Innovate and improve the effectiveness of investment promotion and mobilization work.

VTJ Toms Textile Company Limited at Dien Sanh Industrial Park, Hai Lang District creates regular jobs for many local workers - Photo: HT

In 2024, Quang Tri province issued a document directing departments, branches and localities to organize the implementation of solutions and policies to support and develop enterprises and improve the investment and business environment. Based on the specific assigned tasks and goals, departments, branches and localities develop action plans and propose implementation solutions for each unit.

In particular, the application of information technology has been enhanced to make processes and procedures transparent; mobilize the participation and contribution of businesses and people in building the government. Up to now, 100% of agencies and units have received and processed administrative procedure records on the centralized and unified administrative procedure settlement information system throughout the province.

Initially, many investors, including large, prestigious corporations and companies in the country, the region and the world, came to survey, work and learn about investment opportunities in Quang Tri province, typically: Hoa Phat Group Joint Stock Company discussed, learned to research and propose investment projects in the Southeast Quang Tri Economic Zone; Central Group Vietnam Corporation and Indochina Real Estate Investment and Trading Joint Stock Company came to learn about investing in building a commercial center in Dong Ha City.

ENI Vietnam Energy Company discussed cooperation opportunities with Quang Tri province in developing gas energy projects in the Southeast Quang Tri Economic Zone; Infrastructure and Transport Construction Investment Joint Stock Company agreed on the location to conduct the survey and prepare documents to request additional planning for the Intracom - Quang Tri Offshore Wind Power Plant Project (total project investment of about 72,000 billion VND)...

Also in 2024, the province received 441 applications for granting and adjusting investment projects, applications for capital contribution, purchase of shares, purchase of capital contributions and applications for project termination. Of which, the Department of Planning and Investment (now the Department of Finance) received 408 applications (212 applications for project implementation; 173 applications for investment policy adjustment; 13 applications for capital contribution, purchase of shares, purchase of capital contributions; 1 application for project suspension; 10 applications for project termination); the Provincial Economic Zone Management Board received 33 applications (5 applications for project implementation and 19 applications for investment policy adjustment, 9 applications for project termination).

Accordingly, 53 projects were approved for investment policy/granted investment registration certificates with a total capital of VND 14,370.85 billion. On the other hand, the whole province has 2 foreign direct investment projects newly granted investment registration certificates with a total registered investment capital of USD 2.633 million. In addition, there are 5 dossiers meeting the conditions for purchasing capital contributions with a capital contribution value of VND 2,186.9 billion.

Currently, Quang Tri has 28 foreign direct investment (FDI) projects in operation with a total investment of 2,789.032 million USD. Of these, 18 projects are implemented outside industrial parks and economic zones with a total investment of 2,614.664 million USD; 10 projects are implemented in industrial parks and economic zones with a total investment of 174.368 million USD.

In addition to the achieved results, the province's investment promotion work still faces some difficulties and obstacles due to the province's harsh natural and climatic conditions; infrastructure of industrial parks, economic zones, and industrial clusters has not been invested in a synchronous manner; clean land funds are still limited, compensation and site clearance work is still slow in progress...

On the other hand, in recent times, many new laws, decrees and legal documents have come into effect, supplementing and changing existing regulations, causing confusion for agencies in charge of processing, comparing and applying, as well as changes in legal regulations leading to adjustments to the implementation policies of some projects; state management agencies have not adapted quickly to new regulations. In addition, the law changes are not consistent between many regulations and fields, causing difficulties in granting investment licenses to investors.

In 2025, Quang Tri province is determined to continue to increase investment attraction in the province in an effort to successfully complete the Socio-Economic Development Plan for 2025 and the 2021-2025 period of the province; contributing to creating more jobs, eliminating hunger and reducing poverty for the people. Strengthening the capacity to attract investment, improving the investment and business environment, and improving the provincial competitiveness index.

At the same time, create an open, highly competitive investment and business environment, publicize and simplify all administrative procedures related to production and business activities of enterprises, link investment attraction with ensuring national defense - security and environmental protection. Continue to innovate and improve the quality and effectiveness of investment promotion work in conjunction with improving the business environment, supporting and developing enterprises.

Focus on selecting and attracting a number of large investors with financial potential, technology and experience to act as a driving force to stimulate socio-economic development. Investment promotion activities will focus on researching potentials, markets, trends and investment partners; building images, promoting, advertising, introducing the environment, policies, potentials, opportunities and investment connections; supporting, guiding and facilitating investment activities; building information systems and databases to serve investment promotion activities; training, coaching, enhancing capacity in investment promotion, perfecting the apparatus for investment promotion work...

Along with that, the province will gradually improve professionalism, innovate investment promotion content with focus and key points; regularly meet, exchange and discuss with enterprises that have invested in the province to listen, share and solve difficulties of enterprises; support and encourage enterprises to continue to expand production, investment, business, expand new markets; encourage enterprises that have invested to expand scale and depth. At the same time, the province will also strengthen connectivity with neighboring localities in the region, develop value chains, improve competitiveness, optimally and effectively exploit the advantages of the province.

Thien Long

Source: https://baoquangtri.vn/doi-moi-va-nang-cao-hieu-qua-cong-tac-van-dong-xuc-tien-dau-tu-192657.htm