Nghe An implements 9 solutions to strongly improve the investment environment

(Baonghean.vn) - Supporting businesses and investors in researching, investing and operating effectively has become an important political task that has always received great attention and focused direction from the leaders of Nghe An province.

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Nghe An Newspaper respectfully introduces the main content of the opening speech of the Meeting with Investors in Spring Dinh Dau 2017 held on the morning of February 19 by comrade Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Nghe An province.

Comrade Nguyen Xuan Duong - Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee delivered the opening speech at the Meeting with Investors in Spring Dinh Dau 2017. Photo: Duc Anh.

...Every spring, throughout the past 9 consecutive years; today, Nghe An province is very happy and excited to welcome distinguished guests from the Central Government, other provinces, businessmen, domestic and foreign investors to gather in the beloved homeland of President Ho Chi Minh to attend the Conference "Meeting with investors in the Spring of Dinh Dau 2017".

...This is an event of great significance to the socio-economic development of the province and is also an opportunity for domestic and foreign investors to learn about investment opportunities and accompany Nghe An province for cooperation and development. We sincerely thank you and wish you all a healthy, happy and successful new year!

Over the years, Nghe An province has made continuous efforts to promote its potentials and advantages in terms of natural resources, human resources and infrastructure to develop President Ho Chi Minh's homeland. In addition, with the attention and support of the Central Government and the support of domestic and foreign entrepreneurs and enterprises, the province's socio-economic situation has improved significantly.

In particular, after 9 years of holding the Spring Meeting with Investors, Nghe An province has gradually improved and enhanced the quality of the investment environment, and has accompanied to remove difficulties of businesses and investors; especially large and reputable investors to cooperate and develop sustainably.

Through 9 times accompanying the Vietnam Joint Stock Commercial Bank for Investment and Development to organize Meetings with Investors from 2009 to present, Nghe An has attracted 804 investment projects, with a total registered capital of more than 261 trillion VND, including: 758 domestic investment projects, with more than 101 trillion VND and 46 foreign direct investment (FDI) projects with more than 160 trillion VND.

In 2016 alone, the province granted 141 new projects with a total investment capital of VND35,441 billion. Among them, many large projects using high technology have been put into effective operation, creating many jobs and contributing a large amount to the budget, such as: TH - True Milk dairy cow farming and milk processing project; breweries: Saigon - Song Lam, Hanoi - Nghe An; Sabeco Packaging; Ban Ve Hydropower Plant; Hua Na Hydropower Plant; MDF Wood Factory; 2 Hoa Sen Steel Plants; Song Lam 1 and Song Lam 2 Cement Plants of Vissai Cement Group; Animal feed factory; Beef and breeding cattle factories; Masan Northern Food Center; Garment and electronic component assembly factories of Korean and Japanese investors; Chain of more than 10 hotels of Muong Thanh Group; Vinpearl Cua Hoi hotel, entertainment and resort complex of Vingroup Group, etc.

In particular, the VSIP Nghe An Industrial, Urban and Service Park project of Vietnam - Singapore Industrial Park Joint Venture Company Limited; and Hemaraj Industrial and Urban Park of Hemaraj Group (Thailand)... In addition, many important infrastructure projects such as: Airport, seaport, traffic, electricity, water, telecommunications,... are invested and upgraded to best support investors to effectively implement projects in the province.

Provincial leaders and investors at the investment agreement signing ceremony of the WHA Hemaraj project. Photo: File.

With the important results after 9 years of organizing the Spring Meeting with Investors, it has laid an important foundation for Nghe An to successfully implement Resolution 26 of the Politburo and his wish: "Building Nghe An homeland to develop comprehensively, striving to become a model province".

