$4.4 bln 'flows' into northern Vietnam province Thai Nguyen

Thai Nguyen, a production base of Samsung in Vietnam, has secured investment commitments worth $4.4 billion at the start of 2026, as local authorities approved several large-scale projects.

At a provincial investment promotion conference held on Monday, Thai Nguyen leaders granted licences to 10 projects with total registered capital exceeding $1 billion. The projects span key sectors including industry, infrastructure, urban development, and social housing.

They include the RQ project in Van Xuan ward, the first phase of the Tay Pho Yen Industrial Park in Phuc Thuan ward and Thanh Cong commune, the Proway and Dowooinsys Vina projects in Bach Quang ward; and the TNG Viet Bac social housing project.

The conference also saw the signing of MoUs for 24 other projects, with total pledged capital of nearly $3.3 billion.

In addition, Thai Nguyen called for investment in 60 more projects, including 15 industrial parks, 21 industrial clusters, 13 golf courses, two expressways, and nine urban area and residential developments.

Officials said these large-scale projects are expected to play a key role in attracting strategic investors and promoting modern and sustainable industrial growth.

Speaking at the event, standing Deputy Prime Minister Nguyen Hoa Binh underscored the role of businesses in socio-economic development, saying Thai Nguyen has remained an attractive and safe destination for investors despite global uncertainties.

“Amid a volatile and unpredictable global economy, Thai Nguyen still recorded growth of 6.33% and budget revenue exceeding the central government target by more than 5%,” Binh said.

“The province has attracted $11.5 billion in accumulated investment, and the $4.4 billion secured at this conference further demonstrates the appeal of its investment environment and strong growth prospects.”

Addressing investors, Binh said choosing Thai Nguyen and Vietnam was a “wise decision”, offering what he described as a dual advantage of stability and breakthrough potential as the province emerges as a leading industrial and training hub.

He urged investors to pursue long-term and sustainable business strategies in Thai Nguyen, leverage the province’s workforce to move into R&D and innovation rather than focusing solely on processing and assembly, comply with the law, protect the environment, and improve workers’ living conditions.

Representing foreign investors, Samsung Vietnam CEO Na Ki-hong said that thanks to Vietnam’s consistent reform policies and stable investment environment, Samsung has grown into the country’s largest FDI investor, accounting for 14% of Vietnam’s total exports as of 2025.

Thai Nguyen hosts Samsung’s key production bases, including Samsung Electronics Vietnam Thai Nguyen (SEVT) and Samsung Electro-Mechanics Vietnam (SEMV), making it a strategic hub that helps drive the development of Vietnam’s electronics industry and export growth, he said.

Na Ki-hong added that beyond technology transfer, Samsung views growing alongside local communities as an important value. Since 2015, Samsung Vietnam has worked with the Ministry of Industry and Trade and provincial authorities to roll out programs supporting Vietnamese firms, including smart factory development and capacity building for supporting industries.

Samsung is also expanding initiatives to enhance Vietnam’s industrial competitiveness, such as operating the Samsung Innovation Campus to train high-quality information technology talent at the Vietnam National Innovation Centre (NIC), an entity under the Ministry of Finance.

Looking ahead, the CEO said Samsung would continue to actively support Vietnam’s policies on high-tech workforce training and digital transformation, while stressing the importance of policy predictability, a stable investment environment, and close coordination between central and local authorities.

Samsung will continue to pursue stable investment activities based on trust in the Vietnamese government and the authorities of Thai Nguyen province,” he added.

Thai Nguyen and Bac Kan provinces were merged in July to form the new Thai Nguyen.