The province has carried out various promotional activities to highlight its investment attraction policies, showcase local products, and enhance the image and investment environment of Son La. It has also widely disseminated provincial planning and development strategies. Additionally, Son La has implemented comprehensive measures to make significant improvements in its Provincial Competitiveness Index (PCI) ranking in a sustainable manner. The province is determined to achieve breakthroughs by boosting lower-scoring indicators while maintaining and further enhancing those that have already attained strong scores and high rankings.

The province ensures full and transparent disclosure of business procedures, guaranteeing timely processing for both new business registrations and registration modifications, often completing them ahead of schedule. Efforts to promote and clarify business registration procedures have been intensified, particularly for enterprises operating in regulated industries. Additionally, Son La is effectively implementing online business registration, expanding the application of information technology in administrative processes, and providing comprehensive support and guidance for business procedures. The province is actively improving the interface, features, and accessibility of its electronic portal, continuously updating new information. Efforts are also being made to enhance the quality, utility, and attractiveness of the provincial web portal, ensuring that information on investment incentives, support policies, and business opportunities is promptly, accurately, and effectively communicated.

The province is actively promoting investment attraction efforts, targeting major domestic economic corporations and potential investors. Through these initiatives, Son La showcases key priority projects in sectors such as infrastructure development, transportation, agriculture, energy, commerce, tourism, and housing. To facilitate investment, the province regularly organizes meetings, conferences, and dialogues with businesses and investors involved in local projects. These engagements aim to address challenges, accelerate project implementation, and bring investments into operation as soon as possible. Additionally, Son La is enhancing the responsibility and quality of project appraisal, ensuring compliance with investment laws and related regulations. Investor financial capacity is thoroughly assessed to guarantee project feasibility. The province also prioritizes security and social order, fostering a stable political and business environment that allows enterprises to invest and operate with confidence.

Efforts to improve the business environment continue to be strengthened, with enhanced coordination in administrative procedures and the implementation of solutions to support businesses and investors by addressing challenges. In 2024, the province received and processed 2,168 business registration applications. Among them, 320 new enterprises and affiliated units were established, with a total registered capital exceeding 22.306 trillion VND, averaging 165.23 billion VND per business.

In 2024, Son La Province approved investment policies and investor selection for 14 new projects with a total registered capital of 1.737 trillion VND. Additionally, the total investment capital of four existing projects was increased by 85.43 billion VND. The province also attracted seven foreign direct investment (FDI) projects currently in operation, with a total registered capital of 153.6 million USD. These FDI projects span various sectors, including agricultural production, high-tech agriculture, mineral exploitation, and services. Furthermore, Son La has been reviewing a new investment proposal from Blackstone Minerals Limited (Australia) for the "Phù Yên high-tech deep processing plant" project, which aims to produce and process nickel.

In 2025, the province's investment promotion program will continue to be implemented in conjunction with measures to improve the investment environment and accelerate administrative reforms, contributing to enhancing the Provincial Competitiveness Index (PCI). Efforts will be made to improve investment attraction, particularly in foreign direct investment (FDI), playing a crucial role in promoting economic growth, restructuring the economy and labor force, and ensuring rapid and sustainable socio-economic development. The province seeks to attract investors with advanced and modern technologies, focusing on large-scale, high-quality, high-value-added, and competitive products that utilize environmentally friendly technologies. It will engage and encourage major corporations with strong financial and technological capabilities to invest in projects aligned with the province's strengths. Additionally, support will be provided to ensure that investors can implement their projects on schedule, swiftly commence business operations, and generate economic and social benefits while maintaining environmental and security standards.

Le Hong

Translated by Huyen Vu