committee issued Plan No. 207-KH/TU dated June 27, 2025 to implement Resolution No. 68-NQ/TW dated May 4, 2025 of the Politburo on private economic development, as a basis for synchronously implementing support solutions, facilitating the sustainable development of the private enterprise sector. At the same time, activities to support startups, improve corporate governance capacity, and reform administrative procedures continue to be promoted.

In the first 6 months of 2025, the whole province had 1,217 newly established enterprises with a total registered capital of more than VND 8,185 billion, reaching 75.3% of the yearly plan and increasing 57.8% in quantity and 47.8% in capital compared to the same period in 2024. In addition, 923 dependent units registered for new establishment, an increase of 75.5% over the same period; 286 enterprises returned to operation.

The number of newly established and resuming enterprises is 2.22 times higher than the number of dissolved and temporarily suspended enterprises, showing a strong trend of recovery and expansion of production and business.

By the end of June 2025, the whole province had about 11,843 operating enterprises, playing an increasingly important role in economic development, job creation and local budget collection.

The Tien Giang Province Trade and Service Center Project (now Dong Thap Province) is one of the projects that has recently been granted an Investment Registration Certificate. The project is located at Hung Vuong Square (Dao Thanh Ward) with a scale of over 3 hectares, including residential land and commercial land. The project was approved by the Provincial People's Committee for the first time in April 2024 and adjusted in September 2024.

In December 2024, Tay Bac Investment Group Joint Stock Company was recognized as the winner of the auction of land use rights to implement the project. On May 26, 2025, Tay Bac Investment Group Joint Stock Company transferred a part of the project in the commercial land area to AEON Vietnam Company Limited to build a commercial center.

The transferred area is about 2 hectares, with a total estimated investment capital of VND 1,155 billion. Currently, AEON Vietnam Co., Ltd. has started construction of this commercial area and is expected to be put into operation from the fourth quarter of 2026.

Along with new investment attraction projects, in recent times, many enterprises in the province have continued to invest in expanding production and business. This shows the trust of the business community in the government as well as functional sectors. Advance Vietnam Tire Co., Ltd. (Long Giang Industrial Park) under Quy Chau Tire Joint Stock Company started construction in December 2019. The total investment capital of the project is 615 million USD.

To date, the company has formed an industrial model oriented towards “commercial tires and passenger tires in parallel, global cooperation”. Phases 1 and 2 of the project have been completed and put into use. After about 5 years of operation, the company invested in expanding phase 3 in November 2024, with a total investment of 228 million USD.

According to a representative of Advance Tire Vietnam Co., Ltd., for phase 3, on July 10, 2025, the first tire was successfully produced. It is expected that the production line will reach its design capacity in June 2026.

A representative of Advance Tire Vietnam Co., Ltd. said: “In 2025, the company will achieve an estimated revenue of over 300 million USD, an increase of 18% compared to 2024, and reach 500 million USD in 2027. In phases 1 and 2 of the project, the company has recruited a total of 1,200 local workers. After phase 3 of the project comes into operation, it is expected to create about 500 new jobs, contributing to stabilizing the labor market in Dong Thap province and improving labor skills.”

“CREATE” AN IDEAL INVESTMENT AND BUSINESS ENVIRONMENT

In fact, the “sweet fruits” from attracting investment in recent times have contributed to promoting the socio-economic development of Dong Thap. Investment attraction has become a bright spot in the socio-economic picture of the province.

Investors report to provincial leaders about Tan Thanh Wind Power Plant Project.

Dong Thap continues to create a favorable investment and business environment, promoting the private economy to truly become an important driving force of the economy; continue to effectively implement solutions for enterprise development in 2025.

The key solution is to focus on strongly improving the investment and business environment towards transparency, openness and friendliness. At the same time, promote administrative procedure reform, support innovative startups, promote the transformation of business households into enterprises. Especially, improve the competitiveness and adaptability of enterprises to new market requirements.

In the first 6 months of the year, Dong Thap attracted 49 new investment projects, including 38 domestic investment projects with a total capital of over 17,006 billion VND and 11 FDI projects with a total capital of 163.5 million USD (equivalent to 4,095 billion VND).

At the same time, 16 projects registered to increase capital, with a total registered capital increase of about 4,198 billion VND.

The total investment capital attracted in the province reached over 25,301 billion VND, contributing significantly to growth and economic restructuring towards modernity and sustainability.

The province strengthens investment promotion and attraction with focus and key points. In particular, it promotes decentralization and delegation of authority in reviewing and approving investment policies, adjusting projects, approving investors and granting investment registration certificates for projects in accordance with the planning and development orientation of the province.

At the same time, strictly implement the investment deposit work, review and urge the progress of implementation of licensed projects; promptly remove difficulties and obstacles, and resolutely handle slow-progressing and ineffective projects.

Tan Phu Dong 1 Wind Power Plant Project and Tan Phu Dong 2 Wind Power Plant Project contribute about 107 billion VND to the state budget each year.

One of the important solutions is to organize dialogue activities and meetings with enterprises such as: Dialogue conferences between the Provincial People's Committee and the business community and investors to discuss, share, resolve difficulties and recommendations arising, contributing to building a friendly investment environment, supporting sustainable business development; increasing regular contact and exchange between state agencies and enterprises to build trust and a spirit of companionship in development.

With the motto "Creating and accompanying", Dong Thap will deploy working delegations to visit and work with industrial enterprises with investment and production projects put into operation in 2025, to record the achieved results, listen to proposals and recommendations and support to remove difficulties in the post-investment period. Thereby, contributing to improving the efficiency of production and business activities, creating jobs and actively contributing to the economic growth of the province.

Mr. THANH

Source: https://baoapbac.vn/kinh-te/202508/dong-thap-hai-trai-ngot-tu-thu-hut-dau-tu-1047842/