On the morning of December 10, in Cua Lo town (Nghe An), a conference was held to review 1 year of implementing the Memorandum of Understanding on development cooperation between the three provinces of Thanh Hoa - Nghe An - Ha Tinh in 2023.
Comrades: Thai Thanh Quy - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Head of the National Assembly Delegation of Nghe An province; Do Trong Hung - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council of Thanh Hoa province; Hoang Trung Dung - Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People's Council, Head of the National Assembly Delegation of Ha Tinh province co-chaired the Conference.
1 year of implementing the Memorandum of Understanding on development cooperation between the three provinces of Thanh Hoa - Nghe An - Ha Tinh in 2023. Photo: Thanh Cuong
NGHE AN HAS PREPARED "5 READINESSES" TO ATTRACT INVESTMENT
At the Conference, Comrade Nguyen Duc Trung - Deputy Secretary of the Provincial Party Committee, Chairman of the People's Committee of Nghe An province presented a speech on the topic: Attracting foreign investment in Nghe An: Seizing the golden opportunity - becoming a "favorable - reliable - effective" investment destination.
Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung emphasized that attracting foreign direct investment (FDI) is an important resource, contributing to promoting economic restructuring, developing economic sectors, and promoting import and export. This is a resource for localities to have conditions to achieve development goals.
In previous years, Nghe An was not an attractive destination for foreign investors. However, with the province’s efforts and perseverance, in recent years, Nghe An has made positive changes in attracting FDI.
Up to now, Nghe An province has attracted 133 FDI projects from 14 countries/territories with a total registered investment capital of more than 4 billion USD. In the 5-year period from 2019 to present, Nghe An's FDI capital has reached about 3.4 billion USD; accounting for 85% of the total registered FDI capital to date.
In particular, in 2022 it will reach approximately 1 billion USD, in 2023 it will reach nearly 1.5 billion USD, thereby for 2 consecutive years Nghe An is in the list of 10 localities attracting the highest FDI capital in the country.
In particular, Nghe An has successfully attracted many large corporations in the world to participate in the supply chain of electronic technology and green energy production such as: Luxshare - ICT, Goertek, Everwin, JuTeng, Foxconn, Runergy, Shangdong, Sunny..., initially forming key industries of the province such as: technology, electronics, energy, steel, auto parts manufacturing,... Although the results are still modest, this is considered a remarkable result after 27 years since Nghe An attracted the first FDI project.
Sharing the experiences of Nghe An province in attracting FDI in recent years, Deputy Secretary of the Provincial Party Committee, Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung said that Nghe An has prepared 5 conditions that the province calls "5 ready".
Firstly, Nghe An has prepared its planning. In the previous period, Nghe An province submitted and received approval from the Prime Minister for the planning of 11 industrial parks, including 5 industrial parks in economic zones and 6 industrial parks outside economic zones.
Recently, the Prime Minister approved the Provincial Planning for the period 2021 - 2030, with a vision to 2050, and the province has added many industrial parks and industrial clusters; identifying the Southeast Economic Zone as one of the growth drivers of the province. Currently, Nghe An province is implementing a project to expand the Southeast Economic Zone from over 20,000 hectares to over 100,000 hectares.
Second, the province has prepared essential infrastructure. In addition to shared infrastructure, Nghe An is focusing on mobilizing investment resources to complete important and essential infrastructure such as: Cua Lo Deep Water Port Construction Investment Project, Vinh International Airport Upgrade and Expansion Investment Project; at the same time, paying attention to completing the infrastructure system and social services.
Third, Nghe An is ready for investment. Nghe An has called for and currently has 3 capable and experienced industrial park infrastructure developers: VSIP, WHA, Hoang Thinh Dat. These 3 investors are developing 5 industrial parks in the area. By 2025, Nghe An province will ensure that there is enough land fund and clean land with about 1,500 hectares to attract investment.
Fourth, Nghe An is ready in terms of human resources. With the advantage of a population of more than 3.4 million people, of which more than 1.6 million are of working age; the province has 6 universities, 11 colleges and 70 vocational training facilities, adding about 45,000 people to the labor market every year. The province is focusing on linking vocational training between businesses, investors and training facilities.
Fifth, Nghe An is ready to reform administrative procedures and substantially improve the investment and business environment. Nghe An province is always ready to accompany and support investors; consider investors’ difficulties and problems as the province’s to solve; resolve procedures correctly and quickly, with some projects only granting investment registration certificates within 5 working days.
COOPERATION MUST BE MUTUAL BENEFIT AND WIN-WIN
To promote FDI attraction from the perspective of linking the three provinces and regions, Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung emphasized the point of view: Cooperation must be mutually beneficial, win-win, and if you want to go far, you must be together.
From that perspective, the head of Nghe An Provincial People's Committee said that the three provinces need to cooperate to effectively use shared infrastructure and develop infrastructure to serve socio-economic development to improve cooperation efficiency, especially the cooperation between South Thanh Hoa - North Nghe An and South Nghe An - North Ha Tinh.
Strengthening links in human resource training to ensure FDI attraction. All three provinces have abundant human resources, hard-working and intelligent workers, but need to strengthen vocational training to meet requirements, especially in attracting investment.
In addition, the three provinces need to cooperate in issuing policies to encourage investment attraction in general and FDI in particular. Cooperating in issuing policies to attract investment in economic zones with similar development conditions is very important to improve the investment environment and investment policies.
Chairman of Nghe An Provincial People's Committee Nguyen Duc Trung said that the three provinces need to coordinate to effectively implement the Provincial Planning for the period 2021-2030, with a vision to 2050 of each locality, combining the Planning for the North Central and Central Coastal regions for the period 2021-2030, with a vision to 2050, after approval.
Complete investment incentive policies based on consideration of the nature, scale and investment efficiency of each sector and field; review and supplement sectors, fields and investment project portfolios; promote investment promotion and advertise investment and potential of provinces and localities; research and build an electronic information portal on investment attraction linkage of 3 localities.
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