Investing in and implementing projects in Son La province.

Over the past period, Son La province has strived to overcome difficulties, improve the investment and business environment, and open its doors to welcome investors. It has achieved certain results, attracting an increasing number of domestic investors to implement important and strategic projects in developing infrastructure, improving the quality of services and trade, and developing high-tech agriculture in the province. At the conference announcing the Son La Provincial Planning for the period 2021-2030, with a vision to 2050, the Son La Provincial People's Committee granted investment approval and investment registration certificates to eight investors representing various investors implementing projects in Son La province.

1. Detech Coffee Joint Stock Company: The Son La Arabica Coffee Plantation Project of Detech Coffee Joint Stock Company received investment approval from the Son La Provincial People's Committee, along with investor approval, in Decision No. 1388/QD-UBND dated August 1, 2023. The project aims to: build a sustainable, high-quality coffee raw material area linked to processing and product consumption; strengthen the sustainable connection between the enterprise and coffee growers; and create jobs and income for coffee growers participating in the production chain and intermediate services. The project has a total registered capital of VND 28 billion, with a coffee planting capacity, combined with purchasing and transporting coffee, totaling approximately 750 to 1,000 tons per year; implemented on an area of ​​151,080.5 m2. It is expected to be completed and operational from Q2/2024.

2. Musa Green Joint Stock Company: The project for preserving, processing, and producing agricultural products in Son La province was approved by the Son La Provincial People's Committee in Decision No. 1271/QD-UBND dated July 14, 2023, with the following objectives: To invest in the construction of a factory for processing and producing agricultural products in Son La province. To connect with cooperatives and households in Muong La district and neighboring districts of Son La province to consume agricultural products for local people. The project has a total registered capital of VND 15 billion, requires 2 hectares of land, and has a capacity of: Preserving agricultural products (bananas, mangoes, apples, longan, etc.): 4,000 to 6,000 tons/year; Producing banana fiber: 1,000,000 m3/year; Producing banana powder: an average of 5 tons of fruit/day. It is expected to be completed and operational from Q1/2024.

The leaders of Son La province presented the Decisions on investment policies and granted licenses.Investment registration certificate
for the representative of Son La Coffee Processing Joint Stock Company.

3. Son La Coffee Processing Joint Stock Company: The Son La Coffee Processing Plant project received investment approval from the Son La Provincial People's Committee, along with investor approval, in Decision No. 1179/QD-UBND dated July 1, 2023. The project aims to: build a processing plant for fresh coffee cherries and dried coffee beans to ensure stable development, improve economic efficiency and brand image of the raw material area; apply modern technology to production and processing to enhance the value of Son La coffee products; stabilize output and improve income for farmers, and create more jobs for local workers. The project has a total investment of 200 billion VND, requires 4 hectares of land, and has a production capacity of approximately 50,000 tons of fresh coffee cherries per year; producing approximately 12,500 tons of green coffee beans per year.

4. Vietnam Tea Corporation (Vinatea): The Moc Chau Tea Processing Plant Project was granted Investment Registration Certificate No. 0266744565 by the Department of Planning and Investment on January 16, 2024, with the following objectives: To build a tea processing plant to ensure stable development, improve economic efficiency and brand image of the high-tech tea growing area; to apply modern technology to production and processing to enhance the value of tea products; to stabilize output and improve income for farmers, and create more jobs for local workers. The project has an initial registered capital of VND 85 billion, requires 2.5 hectares of land, and has a production capacity of 125 tons of fresh tea per day, with production and business operations expected to be completed from the first quarter of 2026.

Provincial leaders presented the Decisions on Investment Policies and issued Investment Registration Certificates.

5. Tin Phat Phuc Son Co., Ltd.: The project for a factory producing and processing various types of footwear and related materials was granted Investment Registration Certificate No. 5875740215 by the Department of Planning and Investment on November 16, 2023, with the investment objective: Applying technology in the production and processing of raw materials related to the footwear industry, maximizing the utilization of available raw materials in the area for production with an investment scale of 200,000 pairs/year, and an initial registered capital of 20 billion VND. The project is expected to be completed and operational from the fourth quarter of 2024.

6. Minh Thuy Co Noi Livestock Company Limited: The Minh Thuy Co Noi high-tech pig farm project was approved by the Provincial People's Committee under Decision No. 1666/QD-UBND dated September 1, 2023, with the investment objective of applying high technology in livestock farming, improving land use efficiency, and meeting the food needs of people inside and outside the province. The investment scale is 32,400 pigs, with an initial registered capital of 286 billion VND. The project is expected to be completed and put into operation from the fourth quarter of 2024.

7. Phuc Anh Co., Ltd.: The Tay Tien Commercial Housing and Urban Infrastructure Project in Moc Chau town was approved by the Son La Provincial People's Committee in Decision No. 3235/QD-UBND dated December 24, 2021, and the winning bid was approved in Decision No. 2571/QD-UBND dated November 30, 2023, with the objective of: Building a residential area with integrated technical infrastructure, social infrastructure, and housing on a total area of ​​3.3 hectares according to the approved detailed plan, with a total of 99 houses (including 68 terraced houses and 31 villas) with completed exteriors. The project has a total investment capital of VND 253 billion and is expected to be completed and put into real estate business by Q3/2025.

8. Dong Que Real Estate Joint Stock Company. The Central Administrative Residential Area Project, Sub-district 14 (ODB land plot), Moc Chau town, was approved by the Son La Provincial People's Committee for investment and auction in Decision No. 3076/QD-UBND dated December 14, 2021, and the winning bid was approved in Decision No. 2572/QD-UBND dated November 30, 2023, with the objective of: Building a residential area with integrated technical infrastructure, social infrastructure, and housing with a total project area of ​​19,753 m2 according to the approved detailed plan, with a total of 51 houses (including 24 terraced houses and 27 villas) with completed exteriors. The project has a total investment capital of VND 173 billion and is expected to be completed and put into real estate business from Q1/2025.

Quoc Tuan