QUANG TRI’S EFFORTS IN INVESTMENT PROMOTION AND ATTRACTION

Wednesday - 13/09/2017 03:33
a Trung Hyundai
Leaders of the Quang Tri Economic Zones Authority introduces the field to Korean Hyundai Solar Group
n the South East Economic Zone

 

In recent years, Quang Tri province has determined the importance of investment attraction and promotion activities, many programs, plans and documents to direct the implementation of improvement of mechanisms, policies, administrative reforms, improving the efficiency of production and business activities in the province have been promulgated, therefore, the business investment environment has been further improved, investment promotion and attraction have achieved many positive results.

The most prominent highlight is that in April 2016, Quang Tri Provincial People's Committee coordinated with Commercial Bank for Investment and Development of Vietnam (BIDV) held a conference on the investment and tourism promotion in Quang Tri in 2016 with the attendance and chaired by Prime Minister Nguyen Xuan Phuc. At this conference, the People's Committee of Quang Tri Province has issued the investment decisions to 18 investment projects with a total registered capital of 10.209 billion VND. The conference has left a good impression, especially to the investors who are exploring an investment in Quang Tri province.

After the success of conference on the investment and tourism promotion  in Quang Tri in 2016, the leaders of the province, agencies and sectors organized many working visits with  the strategic investors such as: Sembcorp (Singapore), Becamex IDC Corp., the Electricity Generating Authority of Thailand (EGAT), Thai EGAT International Co., Ltd. (EGAT). The leaders of the province, agencies and sectors joined together with the investment promotion team of Ministry of Planning and Investment in Singapore and Japan, joined in the Conference on exchanging and connecting with Korean businesses in Danang, joined in the Conference on the investment promotion in Mukdahan, Thailand and met many potential investors in Thailand. Besides, the provincial leaders also met with many strategic investors who have the financial capacity to study and explore investment opportunities in Quang Tri province such as: Sembcorp (Singapore); Binh Duong Becamex IDC Corp, Amata (Vietnam) Joint Stock Company, Kinder World (Singapore), Lenzing Group (Austria), Zuru Company (HongKong), C & N Vina Co., Ltd. (Korea), Shanghai Electric Group (China), Korea Electric Group, Thai Viet Swine Line Co., Ltd, Subur Tiasa Group (Malaysia), Professors Tsuboi working team and Sumimoto Company (Japan), Itochu Corporation and JICA (Japan), etc. The initial results from these positive activities are that some motive projects have implemented investment procedures such as Quang Tri Thermal Power Plant 1, My Thuy Port, Infrastructure of the South East Economic Zone, etc. In addition, provincial agencies and departments have developed publications and materials for investment promotion activities including. Books and DVD of the potential and investment opportunities of Quang Tri province have been developed, printed and distributed with information related to investment environment and investment preferential policies in localities, industrial clusters, industrial zones, economic zones in the province, etc,  and many propaganda publications in popular newspapers and magazines throughout the country. At the same time, the investment promotion of Quang Tri Province is posted and updated regularly on the websites, websites of the province and related agencies and department. The provincial agencies and departments have assisted organizations, enterprises and investors in getting to know about the investment laws, policies and procedures; supporting to seek markets, partners and investment opportunities and implementing the project after the decision on the investment policy is issued. The People's Committee of Quang Tri Province has issued a Decision on the preferential policies and investment support in Quang Tri province. In 2016 and the first four months of 2017, the provincial People's Committee will grant investment incentives for 05 projects, with a budget of 6.800 million VND. In addition, the provincial People's Committee has issued a decision regulating the implementation of the performance security of investment projects in Quang Tri province. As a result, the progress of the projects is deployed faster than before. From July 2016 to now, implementation of the performance security with 11 investors have been made with total deposit funds 17,199 billion VND. Provincial leaders and branches also appointed staffs in charge of investment promotion to participate in training courses to improve their capacity and skills in investment promotion including training to improve foreign investment promotion and  skills held by Central Investment Promotion Center, Mekong Institute, etc. In particular, provincial leaders and branches have implemented the policy of building a tectonic government serving the people and enterprises and determined to create a breakthrough development in the investment actraction in the spirit of the Resolution of the 16th Provincial Party Congress. The Standing Committee of the Provincial Party Committee has issued Resolution No. 01-NQ / TU dated April 15th, 2016 regarding speeding up administrative reform and raising provincial competitiveness in the period of 2016-2020. The Chairman of the Provincial People's Committee has given a lot of instructions with many commitments to support and create favorable conditions for the investors and enterprises in the province. At the provincial and district levels, dialogues have been held with the enterprises to remove difficulties and problems for the enterprises; Dialogues about the tax and social insurance are also being made. Provincial People's Committee  directed the concerned departments, branches and localities  to promptly advise to solve most of the contents and recommendations of the Business Association and the difficulty of the enterprise.

