A corner of Nghi Son Economic Zone. (Photo: baothanhhoa.vn) Provincial authorities, departments and sectors, and the management board ofNghi Son Economic Zone and industrial parks (IPs) in Thanh Hoa have worked hardto address difficulties facing businesses related to investment procedures andland clearance.
The EZ has so far attracted 294 domestic investment projects worth over 149.39trillion VND (over 6 billion USD), and 23 foreign projects with totalregistered capital of over 12.8 billion USD.
Many projects have been invested on schedule, contributing to creating amomentum for economic development in the locality.
However, according to statistics from the management board of the Nghi SonEconomic Zone and IPs in the locality, among the projects that have beenallocated or leased land in the EZ, 51 projects are currently behind schedule.
The People’s Committee of Nghi Son town attributed the situation todifficulties caused by the COVID-19 pandemic, increasing prices of materials,and slow land clearance.
To promote the progress of projects in the EZ, especially projects being run byfinancially sound investors, provincial authorities and the management board ofthe EZ and IPs have concentrated their resources to solve these difficulties asquickly as possible.
The EZ has so far attracted 294 domestic investment projects worth over 149.39trillion VND (over 6 billion USD), and 23 foreign projects with totalregistered capital of over 12.8 billion USD.
Many projects have been invested on schedule, contributing to creating amomentum for economic development in the locality.
However, according to statistics from the management board of the Nghi SonEconomic Zone and IPs in the locality, among the projects that have beenallocated or leased land in the EZ, 51 projects are currently behind schedule.
The People’s Committee of Nghi Son town attributed the situation todifficulties caused by the COVID-19 pandemic, increasing prices of materials,and slow land clearance.
To promote the progress of projects in the EZ, especially projects being run byfinancially sound investors, provincial authorities and the management board ofthe EZ and IPs have concentrated their resources to solve these difficulties asquickly as possible.
Construction of a housing unit to serve the expansion of Nghi Son Port. (Photo: baothanhhoa.vn) The locality lured 54 projects, including five foreign direct investment (FDI)ones, with total registered capital of over 228 million USD in the first 10months of 2022.
According to the provincial Department of Planning and Investment, newinvestment projects have focused mainly on industry, culture and tourism.
In October alone, local authorities gave in-principle approval to one domesticinvestment project with total registered capital of 80 billion VND.
Since the beginning of the year, local authorities have strengthened investmentpromotion, providing information related to planning, investment attractionfields, and mechanisms and policies to organisations, business delegations, anddomestic and foreign banks.
Attention has been also paid to improving the investment and businessenvironment, simplifying administrative procedures to create favourableconditions for businesses to access equal and transparent opportunities.
In October, local officials worked with representatives from the SumitomoCorporation of Japan on developing an industrial park in Thanh Hoa with abusiness delegation from Taiwan (China) and SunGroup, the department said.
To promptly remove difficulties and obstacles facing businesses operating inthe locality, and lure more investment capital, conferences have been held toimprove the efficiency of investment promotion, strengthen leadership anddirection in land clearance, and address planning problems in industrialclusters.
The province instructed its Investment, Trade and Tourism Promotion Centre incollaboration with departments and agencies to provide advice for theprovincial People’s Committee and Special Investment Promotion Committeeregarding highly feasible projects that match local planning and socio-economicdevelopment conditions.
Plans to meet and introduce projects to major European firms, especially thoseinterested in expanding their operations in Vietnam, are also scheduled.
Authorities of districts, towns and Thanh Hoa city will review theplanning on the use of land and construction to prevent overlapping, thuscreating the best conditions to attract investment.
They are also to prepare conditions in terms of land, infrastructure, labourand energy to meet the demand of foreign investors who are looking to shift tonew business locations.
Regarding ongoing FDI projects, agencies are hastening procedures related toinvestment, planning, construction, land, environment and electronic publicadministrative services./.
VNA
