Investors' opinions
Mr. Kim Chul Hee -General Director of Prex Vinh Garment Co., Ltd.The procedures need to be faster and more streamlined.
Nghe An is a land rich in resources and has friendly people. In particular, the province has many preferential investment policies such as support for land clearance, mechanisms to encourage labor attraction, partnership with businesses, and commitments to certain issues related to common rights and interests. We chose Do Luong district to invest in building the factory because it is a dynamic area, the gateway to the Southwest Nghe An economic zone. Do Luong district has a large land area, abundant labor force, and importantly, no foreign companies have invested in business in the district yet.
Our garment export factory is located in the Lac Son commune industrial cluster (Do Luong district). This is the third year that the Prex Vinh factory has been in operation. In 2012, our garment export output reached nearly 200,000 products, equivalent to nearly 1,000,000 USD. When operating at full capacity, the factory will operate all 48 production lines, with an estimated output of over 1.5 million products worth over 10 million USD.
The company is facing a labor shortage. Currently, it has only recruited 2,000 out of 4,000 workers. The majority of these workers come from farming or gardening backgrounds, so they lack professional skills.
Besides that major difficulty, implementing some government policies for us is sometimes very challenging, requiring us to go through many procedures and departments. We hope the province will pay attention to streamlining some procedures to support businesses in benefiting from policies more practically.
Mai Son(take note)
Mr. Pham Trung Thai -Chairman of the Board of Directors of Nghe An Rubber Investment and Development Joint Stock Company:There is a need for consistency and coordination in the implementation of investment attraction policies.
Nghe An Rubber Investment & Development Joint Stock Company was established in June 2007 with the goal of implementing a project to plant and develop rubber trees in Nghe An province. The company's project was approved by the Provincial People's Committee, allowing for planning research and implementation in three districts: Anh Son, Thanh Chuong, and Que Phong. By December 20, 2012, the company had planted 800.2 hectares, accounting for 11.47% of the total rubber tree area in the province.
During the project implementation, we encountered numerous difficulties and obstacles. Despite the attention and guidance from the Provincial Party Committee, the Provincial People's Committee, and various levels of government, the project has yet to meet the annual plan assigned to the Company by the Vietnam Rubber Industry Group. In 2013, the Company registered with the province to plant 1,000 hectares, aiming to reach 1,200 hectares, including approximately 400 hectares planted in the spring season alone. This would involve employing an additional 300 workers, bringing the total number of employees in the Company to over 600. Currently, the average income of employees in the Company is approximately 4.7 million VND/person/month. In addition, the Company employs thousands of seasonal workers from the local community. In the near future, more of these workers will be recruited into the Company once land is acquired.
With the company's existing capabilities and potential, we aim to plant 1,200-1,500 hectares of new rubber trees annually. According to the plan, by the end of 2014, the company will begin construction of the processing plant, with the plantation officially operational in 2016. To date, with the achievements we have made, we can confidently say that the project will certainly be successful, and rubber trees will contribute to improving land use efficiency, creating jobs and income for thousands of workers, and increasing revenue for the local budget. To achieve the set plan as soon as possible, in addition to the company's efforts, we hope to receive close attention, guidance, and decisive and timely measures from the province to help the investor implement the project on schedule.
Regarding attracting investment to Nghe An, in my personal opinion, the province needs to focus on identifying priority sectors and fields for investment attraction, as well as the planning and implementation of each project, to avoid wasting the province's land resources. At the same time, during the implementation of investment attraction mechanisms, there must be synchronization, consistency, and close coordination from the province to local authorities, departments, and agencies, creating favorable conditions for investors to confidently invest in Nghe An.
Phu Huong(take note)
Dr. Vo Van Quang -Deputy General Director of BAC A BANK:We aspire to develop more high-tech projects in Nghe An.
From its inception, Bac A Commercial Bank decided to enter the field of financial and investment consulting for businesses, especially those applying high-tech technologies in agriculture and rural areas. As the first institution in the country to advise businesses on introducing high technology into large-scale, integrated agricultural production, Bac A Commercial Bank advised TH Group to propose to the Government and the People's Committee of Nghe An province to grant land for the establishment of a dairy and clean vegetable farm. With the support and assistance of various levels and sectors, and especially the favorable conditions created by Nghe An province and its people, TH Group quickly implemented the dairy project and acquired all the technological know-how and dairy farming techniques from Israel, as well as world-leading processing procedures from advanced countries.
Currently, TH operates in a professional environment with all stages managed directly by two multinational companies: Afikim of Israel for herd management and Totally Vets of New Zealand for veterinary management. They also advise on importing cattle from New Zealand, Australia, and other countries. At the farm, the cows are fed fermented grass to kill bacteria, given daily cool baths and listen to music, and have microchips attached to their legs for accurate health monitoring, ensuring the integrity of fresh milk throughout the process. Currently, TH Group's cattle farming and milk processing project has essentially completed phase 1 of its investment with a capital of $350 million. The total investment scale of the project is $1.2 billion across an area of 37,000 hectares (phase 1 covers 8,100 hectares). The TH Group's introduction of high technology into production has given Western Nghe An a completely new look: a future eco-tourism city, with improved living standards and a significantly enhanced quality of life for the people. High technology has helped increase farming efficiency, transforming one hectare of land that previously yielded only an average of about 70 million VND per year into one that now yields between 500 million and 1.5 billion VND per year thanks to the application of high technology in growing grass, sorghum, etc.
With the desire to develop many high-tech projects in Nghe An, Bac A Commercial Bank has provided financial advice to Thang Nam Forestry Joint Stock Company to implement the TH true VEG clean vegetable production project with a system of greenhouse farms and industrial-scale clean vegetable fields. It has also provided financial advice to TH Herbals Joint Stock Company (TH Herbals, JSC.) to implement a project on clean natural medicinal herbs and fragrances (technology consulting by A&R – Federal Republic of Germany) with a closed production process, from the medicinal plant seed production center, raw material area, natural clean medicinal herb and fragrance extraction plant to the finished product factory on an advanced technology line. Along with financial advice from TH Group, projects such as an International Food and Drug Testing Center, a wood processing plant, and sustainable forest development are also being built. Currently, with the advice of Bac A Commercial Bank, many high-tech projects are being implemented in Nghe An. However, for projects to be implemented smoothly, Nghe An province needs a flexible and attractive mechanism and policy to attract investors, and especially, it needs to attract investors with sufficient dedication, intelligence, and resources. When applying high technology, sufficient land resources are required; therefore, the government needs to hand over clean land to businesses to implement projects. It is also necessary to train a high-quality workforce and have policies for retraining workers in areas where high technology is introduced into agriculture...
Hoang Vinh(take note)
