Nghe An: New movement in attracting investment

(Baonghean) - In recent times, with the efforts of the entire political system, especially the high determination of the provincial leaders, Nghe An's investment attraction has achieved many important results. Many famous investors with "huge" projects have chosen Nghe An as their destination; many large projects have come into operation, creating new capacity to promote economic growth in the province.

The "iron fists"

These days, the atmosphere at the Nghe An Investment Promotion and Support Center is busy. Large business delegations come and go from Nghe An province like shuttles to explore investment opportunities and environment. Today (August 9), nearly 60 Thai businesses came to Nghe An to explore the market and investment cooperation opportunities.

Last weekend, TMS Group - a multi-industry economic group, operating in the fields of: International human resource supply, education business, real estate, hotels, also came to Nghe An to survey and select investment locations. In particular, the area of ​​Vinh city, Cua Lo town includes the following projects: Codotel - Vinh TMS commercial service project; TMS - Vinh resort and ecological project and TMS - Cua Lo hotel project. In addition, the enterprise also surveyed and researched investment in development projects in Nghi Loc, Dien Chau, Quynh Luu.

The delegation of the Provincial People's Committee and FLC Group inspected the project's field map in Nghi Tien commune, Nghi Loc. Photo: Thu Huyen

Not long before, another “big guy” FLC also continuously made positive moves to implement the FLC Nghe An Ecological Resort and Entertainment Complex Project in the Tien Phong, Hai Don and Lu beaches of Nghi Tien Commune, Nghi Loc District. The survey and planning area is about 600 hectares, with a total estimated project investment of more than 12,000 billion VND (excluding site clearance costs), this is considered a major project with the expectation of creating a boost for the tourism development of Nghe An as well as the North Central region.

Mr. Dang Tat Thang - Deputy General Director of the Group said: "The investment objective of the project is to form a high-class eco-tourism complex according to international standards, attracting domestic and foreign tourists. After implementing legal procedures: Adjusting the zoning plan under the Southeast Economic Zone planning; Granting a certificate of investment registration for the FLC Nghe An complex project... it is expected that in the first quarter of 2018, compensation for site clearance will be implemented; in the fourth quarter of 2018, site clearance will be completed, and after 2 years, the Group will complete construction and put the project into operation".

In addition, the province is currently promoting investment in the Japanese biomass fuel production project at VSIP Industrial Park, Vincom Trade Center in Thai Hoa town of Vingroup, Vincom Trade Center in Nam Dan...

Continuing the success in attracting investment in 2016, from the beginning of 2017 until now, Nghe An has newly granted (approved investment policy, granted investment registration certificates) to 96 projects with a total registered investment capital of 10,647.84 billion VND. In addition, 11 projects were adjusted with an increased adjusted capital of 287.55 billion VND. Of which, domestic investment: newly granted for 92 projects with a total capital of 7,469.52 billion VND; adjusted 10 projects with a total investment capital decreased by 282.45 billion VND. FDI investment: newly granted for 4 projects with a total capital of 3,178.32 billion VND; adjusted 1 project with a total investment capital increased by 570 billion VND.

Some major projects newly licensed in the first 6 months of 2017 include: WHA Hemaraj 1 Industrial Park Investment Project - Nghe An (2,056 billion VND); MDF fiberboard manufacturing factory (1,754.14 billion VND); Cau Cau mixed-use tourism, service and resort area (1,532 billion VND); Domestic and industrial waste treatment plant at the Waste Treatment Complex (600 billion VND); Container manufacturing factory of TKV Group Corporation (549 billion VND); Project to invest, build, own and operate Do Luong traditional market and shopping center (330.741 billion VND); High-tech livestock research and development center project (350 billion VND); Apartment and townhouse housing project for officers and soldiers of Nghe An Provincial Police (VND 310.569 billion), Nghi Yen waste treatment project of Jet Japan Joint Stock Company (VND 600 billion), High-tech livestock research and development center in Hung Son commune, Anh Son district of Mavin Anh Son Company Limited, Thai Thuong Hoang Traditional Medicine Hospital...

Most of the registered investment projects are being implemented on schedule, some projects are progressing quite quickly and are being put into operation such as Song Lam Cement Project Phase 2, Masan Pig Farm, Vinpearl Cua Hoi, projects of Mavin Group, Hoa Sen...

Resolutely improve the investment environment

It can be said that with the efforts of the entire political system, especially the determination of the provincial leaders, Nghe An's investment attraction has achieved many important results. According to investors' assessment, Nghe An is creating an "open mechanism" with good, drastic and strong ways to attract investment.

Vinpearl Cua Hoi is one of the projects being implemented quickly in Nghe An. Photo: Thu Huyen

Every month, the Chairman and Vice Chairmen of the Provincial People's Committee are assigned to regularly inspect the site and work with investors and contractors to grasp and resolve difficulties. As a result, a number of key projects are being urged and implemented, and when completed, they will create very important infrastructure for the development of the province. The province has also established an interdisciplinary inspection team to inspect investment projects in Nghe An province.

Accordingly, the Interdisciplinary Inspection Team conducted inspections on 105 projects in the area. Up to now, the total number of projects revoked and terminated is 119, accounting for 32.6% of the total number of projects inspected from 2012 to present. Reviewing and revoking slow-progressing projects is also an important move to create a clean land fund to hand over to new investors with determination and investment capacity.

Mr. Nguyen Van Nam - Deputy Director of the Provincial Investment Promotion and Support Center shared: Thanks to the strong direction of the Provincial People's Committee, the efforts of sectors and levels in implementing the project to improve the Provincial Competitiveness Index (PCI), improve the investment and business environment, especially administrative procedure reform, it has created favorable conditions for investors to come to Nghe An. At the same time, the province also synchronously implemented socialization solutions, accelerated the progress of land use rights auctions, prevented revenue loss, implemented cost savings, and prevented investment losses to create resources for investment development.

Thu Huyen