Therefore, in 2016, the socio-economic situation achieved many positive results: Total product in the province increased by 7.5%, higher than the growth rate of the last 2 years. Budget revenue reached more than 11 trillion VND. Total social investment capital in 2016 reached more than 51 trillion VND. Food output reached more than 1.25 million tons - the highest ever; There are 2 district-level units and 152 communes meeting new rural standards. Industrial and construction production value increased by nearly 10%; many industrial products increased such as: Fresh milk, cement, beer, granite bricks, commercial electricity; The fields of trade, tourism, information and communication, transportation, electricity, finance and banking continued to develop well. The cultural and social fields continued to have many positive changes. Health care, hunger eradication and poverty reduction, job creation and social security continued to receive attention; The poverty rate has dropped to 9.5%, and people's lives have improved significantly. Administrative reform has made progress; National defense, security, and social order and safety have been ensured.

From the results achieved and the practical leadership and direction, we realize that: To develop the economy quickly and sustainably, it is necessary to "Strongly improve the investment environment, to attract domestic and foreign investment, focus on developing a number of industries with high science - technology content and added value; develop supporting industries, clean industries, energy saving, environmentally friendly". Therefore, the work of supporting businesses and investors to learn, invest and operate effectively has become an important political task that has always received great attention and focused direction from the leaders of Nghe An province.

In the coming time, we commit to synchronously deploying the following 9 specific solutions:

1. Simplify administrative procedures and shorten the time to issue Investment Registration Certificates within 03 working days from the date the competent state agency approves the investment policy (previously 5 working days); especially for complete and valid dossiers that investors need urgently, we can process and issue them on the same day;

2. Online business registration dossiers are processed within 02 working days (33% reduction in time compared to regulations) and results are returned on the same day from the receipt of paper dossiers at the business registration agency. Implement level 4 online public services in business registration, shifting from the registration mechanism to a mechanism to serve businesses and investors.

3. Reform the process, records and procedures for tax payment and shorten the time for businesses to complete tax payment procedures. Maintain the rate of businesses making electronic tax declarations at over 95%, and pay electronic taxes at least 90%. Regarding the time to release exported and imported goods: For goods that do not require document inspection (green channel declaration), customs clearance is automatic and immediate; For goods that require document inspection (yellow channel declaration), the average processing time is 22 hours/file; For goods that require document inspection and actual goods (red channel declaration), the processing time is 15 days (previously the processing time was 16.3 days).

4. Reduce by 20% -50% the time to handle administrative procedures on domestic investment and foreign investment compared to the target set by Resolution 43 of the Government.

5. Increase publicity, transparency, updates and clear instructions; commit to publicly posting 100% of administrative procedures related to investment, business and planning of the province and locality at administrative agencies and on websites of localities and units.

6. Maximize the effectiveness of e-government operations; encourage businesses to carry out administrative procedures online; minimize the time to process administrative procedures compared to regulations.

7. Accompany and support start-ups and innovative businesses with practical and effective solutions; promote support for small and medium-sized enterprises through specific activities.

8. Strongly promote the training of high-quality human resources, especially IT human resources, to meet all recruitment needs of investors.

9. The government always stands side by side to resolve difficulties and problems in site clearance and compensation work.

...The effort to make Nghe An a fairly developed province as Uncle Ho instructed before his passing is not only the wish of the Party Committee, the government and the people of the province, but also the wish of the Party and State leaders, the National Assembly, the Government and the Central Ministries and branches, the localities and the business community, and entrepreneurs; with the heart for the beloved homeland of President Ho Chi Minh. That is demonstrated by Resolution 26 of the Politburo and your attention and support over the past time to help Nghe An become what it is today.

With the desire that Nghe An will truly become an effective destination and investment destination, we have been improving the investment and business environment, creating all favorable conditions for enterprises according to the direction of the Government and the Prime Minister. Therefore, at today's Conference, we hope to continue to receive comments from delegates and distinguished guests so that we can do better in the coming time, contributing to building Nghe An into a fairly developed province in the Northern region; a center of finance, trade, tourism, education - training, science - technology, health, culture, sports, high-tech industry of the North Central region according to Resolution 26 of the Politburo.

(*) Title by Nghe An Newspaper.

PV