Điện Biên creates favorable environment for businesses and investors

ĐBP - To attract investment, Điện Biên province has actively pursued administrative reforms in recent years, fostering a transparent and favorable investment climate.

Leveraging its inherent potential alongside appealing incentive policies, Điện Biên has emerged as a destination that captures the attention of numerous businesses eager to explore and devise investment strategies.

In May 2024, a ground-breaking ceremony for the Mường Thanh Luxury Điện Biên Hotel project was started, marking the second hotel by the Mường Thanh Group in Điện Biên Phủ city. Following the province’s support in finalizing paperwork and securing land clearance, the project received investment and construction approval. Slated to begin operations in the second quarter of 2025, the hotel promises professional service infused with the distinctive hospitality of the Northwestern region. To instill confidence in the company for long-term investment, the province has streamlined construction permitting processes and aided the enterprise in accessing resources and planning information, accelerating the project’s timeline.

The Mường Thanh Luxury Điện Biên Hotel project remains on track.

Lò Văn Chính, Deputy Head of the Mường Thanh Luxury Điện Biên Hotel Project Management Board, shared: “Throughout the project’s execution, we have consistently received support from local authorities and agencies. They first assisted us in completing legal paperwork and procedures to expedite the deployment process. During construction, whenever we faced challenges or delays, local officials and relevant bodies promptly engaged with us to resolve issues, enabling us to maintain momentum. This step-by-step support enhances the quality of accommodation services, meeting the growing demands of tourists visiting Điện Biên.”

Currently, Điện Biên is rolling out a “one-stop-shop” mechanism to streamline dossier processing, offering convenience to businesses and investors. Procedures such as business registration, investment licensing, and other administrative tasks have been digitized to boost transparency and reduce time. To maximize support, the province has established information channels allowing investors easy access to preferential policies and opportunities. Electronic portals managed by departments and units provide comprehensive, transparent data, earning praise from many businesses for the provincial government’s partnership during project implementation.

Streamlined administrative processes enable faster project deployment, cutting time and costs. Pictured: The new urban residential area project north of Hoàng Văn Thái - Khe Chít Road in Điện Biên Phủ city nears completion.

Nguyễn Quang Ân, Director of Điện Biên Construction Joint Stock Company No.2, noted: “Recently, Điện Biên has been incredibly proactive in supporting businesses, particularly by cutting down administrative red tape. This allows us to roll out projects faster, saving both time and costs - a major advantage that reassures companies investing here.”

Looking ahead to 2025, Điện Biên aims to attract 10 to 12 projects across diverse sectors, including agriculture-forestry, cultural and resort tourism, commercial services, processing industries, and energy. Agriculture-forestry serves as the bedrock, construction as the driving force, and tourism as the spearhead economic sector propelling the province forward. Investment projects prioritize efficiency, sustainability, and environmental friendliness. The province also invites investors to contribute to a robust real estate market, adopt cutting-edge technology, and integrate science into production. Notably, Điện Biên is promoting investments in high-tech agriculture and clean produce adhering to VietGAP and GlobalGAP standards, aiming to deliver quality goods for domestic and export markets.

Projects across the province stay on schedule, bolstered by efficient mechanisms and policies.

Nguyễn Phi Sông, Director of the provincial Department of Finance, explained: “In recent years, Điện Biên has rolled out numerous incentives to draw businesses and investors. Key among them are tax and land lease support policies. We have reduced corporate income taxes for projects in agriculture, processing, and tourism, while offering lower land lease rates in the early operational years to ease financial burdens. Alongside this, we are heavily focused on slashing administrative hurdles and speeding up investment approvals to benefit enterprises. With its strengths and incentives, Điện Biên is well-positioned to attract both domestic and foreign investors to its production and business landscape.”

Through bold administrative reforms, enticing investment policies, and untapped potential, Điện Biên is unlocking fresh opportunities for the business community. The provincial government’s collaboration in advancing infrastructure, tourism, and trade lays a vital foundation for the region to become a compelling investment hub in the near future. Investors and businesses arriving in the province find not only promising prospects but also steadfast governmental support and an increasingly refined, transparent investment environment.

Quang Hưng
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Vibrant patriotic emulation movements

    Vibrant patriotic emulation movements

    SOCIAL AFFAIRS -
    ĐBP - Amid the nationwide focus on the upcoming Party congresses at all levels and the 14th National Congress, the enthusiasm for patriotic emulation has spread throughout the province. In the border district of Nậm Pồ, Điện Biên province, all government agencies, units, and localities are filled with a spirited atmosphere of emulation, marked by action-oriented slogans, practical deeds, and the highest political determination.
  • 'Concerns about keeping children safe this summer

    Concerns about keeping children safe this summer

    SOCIAL AFFAIRS -
    ĐBP - As the summer season arrives, there has been a growing concern over the increasing number of accidents involving children, affecting their health and safety. It is crucial for all levels of government, organizations, and families to focus on accident prevention to ensure that children have a safe and productive summer break.
  • 'Điện Biên makes efforts in controlling low-quality goods

    Điện Biên makes efforts in controlling low-quality goods

    BUSINESS -
    ĐBP - In recent days, the issue of counterfeit goods, low-quality products, and food with unclear origins has gained significant attention, especially after a series of incidents involving the sale, transportation, and storage of such goods. In Điện Biên province, the provincial Department of Health conducted inspections and concluded that 8 facilities were in violation, forcing them to destroy more than 200kg of goods and food with unclear origins.
  • 'Challenges in identifying forest owners

    Challenges in identifying forest owners

    BUSINESS -
    ĐBP - The policy of paying for environmental services (PES) has brought significant benefits to forest owners, helping to motivate people to participate in forest protection efforts. However, the process of reviewing and determining forest areas, identifying forest owners, and creating payment maps remains a challenge, affecting the PES process.
  • 'Summer school: Who really wants it - parents or children?

