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The Southeast Economic Zone Management Board effectively accompanies investors.

Việt NamViệt Nam01/02/2024

TOGETHER FOR "SWEET RESULTS"

Among the bright spots of Nghe An's economy in 2023, investment attraction is a prominent area with many positive results. The province has newly granted 120 projects and adjusted 190 projects, with a total newly granted and adjusted capital of VND 58,123 billion, 1.7 times higher than the set target (VND 30,000 - 35,000 billion). Notably, in 2023, Nghe An will be in the Top 8 localities attracting the largest FDI in the country with a total newly granted and adjusted capital as of December 31, 2023 of 1,605.5 million USD.

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Chairman of the Provincial People's Committee Nguyen Duc Trung inspected the land use planning map of Tho Loc Industrial Park Project - Area B. Photo: Pham Bang

Of which, the Southeast Economic Zone Management Board granted new licenses to 27 projects with a total registered capital of VND 35,069.7 billion; adjusted 55 projects, of which 17 projects adjusted to increase capital with an additional capital of VND 6,462.8 billion. The total newly granted and adjusted capital was VND 41,532.5 billion, exceeding the set target by 137% (in 2023, the Southeast Economic Zone set a target of attracting investment capital of VND 15,000 - 20,000 billion). Most FDI projects in the province are mainly attracted to the Southeast Economic Zone, with FDI capital realized in 2023 estimated at 642 million USD (reaching 40.3% of registered capital).

Accumulated to December 2023, in the economic zone and industrial park of the Southeast Economic Zone, there are 305 valid projects, with a total investment capital of VND 143,509.59 billion (equivalent to USD 5.88 billion). Of which: 85 FDI ​​projects, registered capital of USD 3.71 billion and 220 domestic projects with registered capital of VND 57,891.15 billion.

To achieve the above "sweet fruits", the Southeast Economic Zone Management Board always pays attention to, focuses on leading, directing, and organizing the implementation of administrative reform and digital transformation in the spirit of effective companionship with investors; effectively reviewing and advising the Provincial People's Committee to promulgate administrative procedures, approve internal procedures, and electronic procedures for administrative procedures under the authority of the board. In 2023, the board received 828 administrative procedure dossiers; of which, 797 dossiers were resolved; the number of dossiers on time and before the deadline was 793 (reaching 99.5%); the number of overdue dossiers was only 04 (accounting for 0.5%). In implementing its tasks, the board digitized the management database; enhanced the application of information technology to manage work and inspect, control the settlement of administrative procedures, and discipline.

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Matsuoka factory of Japanese investor in VSIP Industrial Park. Photo: File

The administrative reform ranking of the Southeast Economic Zone Management Board has been increasingly improved and enhanced: In 2020, it ranked 14/21; in 2021, it ranked 10/21 and in 2022, it ranked 5/21 provincial departments and branches.

The above results demonstrate the spirit of solidarity and unity of action from the leaders to each officer, specialist and employee of the Southeast Economic Zone Management Board. On that basis, the board's role as a focal point for "One-stop shop" in implementing procedures on investment, planning, construction, land management and environmental protection in economic zones and industrial parks has been promoted. The board has closely coordinated with departments, branches and localities to improve the investment environment of Nghe An province, proactively preparing the "5 ready" conditions to attract investment: "Ready in planning - Ready in essential infrastructure - Ready in investment premises - Ready in human resources - Ready in administrative procedure reform, substantially improving the investment and business environment".

CONTINUE TO MAKE BREAKTHROUGH IN INVESTMENT ATTRACTION

Identify investment attraction to create breakthroughs, accelerate economic restructuring, rapidly increase industrial and service production value, increase budget revenue, create more jobs, ensure national defense and security associated with environmental protection, natural disaster prevention and response to climate change.

In 2023, the Southeast Economic Zone Management Board successfully organized two working delegations of Nghe An province to connect investments in China and Thailand; participated in investment promotion delegations in Singapore, Japan, Europe (Hungary, Austria, Germany) and the United States; coordinated with VSIP, WHA, and Hoang Thinh Dat to advise provincial leaders to work with investors to learn about investment in Nghe An province.

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Leaders of Nghe An province, the Management Board of the Southeast Economic Zone and partners at an investment promotion event in the United States, November 2023. Photo: Phan Tu

Promoting those results, in 2024, the committee will continue to advise and organize provincial working delegations to strengthen foreign relations and attract investment abroad. From there, attract more potential investors to invest in Nghe An, gradually filling up economic zones and industrial parks in the province.

Up to now, the occupancy rate of industrial parks in the Southeast Economic Zone has reached 53.3% of the area. As of December 31, 2023, the Southeast Economic Zone has 141 enterprises in operation. Estimated revenue is 58,998 billion VND; state budget contribution is 4,026 billion VND, an increase of 120% over the same period in 2022; accounting for 20% of the total provincial budget revenue in 2023; creating jobs for more than 38,000 workers (in 2023, creating new jobs for 7,904 workers).

In 2024 and the following years, the Southeast Economic Zone Management Board will focus on coordinating with all levels of sectors and localities to effectively implement the action program to implement Resolution No. 39-NQ/TW of the Politburo on building and developing Nghe An province to 2030, with a vision to 2045; Nghe An Provincial Planning for the period 2021 - 2030, with a vision to 2050 approved by the Prime Minister. Accordingly, the Southeast Economic Zone will continue to be expanded and developed as one of the two growth drivers of the province and renamed Nghe An Economic Zone.

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The Southeast Economic Zone Management Board signed a memorandum of understanding with the Asian American Chamber of Commerce. Photo: Phan Tu

Continue to advise the Provincial People's Committee to urge and support site clearance and implementation of VSIP, WHA phase 2, Tho Loc phase 1, Hoang Mai 1 and 2 industrial parks; periodically advise the Provincial People's Committee leaders to directly work with infrastructure investors to promptly resolve difficulties and problems, and promptly hand over land to investors to implement the project. At the same time, coordinate to support the connection of supply and demand in labor recruitment through many forms, meeting the human resource needs of businesses and investors.

Supplement effective solutions, take the lead in advising leaders, directing, organizing implementation and proactively coordinating with relevant departments, branches and localities to effectively implement the Master Plan for the construction of the Southeast Nghe An Economic Zone to 2040 approved by the Prime Minister in Decision No. 93/QD-TT dated February 15, 2023 and the Project on construction and development of the Southeast Economic Zone and industrial parks of Nghe An province to 2030 as approved by the Provincial People's Committee.

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A corner of WHA Industrial Park in Nghi Loc district. Photo courtesy

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