Comrade Nguyen Duc Trung: Must change approach, accompany investors

On the afternoon of November 24, continuing the regular meeting of the Provincial People's Committee in November 2020, the Provincial People's Committee listened to and unanimously approved many important reports, draft Resolutions, and draft Decisions.

Comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee chaired the meeting. Vice Chairmen of the Provincial People's Committee, including: Le Hong Vinh, Hoang Nghia Hieu, Le Ngoc Hoa, Bui Dinh Long attended the meeting. Photo: Pham Bang

TOTAL INVESTED FDI CAPITAL INCREASED

Report resultsinvestment promotionand foreign economic development in 2020, the Department of Planning and Investment said that as of November 18, 2020, the whole province had newly granted 72 projects with a total registered investment capital of 7,707.11 billion VND. Of which, the province newly granted 10 projects/ 164.7 million USD for FDI projects (accounting for 13.89% of the number of projects and 49.15% of the total investment).

Compared to the same period in 2019, the number of projects attracting investment in the first 11 months of 2020 decreased, but the total registered investment capital increased by 20.5%. In addition, 89 projects were adjusted, of which 25 projects adjusted the total investment capital (increased by VND 7,403.13 billion). The total newly granted and increased capital was VND 15,110.24 billion.

In 2020, investment promotion was quite successful when signing investment Memorandums of Understanding with many potential domestic and foreign investors, expected to invest in 2021.

Director of the Department of Science and Technology Tran Quoc Thanh speaks. Photo: Pham Bang

Attracting large investors to invest in construction and business of industrial park infrastructure such as VSIP, WHA, Hoang Mai I,... has created an important premise to attract secondary projects to invest, produce and do business.

At VSIP and WHA Industrial Parks, 28 projects have been attracted, including 13 FDI projects. Although the number of FDI projects accounts for a low proportion (13.89%), the proportion in the investment capital structure is approximately equal to the domestic investment sector (accounting for 49.15% of the total registered investment capital).

IndexProvincial competitiveness(PCI), the Public Administration Reform Index (PARINDEX) and the Public Administration Performance Index (PAPI) in 2019 of Nghe An continued to increase. In particular, the PCI ranked 18th out of 63 provinces and cities nationwide and ranked 2nd in the good group, continuing to lead the North Central region for 3 consecutive years. This is the highest position ever of the province.

Director of the Department of Finance Nguyen Xuan Hai speaks at the meeting. Photo: Pham Bang

In 2021, Nghe An strives to attract investment into the province from 80-100 projects with a total registered investment capital of 20,000 - 25,000 billion VND, of which FDI capital is about 600 - 700 million USD. Total export turnover strives to reach 1.287 billion USD, of which goods export turnover reaches 910 million USD.

At the same time, maintain and continue to improve the Provincial Competitiveness Index (PCI) of Nghe An province, striving to rank 15-17th nationwide in 2021.

TURN FAITH INTO ACTION

After listening to the opinions of leaders and members of the Provincial People's Committee; comradeNguyen Duc Trung - Chairman of the Provincial People's Committee emphasizedstrong, 2020 has seen strong fluctuations due to the Covid-19 pandemic, so investment promotion and foreign economic development have had many changes. Despite many difficulties, investment attraction and promotion have had many bright spots.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa speaks at the meeting. Photo: Pham Bang

In 2020, the province switched to an approach of attracting investment and promoting direct investment through industrial park infrastructure investors. Thanks to that, the results of attracting foreign investors have been positive.

Agreeing with the tasks and solutions for 2021 stated in the report, the Chairman of the Provincial People's Committee further emphasized that departments and branches must change their approach in attracting investment with the view that togetheraccompany investors, considers serving and helping investors solve project implementation procedures as its duty.

Standing Vice Chairman of the Provincial People's Committee Le Hong Vinh spoke at the meeting. Photo: Pham Bang

“If the Provincial People’s Committee continues to follow this viewpoint, completing the goal in 2021 is completely feasible. We must have faith and that faith will turn into action. The Provincial People’s Committee’s viewpoint is that there must be breakthrough, strong, and specific solutions,” said the Chairman of the Provincial People’s Committee.

On the development of a Resolution to replace Resolution No. 26/2016 of the Provincial People's Council on a number of investment support policies in the province,comradeNguyen Duc Trung affirmed that it is very necessary. Because in the implementation process, some policy contents in Resolution No. 26 are no longer suitable to the actual situation and are not feasible.

Comrade Nguyen Duc Trung - Chairman of the Provincial People's Committee concluded at the meeting. Photo: Pham Bang

"The study to amend, supplement and replace the contents of Resolution No. 26 aims to create a more attractive investment environment, which is truly feasible in supporting investors when investing in the province," the Chairman of the Provincial People's Committee emphasized and requested the Department of Planning and Investment to complete the draft Resolution to submit to the Provincial People's Council for approval to build a policy mechanism.

At the meeting, the Provincial People's Committee unanimously approved the draft Resolutions to submit to the Provincial People's Council, including: Draft Resolution of the Provincial People's Council approving the settlement of state budget revenue in the area, settlement of local budget expenditure in 2019; Draft Resolution of the Provincial People's Council adjusting the estimate of state budget revenue in the area, local budget expenditure and budget allocation plan in 2020; Draft Resolution of the Provincial People's Council on extending the period of stabilizing the local budget for the period 2017-2020 to 2021; Draft Resolution of the Provincial People's Council approving the 5-year state budget financial plan 2021-2025 of Nghe An province; Draft Resolution of the Provincial People's Council amending and supplementing Resolution No. 02/2020 on policies, installation, operation of voyage monitoring equipment and service subscription fees for administrative monitoring equipment installed on fishing vessels with a length of 15m or more in Nghe An province; Draft Resolution of the Provincial People's Council stipulating the maximum collection level of service fees serving and supporting educational activities of schools for public educational institutions, and the collection level of enrollment services at all levels in Nghe An province; Draft Resolution of the Provincial People's Council on a number of specific mechanisms and policies on finance and budget for the development of Vinh city in the period 2021-2025.

The Provincial People's Committee unanimously approved: Report on the implementation of state budget revenue and expenditure in 2020, the construction of the state budget estimate in 2021 and the Draft Resolution of the Provincial People's Council approving the state budget revenue estimate in the province, local budget expenditure and local budget allocation plan in 2021; Report on the state budget financial plan for 3 years 2021-2023; Draft Decision of the Provincial People's Committee promulgating the coefficient for adjusting land prices in Nghe An province; Draft Decision of the Provincial People's Committee on the collection of fees for using sea areas for each activity of exploiting and using marine resources in Nghe An province in 2021; Draft Decision of the Provincial People's Committee promulgating the unit price of house and construction construction to determine the compensation and support price when the State reclaims land in 2021 in the province; The Draft Decision of the Provincial People's Committee specifies a number of policies to support the development of community tourism in Nghe An province in the period of 2021-2025; The Draft Decision of the Provincial People's Committee replaces Decision No. 34/2016 regulating the content, support level and management and use of funds to implement the Trade Promotion Program in the province.

Chairman of the Provincial People's Committee: Resolutely implement socio-economic development goals in 2021

(Baonghean.vn) - Pointing out the positive results, shortcomings and limitations in 2020, Chairman of the Provincial People's Committee Nguyen Duc Trung emphasized that the Provincial People's Committee will have drastic solutions to implement socio-economic development goals in 2021. And the most important task is still to improve the investment and business environment, attract investment and develop enterprises.