Son La province has been implementing many solutions to support businesses and improve the investment and business environment; in particular, focusing on implementing Resolution No. 68 of the Politburo, creating an important impetus for the sustainable development of the private economy in Son La.
Son La province has over 3,900 businesses with a total registered capital of over 70,700 billion VND, mainly operating in the construction, trade, agriculture, and tourism sectors. The province's private sector contributes 55% of GRDP, 60% of budget revenue, and creates jobs for 110,000 workers. However, more than 80% of small and micro-enterprises have limited capital, unevenly distributed human resources, and weak linkages; some support policies have not been effective.
Son La province is implementing various solutions to support businesses and develop production and business activities.
Over the years, Son La province has actively improved its investment environment, supporting businesses in accessing tax exemptions and reductions, land use fee reductions, providing advice on establishment procedures, and encouraging household businesses to convert into enterprises. From 2022 to the present, provincial departments and agencies have advised and supported investment procedures for 75 project dossiers, completed land procedures for 2 projects, and assisted 24 investors in surveying and seeking investment opportunities in the province…
Son La aims to have over 5,000 businesses by 2030, attracting more than 50,000 workers.
In particular, implementing the resolutions of the Politburo, the National Assembly, and the Government on the development of the private economy, Son La province has issued an action plan with the goal of having over 5,000 enterprises by 2030, attracting more than 50,000 workers, with an average income of 9-10 million VND/month; improving the quality of operations of private enterprises, striving for this sector to contribute at least 8% to the GRDP and 25% to the total provincial budget revenue each year, with total revenue for the period 2025-2030 reaching at least 9,414 billion VND.
Son La also aims to establish a number of large-scale enterprises with reputable brands both domestically and internationally; build leading enterprises in key industries; and develop sustainable value chains in processing industries, agriculture, services, and tourism with competitive capabilities.
Many businesses are investing in the tourism sector, exploiting the potential and advantages of Son La.
A transparent and open investment environment has created favorable conditions for the rapid and sustainable development of the private sector, making a positive contribution to GRDP growth, budget revenue, and job creation for workers.