New breakthrough in calling for investment attraction

(Baonghean) - In recent years, Nghe An has identified investment attraction as the key lever for local socio-economic development; thereby strongly improving the investment and business environment; focusing on calling for investors, corporations, large groups with strong brands at home and abroad to invest in the area. At the same time, the success of enterprises and investors when investing and doing business in the province is considered a common success in the cause of socio-economic development...

A consistent and unified viewpoint in the direction and management of the provincial leaders is set out: "In order for Nghe An to develop its economy quickly, comprehensively and sustainably, and soon become a fairly good province in the Northern region, the task of strongly improving the investment environment, focusing on attracting domestic and foreign investment, focusing on developing a number of industries with high science and technology content and added value; developing supporting industries, clean industries, energy saving, environmentally friendly industries, etc. is both a top political task and a breakthrough solution that needs to be prioritized for implementation in the coming time".

Nghi Thiet port construction. Photo: CL

The investment attraction results of 2016 are a concrete proof of the above comments, the whole province has granted 141 new projects, with a total investment capital of 35,441 billion VND. Among them, there are many large projects, using high technology that have been put into effective operation, creating many jobs and contributing a large amount to the budget, such as: MDF Wood Factory of May Forestry Joint Stock Company; 2 Hoa Sen Steel Plants of Hoa Sen Group; Song Lam 1 and Song Lam 2 Cement Plants of The Vissai Cement Group; Animal Feed Plant; Beef and Breeding Cattle Plants and Masan Northern Food Technology Center of Masan Group; Mavin AustFeed Animal Feed Plant of Mavin Group; Hi-Tex Korean Garment Factory; Chain of more than 10 hotels of Muong Thanh Group; Vinpearl Cua Hoi Hotel, Entertainment Complex and Resort Villas of Vingroup Group, etc.

In particular, the VSIP Nghe An Industrial, Urban and Service Park project of the Vietnam - Singapore Industrial Park Joint Venture Company Limited and the WHA Hemaraj Industrial and Urban Park Project in the Southeast Economic Zone of the Joint Venture of Hemaraj Group (Thailand) and Traffic Construction Corporation 4 are being urgently implemented.

In addition, many important infrastructure projects such as airports, seaports, transportation, electricity, water, telecommunications, etc. have been and are being invested in upgrading and connecting synchronously by the province, to continue to best support investors to effectively implement projects in the province.

The province's investment promotion activities in 2017 are focused on attracting high-tech industrial projects, supporting industries, electronic component manufacturing, and smart software and service products; investment projects in the field of high-tech agriculture. In-depth, modern investment, improving management efficiency for mineral exploitation and processing projects associated with resource and environmental protection. Developing electricity and water production and distribution industries in a modern direction.

Focus on building the Southeast Economic Zone into a multi-industry, multi-functional economic zone and worthy of being a key coastal economic zone of the country, with the core being to attract secondary investors to VSIP Nghe An Industrial, Service and Urban Zone; WHA Hemaraj Industrial and Urban Zone in the Southeast Economic Zone. Strive for the goal in 2017 to attract investment into Nghe An province of about 100 projects with registered capital of 30,000 - 35,000 billion VND, mainly calling for strong investment in FDI of about 10,000 - 12,000 billion VND, creating new jobs for about 13,000 - 15,000 workers.

To achieve the above goals, Nghe An province has made important changes in thinking, innovative ways of approaching and calling for and attracting large, branded domestic and foreign investors, providing full and timely mechanisms and investment incentive policies of the Central and local governments; gradually reviewing and building a clean land fund to be ready to hand over land to investors when needed.

At the same time, develop investment promotion plans and programs that are in line with the orientation of industries, fields, and areas that need to focus on calling for investment. Focus on training human resources and high-quality human resources for major projects in the province. Build a team of professional investment promotion and support staff through the establishment of the Investment Promotion and Support Center under the Provincial People's Committee. Create a favorable investment and business environment to develop enterprises, put enterprises at the center of development, build an administrative apparatus that serves, creates, is honest, truly stands side by side with enterprises, and does a good job of on-site investment promotion so that investors can feel secure in producing and doing business effectively and sustainably in Nghe An.

Nguyen Van Nam

(Deputy Director of Nghe An Investment Promotion and Development Center)