Echoes from early spring meetings
(Baonghean) - In order to promote investment attraction in Nghe An province, in recent years, Nghe An Provincial People's Committee has coordinated with the Party Committee of the Central Enterprises Bloc and the Bank for Investment and Development of Vietnam to co-organize the Investment Promotion Conference and Meeting with Investors on the occasion of the New Year. This initiative has become a festival for investors every time Tet comes and Spring comes.
(Baonghean) - In order to promote investment attraction in Nghe An province, in recent years, Nghe An Provincial People's Committee has coordinated with the Party Committee of the Central Enterprises Bloc and the Bank for Investment and Development of Vietnam to co-organize the Investment Promotion Conference and Meeting with Investors on the occasion of the New Year. This initiative has become a festival for investors every time Tet comes and Spring comes.
For three consecutive years, the meeting between investors at the beginning of the New Year has been attended and directed by Deputy Prime Minister Nguyen Sinh Hung (now Chairman of the National Assembly). The conferences have attracted the participation of many strong domestic enterprises and resulted in many projects being signed investment commitments, opening new pages in investment cooperation between enterprises and Nghe An province and becoming a traditional festival for investors returning to Nghe An - the homeland of President Ho Chi Minh, National Liberation Hero, World Cultural Celebrity.
From the agreement signed at the Investment Promotion Conference
Remember, at the Spring Investment Promotion Conference of Ky Suu 2009 chaired by comrades: Nguyen Sinh Hung (Member of the Politburo, Permanent Deputy Prime Minister of the Government), Vo Duc Huy (Member of the Party Central Committee, Secretary of the Party Committee of the Central Enterprises), Tran Bac Ha (Chairman of the Board of Directors of the Bank for Investment and Development of Vietnam) and representatives of leaders of more than 100 economic groups, corporations, and enterprises that have invested in Nghe An.
There have been 31 cooperation agreements signed, including: 1 Agreement in principle signed between the Party Committee of the Central Enterprises Bloc, the Standing Committee of the Nghe An Provincial Party Committee on coordination in leading and directing the implementation of the committed contents. After one year of implementation, the timely and effective coordination between the three agencies has had a positive impact on the socio-economic situation of Nghe An; 1 Agreement in principle of joint investment signed between the People's Committee of Nghe An province and 16 economic groups and corporations; 1 Agreement signed between the People's Committee of Nghe An province and Vietnam Airlines Corporation on opening the Vinh - Hanoi - Vinh flight route. Vietnam Airlines Corporation officially opened the flight route on May 19, 2010 with a frequency of 5 flights/week; 18 Agreements signed between the People's Committee of Nghe An province and corporations, corporations and enterprises on investing in 21 projects/19,198 billion VND of registered capital.
Of which, the Bank for Investment and Development of Vietnam participated in signing 5 capital funding agreements for 5 investment projects; 4 Social Security Support Agreements/66 billion VND of funding for 4 districts of Nam Dan, Ky Son, Tuong Duong and Que Phong; 6 Capital Funding Agreements signed between the Bank for Investment and Development of Vietnam and enterprises (in total, BIDV signed 11 Agreements in principle with corporations and groups on funding for 13 projects/16,851 billion VND of investment capital).
In particular, the Social Security Project in Ky Son district sponsored by the Bank for Investment and Development of Vietnam has completed its 2009 plan to eliminate temporary housing for households in the district. This shows that the responsibility of enterprises is not only about paying taxes, but more importantly, doing good charity work and social work for the community, demonstrating the investor's heart and pioneering role with strong cultural characteristics.
Next, at the Spring Canh Dan 2010 Investor Meeting, 7 projects/6,500 billion VND of registered capital were signed between Nghe An Provincial People's Committee and investors. At the Spring Tan Mao 2011 Investor Meeting, 10 agreements to implement 10 projects were signed between Nghe An Provincial People's Committee and investors with a total registered capital of 12,886 billion VND; 1 Social Security agreement for new rural construction funded by BIDV with a capital of 10 billion VND.
In addition, the Bank for Investment and Development of Vietnam
Mr. Nguyen Van Do - Director of the Department of Planning and Investment said: After each Conference, Nghe An province has actively coordinated with the Party Committee of the Central Enterprises Bloc, the Bank for Investment and Development of Vietnam, and enterprises with projects signed commitments to organize implementation. The People's Committee of Nghe An province has issued decisions on assigning tasks of presiding and coordinating to departments, branches, sectors and localities in the province to monitor and urge investors to implement projects that have signed investment cooperation agreements.
Accordingly, there are reports on the implementation status every month and quarter. Up to now, most investors and the Provincial People's Committee have coordinated to implement the projects committed at the conference. The above projects have created a breakthrough in attracting investment, creating a great change in the socio-economic development of the province.
However, due to economic difficulties, there are still some projects and agreements that are behind schedule. Among the projects and agreements at the Spring Investment Promotion Conference of Ky Suu 2009, there are 2 projects that are still behind schedule and need to continue overcoming difficulties in 2012 to implement them; 7 projects are officially not implemented because investors have withdrawn due to market fluctuations...
Nghe An with its advantages of land potential, terrain with sea, plains, mountains, many types of abundant minerals and special attention from the Central and the Government is becoming a destination for investors. The initiative to meet investors in the first days of the new year is a message of Spring, considering this as an effective implementation of the direction of the Central and the Government to prevent economic recession.
By choosing to invest in Uncle Ho's hometown, businesses and investors have clearly demonstrated their pioneering responsibility in realizing Uncle Ho's wish during his lifetime, to soon turn Nghe An into the most prosperous province in the North. The problem is that the province needs to continue to create trust for investors to unblock capital flows, attracting more investment projects with large capital and efficiency.
Thu Huyen
