Investment attraction: A bright spot in Son La's economic landscape

A highlight of Son La province’s economic landscape in 2025 are its achievements in attracting investment. During the year, the province approved 39 new investment project proposals with a total registered capital of over 22.1 trillion VND (839.3 million USD), marking a 12.7-fold increase compared to 2024. These projects have become a key driver of growth, significantly contributing to the restructuring of the provincial economy.

At the conference awarding the decision approving the investment policy and the investor approvals for the Dream Plastic Mai Son Factory project, owned by Dream Plastic Co., Ltd.

In 2025, amid an economic context still fraught with potential difficulties and challenges, Son La province investment identified attraction as one of the key pillars for sustaining growth momentum. The province directed departments, agencies, and localities to synchronously implement solutions to improve the investment and business environment. In addition to the 39 newly approved investment project proposals, the province also appraised and submitted for approval adjustments to 21 existing projects, with an additional capital increase of more than 1.03 trillion VND. These projects focus on sectors in which the province holds advantages, such as agro-processing, industrial manufacturing, footwear, and trade-services, ensuring alignment with planning, considerations of implementation, and socio-economic efficiency.

According to Hoang Van Van, Director of the Department of Finance, in 2025 the province placed strong emphasis on reviewing, adjusting, and supplementing planning schemes, strengthening coordination in handling administrative procedures, and promptly removing obstacles for enterprises. Investment, land, construction, and environmental procedures were reviewed and prepared. Through meetings aimed at resolving difficulties, many business proposals were received and addressed, clearly demonstrating the provincial government’s companionship and support for enterprises.

Workers at the banana processing plant of Musa Green Joint Stock Company in Muong Bu commune.

The effectiveness of investment attraction in 2025 is reflected not only in the number of approved projects, but also in the actual production and business performance of many projects. In Muong Bu commune, the banana processing plant of Musa Green Joint Stock Company began operations in the fourth quarter of 2025, forming value-chain linkages with local raw material areas. The plant creates jobs for 30-40 workers, with an average income of 6 million VND per person per month. Nguyen Van Tien, Director of the company, shared that during the project implementation process, the enterprise received strong support from provincial authorities in completing investment procedures and connecting raw material zones, enabling the company to operate.

At the Mai Son Industrial Park, the cassava starch processing plant of BHL Son La Food Raw Materials Processing Joint Stock Company has been completed and put into operation, with a capacity of 300 tonnes per day. The project has helped enhance the value of cassava, expand domestic and international markets, and create stable livelihoods for farmers.

The shoe factory of Yen Chau Shoe Joint Stock Company in Yen Chau commune provides employment for local workers.

In labor-intensive sectors, the shoe factory of Yen Chau Shoes Joint Stock Company in Yen Chau commune has demonstrated the effectiveness of investment attraction associated with job creation. With a capacity of nearly one million products per year, the factory employs hundreds of local workers. Lo Thi Kim Khanh, head of the sewing team, said that workers' initial average income reaches 5-7 million VND per month, with full insurance coverage and benefits provided.

In addition to projects already in operation, the province has granted investment policy and investor approvals for the Dream Plastic Mai Son Factory project of Dream Plastic Co., Ltd. (an FDI project), with a total investment of approximately 181 billion VND. The project aims to manufacture and process children's toys and plastic products, with a designed capacity of 20 million products per year, and is scheduled to commence operations in March 2026.

The province has also approved the Son La Cascara Instant Coffee Factory project of Son La Cascara Coffee Joint Stock Company, with a total investment of approximately 103 billion VND. According to its design, the factory will annually produce around 200 tonnes of Cascara tea, 500 tonnes of roasted and ground Cascara coffee, 3,000 tonnes of Cascara (dried coffee husks), and 300 tonnes of roasted and ground coffee.

The breakthrough in investment attraction in 2025 has confirmed Son La province’s position and innovative mindset. Newly approved projects and those already demonstrating effectiveness have helped expand development space and establish a solid foundation for Son La to attract further capital and promote sustainable economic growth in the years ahead.

Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Workshop seeks to promote Muong Chanh tourism

    Workshop seeks to promote Muong Chanh tourism

    NEWS - POLITICS -
    Muong Chanh commune, in coordination with Tay Bac University, on August 18 organised a workshop themed “Muong Chanh Tourism: Potential, Current Situation and Solutions.” The event was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Lo Minh Hung; leaders of several provincial departments and agencies, and Phieng Cam, Chieng Mai, Muoi Noi and Binh Thuan communes; as well as scientists, artisans, businesses and cooperatives in the localities.
  • '"Ve ban em" gameshow held in Huoi Mot commune

    "Ve ban em" gameshow held in Huoi Mot commune

    CULTURE -
    The Son La Newspaper and Radio-Television, in coordination with the provincial Culture and Sports Centre, organised the “Ve Ban Em” (Coming to my hamlet) gameshow in Huoi Mot commune on August 18. The programme attracted a large number of local residents.
  • 'Son La youth carry revolutionary legacy forward

    Son La youth carry revolutionary legacy forward

    SOCIETY -
    More than eight decades have passed since the success of the August Revolution in 1945, yet the unyielding revolutionary spirit kindled by the Party cell at Son La Prison continues to light the way, serving as an invaluable source of strength for the people of Son La and the wider Northwestern region, especially the younger generation. From that historic autumn to today’s autumn of peace, the legacy of the revolution continues to inspire young people with a profound sense of pride and gratitude, strengthening their faith in the revolutionary traditions and their love for their homeland and country.
  • 'Attractive gameshow promotes ethnic cultural identities

    Attractive gameshow promotes ethnic cultural identities

    CULTURE -
    The Son La Newspaper and Radio-Television, in coordination with the provincial Culture and Sports Centre, on August 17 organised the “Ve ban em” (Coming to my hamlet) gameshow in Bo Sinh commune. The event attracted a large number of local residents, creating a lively and cheerful atmosphere.
  • ' Bokeo delegation pays courtesy visit to Son La leaders

    Bokeo delegation pays courtesy visit to Son La leaders

    NEWS - POLITICS -
    A delegation from Laos’ Bokeo province led by Paenkham Boutchanpheng, member of the Central Committee of the Lao People’s Revolutionary Party, Secretary of the provincial Party Committee and Chairman of the provincial People’s Council, paid a courtesy visit to Son La provincial leaders on August 17.
  • 'Cooperatives help spur economic development in Chieng Son commune

    Cooperatives help spur economic development in Chieng Son commune

    BUSINESS -
    The collective economy is emerging as an important economic driver in the border commune of Chieng Son. The commune currently has six cooperatives operating effectively, with 78 members and providing regular employment for 68 workers. Average revenue stands at 1.3 billion VND (49,608 USD) per cooperative a year, while average annual income for workers is 80 million VND each.
  • 'Son La wraps up 2026 AI and shared data competition

    Son La wraps up 2026 AI and shared data competition

    NEWS - POLITICS -
    After one and a half days of intense competition, Son La province on August 16 concluded its 2026 competition on artificial intelligence application and use of the province’s shared data repository at Studio S350 of Son La Newspaper and Radio-Television.
  • 'Son La accelerates land database building

    Son La accelerates land database building

    NEWS - POLITICS -
    Vice Chairman of the provincial People’s Committee Nguyen Thanh Cong and a provincial working delegation on August 13 held working sessions with Mai Son and Ta Hoc communes to review progress in developing the land database.
  • 'Muong Bam advances sustainable agricultural production

    Muong Bam advances sustainable agricultural production

    BUSINESS -
    Returning to Muong Bam commune in late July, the changes across the highland area were evident in the vast green stretches of coffee plantations and fruit-growing hills. Support from the local Party Committee and authorities in production planning, access to capital, and technical transfer has helped residents transform their farming practices and gradually improve their incomes.