Attracting investment - the 'key' to exploiting Yen Thanh's potential

(Baonghean) - Yen Thanh district is located in the North of Nghe An province, the largest rice granary in the province. Although it is a purely agricultural area, in recent years, especially in implementing the Resolution of the 25th District Party Congress, the district has made a breakthrough in attracting investment.

Visiting the production line at MLB TENERGY Co., Ltd. Japan. Photo: Thu Huyen

Prosperity from projects

What is easily noticeable in attracting investment in Yen Thanh district is the formation of industrial clusters. Notably, there is an industrial cluster in the town, with a total area of ​​11 hectares, enjoying the Government's investment mechanism, arranging clean technology production projects such as garment and electronics.

Since 2013, MLB TENERGY Co., Ltd. Japan has rented 4 hectares of land to build an export garment factory, with a total investment of 5 million USD. In 2016, revenue reached 84 billion VND, an increase of 25% compared to 2015. The factory has created stable jobs for about 1,000 local workers, with an average salary of 4 million VND/person/month.

Mr. Phan Van Duc - Assistant Director of the company said that the main products of the factory are jackets, feathers, shirts, office and school uniforms... mainly exported to the Japanese market. Currently, the company is expanding the factory from 1.5 hectares to nearly 4 hectares; expanding the market to Europe.

Also at Yen Thanh town industrial park, Thien Minh Joint Stock Company invested in building a wood handicraft factory in 2014, with a total capital of 40 billion VND. Up to now, the factory has continuously expanded its scale, with an average annual turnover of 40 billion VND, creating jobs for 50 workers. The company's products for living rooms, worship rooms, bedrooms, construction interiors, etc. are currently available in the markets of Vinh, Bac Ninh, and Ho Chi Minh City. The company's leaders said they are working with partners in Ho Chi Minh City to build a commercial center, expected to be implemented in 2017.

At Cua Nuong field - Dong Thanh commune, since the end of 2013, Tay Nghe - Yen Thanh Joint Stock Company has rented 10 hectares, invested 1.5 million USD to build a tunnel brick factory, with a capacity of 30 - 40 million bricks/year, employing 150 workers, and has initially started operating effectively.

In hamlet 12, Son Thanh commune has also planned to build a large-scale Tuynel brick factory with modern technology, invested by BMC Construction Materials and Commercial Construction Company Limited. In early 2016, BMC started to build a modern factory with a capacity of 30 million bricks/year and other auxiliary works...

In addition to industrial clusters, initially, many domestic and foreign investors have invested in many fields in the area. According to the statistics, in the period of 2011 - 2015, the district had 203 domestic investment projects with a total investment capital of 3,330 billion VND, accounting for 87.33% of the total investment capital.

Total foreign investment attraction 5 projects, total investment capital realized 483 billion VND, accounting for 12.67% of total investment capital. In 2016 alone, total number of projects attracted investment 150 projects, investment capital attracted 1,354 billion VND, increased 38% compared to 2015.

Continue to roll out the "red carpet"

It can be affirmed that the results in attracting investment have created the premise for Yen Thanh to continue to have positive development steps. The district has well prepared the planning and investment work according to Directive No. 1792/CT-TTg of the Prime Minister, carried out the annual investment plan in parallel with the 5-year investment plan, focused on inspecting suspended projects and plans.

“Following the regional and national trend, Yen Thanh district is ready to welcome investment activities in production and business in all sectors that are not prohibited by law and are in accordance with the district’s planning. In particular, it focuses on and encourages projects that promote potential advantages and projects that create momentum for development.

The district has a policy to continue to encourage and attract all investment resources with priority for developing socio-economic infrastructure; encourage all investors who want to expand their investment market in the district, especially partners who are capable of bringing high technology, modern management systems, creating positive spillover effects on the development of the district and the region, contributing to the construction and formation of strong industries; partners with large financial capacity, extensive experience, and the ability to invest stably and long-term" - Mr. Phan Van Tuyen - Chairman of Yen Thanh District People's Committee emphasized.

People in Chua Thang hamlet, Lien Thanh commune, Yen Thanh district harvest rice with a combine harvester. Photo courtesy of Nghe An Newspaper.

Identifying investment attraction as an important task that has a great impact on the socio-economic development of the district, therefore, in the coming time, Yen Thanh will continue to review, supplement and adjust the planning and socio-economic development plans, especially land use planning, planning of industrial clusters, industrial points, tourism development planning, and detailed planning of Van Tu urban area.

At the same time, widely publicize approved plans; implement regional planning. Prioritize the arrangement of land in accordance with the plan so that investors, organizations and individuals who need to build production, business and service facilities can operate in the area. Especially invest in industrial clusters, eco-tourism spots, markets and commercial centers, supermarkets, hotels - restaurants, medical services, education - training, telecommunications, transportation, credit, labor export, etc.

In addition, the district strengthens foreign affairs, promotes the potential and advantages of the district to all levels and sectors. Promotes the mobilization and promotion of the potential of Yen Thanh's children from all over the country in terms of capital, technology, intelligence, and diplomatic relations to invest in the development of the district in the socio-economic fields.

Thu Huyen