Investment promotion and attraction play an important role in creating resources for the socio-economic development of the country and localities. To “roll out the red carpet” to attract and invite investment, localities always commit to protecting the legitimate and legal rights and interests and accompanying investors and businesses.
Promoting and calling for investment is one of the important tasks to successfully approach and attract domestic and foreign investment capital to contribute to improving the investment environment of the country and locality. However, with the current development and fierce competition between localities and regions, in that trend, Binh Thuan province identifies innovation in investment promotion activities as a breakthrough to attract resources, creating momentum for the province's socio-economic development in the 2020-2025 term and in the new period.
Good news, in the last days of 2023, the Prime Minister issued Decision No. 1701/QD-TTg approving the Planning of Binh Thuan province for the period 2021-2030, with a vision to 2050. In addition, the expressway has basically opened 2 routes along with Vinh Tan seaport and Phan Thiet airport under construction, creating a "runway" for investors and businesses to "land" in Binh Thuan more conveniently.
However, the problem is that Binh Thuan will directly seek quality investors, expand project absorption capacity with reasonable mechanisms and policies or cooperate with businesses and large investors to invite and attract investment. If the province does not quickly and thoroughly implement the planning, does not change its thinking for the benefit of the province and the districts, it will "miss a beat" for an entire period, not just 1 or 2 years ahead, and therefore, there is no "way back" for a change in economic management and operation thinking, as Provincial Party Secretary Duong Van An mentioned: In 2024, and the next period, to take advantage of opportunities, promote investment attraction, build and develop the homeland, Binh Thuan will have to change its thinking and approach, shifting its "state" from "waiting" for investors and businesses to "ask" to "give", to "welcoming", "rolling out the red carpet", inviting capable, reputable, and dedicated investors and businesses to come to the province. Binh Thuan commits that in the process of attracting and calling for investment, it will always listen to and promptly grasp the needs of businesses and investors, creating an open and equal competitive environment among investors, businesses and economic sectors.
To do so, the selection of investors and the development of investment project portfolios must be practical, consistent with the planning and development requirements of the province and districts. Search and promote strategic investors. The task of attracting investment must be placed in a worthy position, deciding the development of Binh Thuan homeland in each period and in the future. Regarding orientation, the province needs to determine investment in developing coastal areas to become urban chains, service centers, tourism, clean industry development, high-tech agriculture; preserve and promote cultural and historical values; restore ecosystems, respond to climate change; the highlight is to bring the province's three economic pillars to play a key role in the economy.
Reality in recent times shows that there are projects, investors have researched and completed procedures but have not been able to start construction yet. One of the reasons pointed out is that the consultation and coordination between departments, branches and localities is not synchronized. In each department, branch and locality, each time officials are sent to a meeting, there are different opinions related to the same issue. This makes the project appraisal process take longer, "discouraging" investors. Therefore, it is acceptable in this period that the implementation is "slightly" delayed, but we must be determined to do it synchronously. First of all, it is necessary to build a clear appraisal process, clearly showing the responsibilities of each department, branch and locality. Only by doing so synchronously can the Department of Planning and Investment synthesize and advise the Provincial People's Committee to issue investment policies correctly and promptly. Once the project investment policy is in place, according to regulations, the investor must “negotiate” with the people to have a clean site, but before that, the departments and branches must agree with the local authorities to see if the location is convenient for site clearance or not. Avoid the situation where the investment policy has been granted but after a while the province has to make adjustments, even adjustments because of “stuck” with this or that problem.
Binh Thuan lacks resources and needs to attract investment capital. Therefore, if we do not dare to "open" the mechanism, are afraid of incentives for investors, are afraid of taking risks... that mindset needs to be reconsidered. On the other hand, to be able to remove this "bottleneck", the human factor is important and decisive. We have talked about the situation where officials, civil servants, and public employees still push responsibilities back and forth between functional agencies, causing investors to go back and forth many times, wasting time when doing administrative procedures. We must "boldly" innovate, and in 2024, Binh Thuan province chose the action theme: "Improving competitiveness and satisfaction of people and businesses", focusing on reforming administrative procedures, improving the investment and business environment; educate, inspect and improve the ethics of civil servants and public employees in performing public duties, especially the department that contacts investors and businesses, creating a favorable and open investment environment to promote the image, culture, people, potential and development strengths of the province. At the same time, promote the process of openness, transparency and smoothness from the stage of promotion, calling for investment, supporting information provision, preparing project dossiers, business registration dossiers to the stage of receiving and processing investment registration dossiers, procedures on land, construction, environment... shortening the processing time, thereby attracting many investors and businesses to learn about and invest in Binh Thuan.
Innovation in thinking, efforts, attracting businesses and investors in the current difficult context, is a step to create momentum and will open up prospects to concretize the goals of the Resolution of the 14th Provincial Party Congress and towards the planning of Binh Thuan province 2021 - 2030, vision to 2050.
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