Pho Noi IP in Hung Yen (Photo: VNA) Pham Truong Tam, head of Hung Yen’s IP management board, elaborated that in theperiod, the board granted investment certificates to 11 new FDI projects and 19domestic ones with total investment capital of 102.7 million USD and 2.37trillion VND (equivalent to 96 million USD at current exchange rate).
Meanwhile, 43 operating projects, including 29 FDI ones, were allowed to add atotal 291 million USD and 1.565 trillion VND to their investment capital. Someexamples are a factory of Kyocera Vietnam which received an additional 61.7million USD, the Haixin No.2 project of Vietnam Haixin New Material received 31.3million USD more, and the SOC Vietnam raised its investment in its project by28.3 million USD.
Tamattributed the positive outcomes to improvements in the local investment environmentas a result of drastic instruction and strong efforts of all-level authoritiesin Hung Yen.
In particular, the provincial IP management board has focused efforts onimplementing tasks under the socio-economic development and state budget plansfor 2022, as well as under the socio-economic recovery and developmentprogramme of the Government.
In October, the board conducted appraisal of feasibility reports of threeinvestment projects in local IPs, granted and adjusted construction permits tofour projects, and completed the assessment and approval of construction forfive others. The board has also kept regular supervision of constructionprogress of investment projects in local IPs.
Thanks to the drastic instruction of local authorities, investors in IPinfrastructure completed the payment of compensation to residents who had torelocate to make way for around 73ha of land in IPs in October alone.
In the January-October period, compensation payment has beencompleted for 527ha of land in IPs, equal to 105.4% of the target in 2022assigned by the provincial People’s Committee. The IP No.5 and the Thang LongII IP - third phase reported the fastest pace in ground clearance work.
At the same time, IP infrastructure investors also built infrastructure on102ha of land in IPs, meeting 85% of the yearly target.
The board will continue to implement tasks in administrative reform while intensifyinginspections and supervision of the process of receiving and handlingadministrative procedures by its officials to ensure the rapid, accurate andlegal settlement of administrative procedures, Tam said.
He went on to say that the board is accelerating the application of informationtechnology in management work and guiding enterprises in applying foradministrative procedures on the province’s public service portal andsingle-window information portal.
As a result, about 65% of applications foradministrative procedures since the beginning of the year have been submittedand handled on line at third and fourth levels.
“From now to the end of the year, the provincialIP management board will concentrate on activities to attract investment, particularlyon-the-spot investment promotion, while working to promptly handle petitionsand address difficulties facing by enterprises in their production and businessactivities,” Tam said.
According to him, the board is striving to attract 700 millionUSD in investment into local IPs this year./.
VNA
