(VOVworld) – Quang Ninh has implemented efficiently investment promotion activities, reformed administrative procedures, and improved investment environment over the past 5 years. VOV’s Truong Giang reports on breakthroughs made by Quang Ninh to attract investment resources.

 

Construction ceramic production line of Dat Viet Ceramic JSC in Dong Trieu Township. (Photo: baoquangninh.com.vn)

One of Quang Ninh’s successes is foreign direct investment. For three years from 2012, it gained 1.6 billion USD in FDI. Currently Quang Ninh sees over 100 FDI projects in effect with a registered capital of nearly 5.1 billion USD, two thirds of which have been disbursed.

In the reviewed period, Quang Ninh mobilized 3.8 billion USD from 138 domestic investment projects.

Khuc Tien Ha, director of the Big C Supermarket in Ha Long, said that “Quang Ninh’s policy on trade and investment attraction mainly focuses on infrastructure construction for trade development. Most notably its land clearance is efficient, a key to attracting FDI in trade.”

Achievements so far are attributed to the solutions Quang Ninh has applied since 2011. They are renovation of the growth model, design and issuance of strategic master-planning, and a combination of investment promotion and administrative reforms.

Provincial authorities have met periodically with enterprises to help them overcome obstacles.

In addition to large-scale investment promotion conferences, the province has used cultural activities to lure investment from Japan, the UK, China, and the Republic of Korea.

 

The inauguration ceremony of Times Garden project at Bach Dang ward, Ha Long city on February 7th, 2015. (Photo: Khanh Giang)

Investment in industrial zones and traffic corridors has been coordinated. Quang Ninh has used the public private partnership model in major projects, according to Nguyen Van Doc, the provincial Party Committee Secretary.

Doc said that the province is “consistent that what enterprises and the public can do, the provincial administration will not do. The province will hand over projects to businesses or individuals who are good at management. Contributions by investors and enterprises are important to Quang Ninh’s socio-economic development.”

The establishment of the Quang Ninh Investment Promotion Agency (IPA) has been an advance in investment attraction.

Under the direct management of the provincial People’s Committee Chairman, administrative procedures are resolved rapidly and transparently in line with a ‘one door’ mechanism in order to provide the best possible support for investors.

Registration time has been shortened by at least two-thirds.

Quang Ninh has adopted a number of preferential policies for those who invest in industrial and economic zones, adjusted land lease prices, supported credit capital, drastically hastened land clearance, and taken back inefficient projects to create ‘clean land’ for other investors.