Investment promotion during COVID-19 pandemic

(VOVWORLD) - As the COVID-19 pandemic has affected economic growth and investment promotion, many localities have taken action to help businesses and household traders overcome difficulties. Specific measures cover fiscal policies, consultation, investment incentives, and administrative reform.
Investment promotion during COVID-19 pandemic - ảnh 1Quang Ninh province (Illustrative photo)

In the first half of this year, many investors in Quang Ninh province have expanded production and invited more partners. The processing and manufacturing industries have recorded a 140% growth compared to the same period last year. Quang Ninh provincial agencies and sectors have approached investors through online meetings, emails, social networking, and other IT applications. Updated information on investment projects in Quang Ninh province has been sent to investors in Japan and South Korea.

Quang Ninh province is giving maximum support to its current investors. The provincial People’s Committee has formed an ‘Investor Care’ working group with separate teams for individual key projects. The teams addresses investors’ procedure and land use problems and help them begin production as quickly as possible.

Vu Thi Kim Chi, Deputy Head of Quang Ninh province’s Investment Promotion Board, said: “We have advised the province to set regulations and specific tasks for Investor Care in collaborating with departments, sectors, and localities. Each Friday Investor Care meets with investors at the provincial Public Administrative Center to listen to their problems and representatives from departments and sectors propose possible solutions.”

Since the beginning of the year, Thai Nguyen province has licensed 11 new projects with total registered capital of 31 million USD in processing, manufacturing, real estate, and high technology.

Tran Quoc Trung, Deputy Head of the Industrial Parks Management Board of Thai Nguyen province, said the province has upgraded infrastructure and industrial parks to attract investors. 

“Working well with businesses has helped us attract direct investment. We’ll help them solve problems, deal with the COVID-19 pandemic, and access resources. We intend to further streamline administrative procedures,” Trung said.

Related News