Nghe An: New issuance for 106 investment projects

Promote connection, invite

In the face of fierce competition among localities in the region, in recent times, all levels, sectors and localities of Nghe An have made great efforts in investment promotion. Currently, the province has also promptly reviewed, adjusted and supplemented many policies, innovated approaches and directed strongly to improve.business investment environmentin an open and most favorable direction for businesses and investors. Through the synchronous implementation of solutions, Nghe An has now become a regional center for food processing, forestry processing, construction materials production, cement, etc.

Groundbreaking ceremony of Goertek Factory project at WHA Industrial Zone 1. Photo: Pham Bang

In 2021 alone, as of November 30, the province has granted new licenses to 106 projects and adjusted 118 investment projects with a total newly granted and increased capital of VND 28,072.80 billion; an increase of 41.33% in the number of projects and 2.92 times higher in the total registered investment compared to the same period in 2020. Many large and new corporations and investors have come to explore investment in Nghe An province such as Nha Trang Bay Construction Investment Joint Stock Company, APEC Group, Huali Group, Mobifone Group, Zuru Group, Viettel Group, AEON Mall Group...

This is the result of efforts to improve the investment and business environment, and accompany businesses and investors by authorities at all levels, departments, branches and localities in the province.

However, it must also be recognized that, compared to the potential and advantages of the locality, attracting investors to Nghe An still faces many difficulties, and the effectiveness of the workinvestment promotionhas not yet met expectations; especially since the Covid-19 outbreak from early 2020 until now.

Recently, many large domestic and foreign corporations and enterprises have invested in Nghe An. Photo: Nguyen Nguyen

Mr. Hoang Vinh Truong - Deputy Director of the Center for Investment, Trade and Tourism Promotion of Nghe An province said: In the face of difficulties in attracting investment, thanks to the synchronous implementation of solutions, implementing the "dual goal" of both fighting the epidemic and developing the economy, investment promotion activities have also been innovated in a flexible direction, increasing the application of information technology and digital transformation.

Learn how to do it well

At a recent conference to exchange experiences on investment promotion, Ms. Vu Thi Kim Chi - Deputy Head of Quang Ninh Investment Promotion and Support Department shared a very practical approach. Accordingly, in Quang Ninh, the unit in charge of investment promotion has built a closed-loop investment promotion process, closely following the footsteps ofinvestorfrom the time of calling for investment until the investor decides to invest in the project in the area. At the same time, advise the province to establish a team to care for and support investors, regularly monitor, urge and report to the provincial leaders the progress of project implementation.

Investors come to learn about the investment environment in Hoang Mai. Photo: PV

In particular, Ms. Chi shared that Quang Ninh has built a set of documents and a list of priorities to attract specific and detailed investors, especially for demanding markets. Building a list of projects that are attractive enough for investors to consider. At the same time, always thoroughly research the market that you want to promote, including the economy and culture to convince the province in attracting and calling for investment.

Ms. Tran Thi Hue - Deputy Director of Northern Investment Promotion Center, DepartmentForeign investmentIt is believed that, given the complicated developments of the Covid-19 pandemic, FDI capital flows have shifted to a certain extent, and large investors have considered shifting capital flows to safe markets to diversify risks, including the Asian region.

To make major breakthroughs, Nghe An needs to urgently develop and announce an economic recovery plan and an opening plan that closely follows the new situation. Timely adjust overlapping and inappropriate regulations to effectively direct the prevention and control of the Covid-19 epidemic in the area, helping investors have a safe "environment" to develop production and business. In addition, proactively grasp and resolve proposals from businesses in the area.

People do procedures at the provincial public administration service center. Photo: Tien Dong

According to many experts, to improve the provincial competitiveness index (PCI), it is necessary to first improve the competitiveness of departments and branches (DDCI). This is a measure of local governance quality, which has a great impact on improving the PCI index. Therefore, it is necessary to build an internal evaluation system (organizational evaluation, staff evaluation) and external evaluation (effectiveness measurement). It is necessary to build a yardstick to evaluate the performance of departments and branches. Collect people's opinions, feelings and evaluations of state agencies through transactions, interactions, explanations, etc.