    Summer school: Who really wants it - parents or children?

    SOCIAL AFFAIRS -
    ĐBP - For many past generations, summer used to be a cherished time, a season of flying kites, swimming in rivers, or simply sleeping in without worry. But in today’s fast-paced world, summer vacation for students seems to be shrinking, or vanishing altogether, thanks to a rising trend: summer tutoring.
  • 'Điện Biên consolidates Party organizations in enterprises

    Điện Biên consolidates Party organizations in enterprises

    NEWS - POLITICS -
    ĐBP - In order to enhance the Party’s leadership in all aspects of social life, the province has identified the development of Party organizations and members in private enterprises outside the state-owned sector as an important task. This has been implemented with a variety of coordinated solutions.
  • 'Welcoming heroic martyrs home

    Welcoming heroic martyrs home

    NEWS - POLITICS -
    ĐBP - In a solemn atmosphere, officers, soldiers, and people of all ethnic groups gathered to respectfully hold a memorial and burial ceremony for the remains of Vietnamese volunteer soldiers and experts who fell in Laos. The ceremony took place at the Tông Khao National Martyrs’ Cemetery.
  • 'Điện Biên promotes administrative reform to attract investment

    Điện Biên promotes administrative reform to attract investment

    BUSINESS -
    ĐBP - Administrative reform is a key factor in building a government that serves and creates a favorable business environment for people, businesses, and investment. In recent years, the Điện Biên provincial People’s Committee has implemented synchronized measures to effectively carry out administrative reform tasks, contributing to improving the effectiveness of attracting investment.
  • 'Tightening administrative discipline and civil service ethics

    Tightening administrative discipline and civil service ethics

    NEWS - POLITICS -
    ĐBP - Administrative discipline, civil service ethics, and public servant conduct are key elements in building a clean and efficient government. Recently, Mường Ảng district, Điện Biên province has implemented various measures to tighten discipline and improve the attitude, work practices, and professionalism of civil servants, which has contributed to enhancing the effectiveness of state management, improving service to the public, and driving local economic and social development.
  • 'Over 1,000 students participate in Children’s Olympic Day 2025

    Over 1,000 students participate in Children’s Olympic Day 2025

    CULTURE - TOURISM -
    ĐBP - On the afternoon of May 26, at the Victory Monument of Điện Biên Phủ, the Điện Biên provincial Department of Culture, Sports and Tourism, in collaboration with the Vietnam Olympic Committee, organized the Children’s Olympic Day 2025 program. The program was attended by Trần Văn Mạnh, General Secretary of the Vietnam Olympic Committee.
  • 'Shining with youthful spirit

    Shining with youthful spirit

    NEWS - POLITICS -
    ĐBP - On the solemn occasion of the 135th anniversary of the birth of President Hồ Chí Minh, youths of Điện Biên provincewere filled with joy as four exemplary individuals from the province were honored at the 8th National Congress of Outstanding Youths Following President Hồ Chí Minh’s teachings. These individuals are shining examples not only because of their outstanding achievements but also because of their pioneering spirit, enthusiasm, and silent dedication, ready to contribute their youthful energy to building the homeland and the country with their hearts and aspirations.
  • 'Điện Biên Phủ city embraces cultural identity to foster sustainable urban tourism

    Điện Biên Phủ city embraces cultural identity to foster sustainable urban tourism

    CULTURE - TOURISM -
    ĐBP - As a pivotal center for the economic, cultural, and social development of Điện Biên province, Điện Biên Phủ city is home to a rich trove of historical significance, traditional cultural heritage, and distinctive natural landscapes. These assets provide a strong foundation for the city to evolve into a regional hub for cultural, historical, and eco-tourism in Northwestern region of Vietnam. Amidst rapid urbanization, the city has chosen to preserve its unique identity as a path to sustainable tourism development.
  • 'Điện Biên: Driving license exam conducted seriously and transparently

    Điện Biên: Driving license exam conducted seriously and transparently

    SOCIAL AFFAIRS -
    ĐBP - Since the transfer of state management duties over driving license examinations and issuance to the Ministry of Public Security, on May 25, the Traffic Police Division of the Điện Biên provincial Police Department and related units organized the first examination for the A1 motorcycle driving license in the province. The exam was assessed to be conducted seriously, marking a clear shift in management, testing, and licensing at the local level.
  • 'Focusing on dissemination ahead of Party congresses at all levels

    Focusing on dissemination ahead of Party congresses at all levels

    NEWS - POLITICS -
    ĐBP - In preparation for the Party congresses at all levels for the 2025 - 2030 term, leading up to the 15th Điện Biên provincial Party Congress and the 14th National Party Congress, the Farmers’ Association of Điện Biên Phủ city has implemented a wide range of practical and comprehensive dissemination activities to raise awareness among all members. This aims to create unity in understanding and action, as well as foster a spirited emulation movement to welcome the congresses.