In the general effort of the province, to implement the direction of the provincial People's Committee, with the attention and support of the Ministry of Planning and Investment and the coordination of departments, localities and units in the province, the management board of the Economic Zone has actively contacted, connected and acted as a counsellor for the provincial leaders to meet and work with many domestic and foreign financial investors who have the financial capacity and come to study and search investment opportunities in Quang Tri Province such as: Working with leaders of Binh Duong Province and Becamex Binh Duong Corporation, AMATA Vietnam (Thailand), The Kinder World Group (Singapore), Zuru Company (New Zealand), C & N Vina Co., Ltd. (Korea), Shanghai Electric Power Corporation, Korea Electric Power Group, Dinamo Group (Singapore), Lenzing Group (Austria), Subur Tiasa Group (Malaysia), The Sembcorp Group (Singapore), The working team of JICA and Sumitomo Corporation (Japan),  Trung Tin Company Limited - Tin Thanh Group, etc.  The Management Board of the Economic Zone has coordinated with the relevant departments and agencies to provide the brochures on potentials, advantages and industrial zones in the province, attaching about 100 USB copying the important data and sending additional information to investors via e-mail as well as active connection, guidance, clear introduction during field trips. In addition, the Management Board of the Economic Zone has developed documents, databases and facilities for investment promotion activities such as: providing lighting systems, portable computers, speakers, laser pen for the slide presentation to introduce potentiality and planning to the investors when they work with the Management Board of the Economic Zone. The Management Board of the Economic Zone  bought digital cameras to take photos, record photos of meetings with investors, working with  Department of Planning and Investment to make a list of the projects calling for investment in the whole province and in industrial and economic zones in the province, developed 11 projects (bilingual in Vietnamese - English) for inviting and attracting investment in industrial and economic zones, modifying, adding content and printing the catalogs of the industrial and economic zones in 05 languages: Vietnamese - English, Vietnamese - Japanese, Vietnamese - Korean, Vietnamese - Chinese, Vietnamese - Thai,  setting up databases to introduce about the industrial and economic zones including location, size, operational status, potentiality, infrastructure, or preferential policies, etc to introduce to the investors in the meetings,   upgrading and improving the website of the Management Board of the Economic Zone, timely updating the activities of the Management Board of the Economic Zone, relevant legal documents, making an assistance in answering questions for investors, changing the user-friendly interface, promoting the websites in the province and outside the province, improving bilingualism to help foreign investors to access information, making the clip with the title "Development with Quang Tri" in some languages such as Vietnamese, English, Japanese and Korean to introduce the potentiality and strength to attract investment in Quang Tri South East Economic Zone, using flycam to record videos, take pictures  in the field sites in key areas calling for investment, appointing working teams to participate in periodical club activities of the Management Board of the Industrial and Economic Zones, exchanging and learning from each other experiences in the management and promotion of investment in industrial and economic zones, etc. In the first four months of 2017, the Management Board of the Economic Zone acted as the councellor for the provincial People's Committee in making document submitted to the Ministry of Planning and Investment regarding clarifying the necessity to develop a specific mechanism scheme for Quang Tri South East Economic Zone. ..For the calling the investors to do research, invest in Quang Tri South East Economic Zone and industrial and economic zones in the province along with the expansion of Quan Ngang industrial zone, the Management Board of the Economic Zone has been actively promoting priority and encouraging investors to invest in Quang Tri South East Economic Zone by encouraging to do investment in the conferences, working meetings with the potential investors, copying the information about the South East Economic Zone as well as preferential policies and delivering to the potential investors, conducting field surveys at planned locations in the South East Economic Zone, reviewing, supporting and urging the investors to carry out the project on schedule, ensuring environmental hygiene and labor safety, regularly contacting and accompanying with the investors to urgently and promptly solve difficulties and obstacles for investors and legal support related to the investors in time, etc.

