Vice Chairman of the Provincial People's Committee Le Ngoc Hoa: There needs to be a special mechanism for key projects.

Speaking at the discussion session on the morning of December 11, clarifying the opinions of delegates on attracting and selecting investment projects, Vice Chairman of the Provincial People's Committee Le Ngoc Hoa said that our province is different from Thanh Hoa and Ha Tinh provinces; we cannot chase after steel and petrochemical projects.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa spoke at the discussion session in the hall. Photo: Thanh Cuong

We have 3 key projects: VSIP Industrial Park started construction in 2015. The second project is WHA Hemaraj Industrial Park, which committed to invest 3,200 hectares with the province, currently implementing phase 1 of 143 hectares.

The third project is Hoang Mai Industrial Park, formerly a state investor but now Hoang Thinh Dat Investment Joint Stock Company, they have received the transfer and focus on calling for investment in the technology sector.

They are currently dealing with transfer issues. This investor has invested in a very effective industrial park in Thai Nguyen.

Vice Chairman of the Provincial People's Committee Le Ngoc Hoa informed that, through data from the Southeast Economic Zone, in 2019, budget revenue in the Southeast Economic Zone reached 1,700 billion VND.

If talking about absolute numbers, it is not large compared to 15,500 billion VND of the province's budget revenue in 2019, but in terms of growth rate, in 2019, the budget revenue of enterprises in the Southeast Economic Zone increased by 1.67% compared to 2018. That is a signal that enterprises have come to pay taxes and production and business in the Southeast Economic Zone has been effective.

VSIP Nghe An Industrial Park. Illustration photo: Thanh Le

"I believe that these three key projects will help the province develop, grow strongly, and develop sustainably, because when the economy develops and grows strongly, and the budget is self-sufficient, then all problems will be fundamentally solved" - Vice Chairman of the Provincial People's Committee Le Ngoc Hoa emphasized.