Thanks to the guidance of the party committees, the government, the support and assistance of the Ministry of Planning and Investment and other central ministries and agencies, the promotion and investment attraction in Quang Tri province have achieved positive results.

Up to now, in the province 316 investment projects in the country have been licensed with a total registered capital of 68.496 billion VND (129 projects invested in the industrial and economic zones with a total registered capital of 20.073 billion VND and 187 projects invested outside the industrial and economic zones with a total registered capital of 48.423 billion VND), among which there are 208  projects completed and put into operation, with a total capital of  billion VND, 93 projects being implemented with a total registered capital of 20.025 billion VND, 17 projects not implemented yet with a total registered capital of 6.130 billion VND. In addition, 20 projects are in the process of accessing with a total registered capital of over 82.666 billion VND (Mainly they are motive projects in South East Economic Zone such as: Thermal Power Plant, My Thuy Port, Trieu Trach Industrial Zone, etc). In particular, in 2016, there are 41 projects invested by the Provincial People's Committee with a total capital of nearly VND12,000 billion (an increase of 6 projects and 5.300 billion VND of registered capital compared to 2015). In the first four months of 2017, 12 investment projects have been licensed by the province with a total registered investment of 1.933 billion, disbursed 17.540 billion. For 18 investment projects granted investment decision at Quang Tri tourism promotion and tourism promotion in 2016, up to now, there have been 11 implemented projects with a total disbursement value of 2.230 billion VND reaching 21.84% of the total registered capital. In particular, some projects with a large amount of investment have implemented in the right time as committed, the capital was disbursed quickly so that the project was put into operation soon, contributing to increase the budget and job creation such as Huong Linh 2 wind power plant with a total investment of 1.419 billion, VND and 1.200 billion VND disbursed. Many projects have been completed and put into use such as: Khe Giong Hydropower (153.1 billion VND), Cua Viet Tourism Service Center (152 billion VND), Hai Lang Textile-Dyeing- Garment  Plants (235 billion VND ), Gio Linh Garment Factory (57.4 billion VND). Some other projects are actively implementing and preparing to put into operation in 2017 as: Huong Linh 2 wind power plant with a total investment of 1.419 billion, Harbor No. 3 - Cua Viet port (69.6 billion VND), Dakrong 1 Hydropower (356 billion VND), Khe Nghi Hydropower (262.5 billion VND), Jinquan Tourist Equipment Factory (89.2 billion VND), Elites Viet Trung frozen seafood factory (67.2 billion VND). In terms of attracting foreign investment, up to now, there have been 14 FDI projects in the province with total registered capital of 46.65 million USD. Among these projects, there have been 12 projects operating stably with a total registered capital of 37.9 million USD; One project is under construction with a total registered capital of 4.25 million USD, 01 project is suspended with a total registered capital of 4.5 million USD ... These are positive indicators, which confirms that the political will of the provincial leaders has initially yielded results. The investment environment of the province has been improved and the efficiency of attracting investment into the province is improved.

However, besides the results obtained, it is necessary to evaluate that the results of the promotion and investment attraction have not been gained as expected. In order to overcome bad shortcomings, in the coming time, Quang Tri province will continue to focus on attracting the key investments, looking for strategic investors, potential investors, the investment projects bringing many effective aspects, creating sustainable development, large scale and high technology projects. Especially, attracting investment in South East Economic Zone, Lao Bao Special Economic - Commercial Area in order to exploit the potentials and strengths of the East - West Economic Corridor, focusing on removing difficulties, supporting the enterprises to attract investment, strengthening the state management of land, diversifying forms of organizing, mobilizing and promoting investment which is suitable to each subject and each field to achieve adequate effects with the motto "coming to the gate, knocking at the door of the investor”, linking investment activities with trade promotion, tourism and external propaganda programs, strengthening the coordination of investment promotion activities among the central ministries and branches and regional focal units, improving policy mechanisms and provincial competitiveness, improving business investment environment, administrative reform, raising the leadership capacity of the Party committees and authorities as well as the consultancy capacities of the specialized agencies in investment promotion activities, strengthening the organization of investment promotion apparatus, meeting the requirements of the new situation ...With strong efforts to improve the policy and investment environment, Quang Tri will be one of attractive and promising destinations for the investors at home and abroad./.

 

Source: Mr. Tran Quang Trung - Deputy Head of Quang Tri Economic Zones Authority

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