Ha Tinh continues to welcome investment waves, building new values

In 2023, Ha Tinh will continue to be an attractive destination for domestic and foreign investors. Large investment capital flows into Ha Tinh's key sectors will create growth momentum, helping the province move quickly on the integration journey.

The event announcing the Provincial Planning for the period 2021-2030, with a vision to 2050, and promoting investment in Ha Tinh, which took place at the end of May, left a strong impression on the province's investment appeal picture in 2023. Right at the conference, Ha Tinh signed a memorandum of understanding on cooperation with 25 major domestic and foreign investors with 36 projects with a total investment of more than 219,000 billion VND.

Leaders of Ha Tinh province presented a memorandum of understanding on cooperation with investors at the conference to announce the Provincial Planning for the period 2021-2030, with a vision to 2050, and promote investment in Ha Tinh. Photo: Archive

Following this success, Ha Tinh has attracted many more large projects from potential investors. Many of these projects have been and are being appraised, such as: Commercial, service, tourism and sports area in the southwest of Thach Ha district; Industrial park (IP) in the west of Ha Tinh city; Gia Lach expanded IP, Nghi Xuan district; Stainless steel factory in Vung Ang economic zone; investment in construction and business of infrastructure of Vinhomes Vung Ang IP; Central park and Lam Hong Garden Park City urban area (Ha Tinh city); Thinh Loc international golf course and resort complex (Loc Ha); Ky Ninh resort (Ky Anh town)...

Mr. Bui Viet Phu - Deputy Head of the Department of Enterprise and Investment (Department of Planning and Investment) said: “The conference announcing the Provincial Planning marks an important step to create momentum for the province's investment promotion activities in 2023. After the conference, the provincial leaders regularly work with investors to realize the signed memorandums of understanding. Up to now, out of 36 projects that signed memorandums of understanding at the conference, 3 projects have been approved for investment policy: Bac Thach Ha Industrial Park Infrastructure Construction and Business Project (Phase 1) - VSIP, Thach Trung Urban Area and Thach Ha Town - MIPEC, International Education City Project - Nguyen Hoang”.

Ha Tinh, along with Lang Son, Thai Binh and Binh Thuan provinces, received the decision approving the VSIP project investment policy from Minister of Planning and Investment Nguyen Chi Dung in August 2023. Photo: VGP/Nhat Bac.

The Bac Thach Ha Industrial Park Infrastructure Construction and Business Project (Phase 1) - VSIP is a bright spot in the list of projects approved for investment in 2023. This is the first project that Vietnam Singapore Urban and Industrial Park Development Joint Stock Company has invested in Ha Tinh. With a total investment of nearly 1,600 billion VND, the VSIP project helps Ha Tinh maintain its position in the top 10 localities attracting the largest FDI capital in the country. The VSIP project is expected to bring a new vitality to the province's socio-economic development, opening up many job opportunities for local people.

According to the Department of Planning and Investment, in 2023, Ha Tinh approved the investment policy of 24 projects, including 22 domestic investment projects with a total registered capital of VND 2,305 billion and 2 foreign investment projects with a total capital of 70 million USD. To date, Ha Tinh has more than 1,480 domestic projects with a total investment of more than VND 140,000 billion and 71 foreign projects with a total investment of more than 16.1 billion USD.

The impressive results in attracting investment mentioned above are thanks to the fact that in recent times, the province has paid attention to developing and issuing many directive documents to improve the investment and business environment and enhance competitiveness. According to the announcement in early April 2023, Ha Tinh's Provincial Competitiveness Index (PCI) ranking in 2022 increased by 9 places compared to the previous year, ranking 18th nationwide; Provincial Governance and Public Administration Performance Index (PAPI) ranked 8th nationwide. The friendly and dynamic development environment, stable political security, along with the province's proactiveness and openness in approaching and connecting have created an attraction for many businesses to invest in the area.

Mr. Tran Viet Ha - Director of the Department of Planning and Investment said: "The year 2023 has passed with many difficulties and challenges, but the province has applied many flexible methods to both create the best environment for investors to implement projects and continue to implement new policies to invite and attract. In addition to efforts to improve the investment environment, the province has established working groups to handle backlogs related to the fields of investment, land, and site clearance compensation. Promotion activities have attracted more strategic investors, thereby creating momentum for socio-economic development for the province".

Ha Tinh strengthens exchanges and learning experiences with provinces at home and abroad to improve the investment environment. In the photo: Leaders of Ha Tinh province and leaders of Trnava region (Slovak Republic) visit Vung Ang Economic Zone.

One of the good ways of Ha Tinh in promoting investment in 2023 is to organize many working delegations to provinces and cities to exchange and learn experiences in improving the investment environment; organize working delegations to promote investment in some European countries. Besides, the province also strengthens the signing of cooperation agreements, exchanges of experiences in socio-economic development, regional linkage with localities such as: Signing a cooperation agreement on socio-economic development, regional linkage between Ho Chi Minh City and 6 provinces in the North Central region; signing a development cooperation agreement with Hung Yen province; evaluating 1 year of signing cooperation agreements with 3 provinces of Thanh Hoa - Nghe An - Ha Tinh.

Mr. Nguyen Phi Dan - Chairman of the Southern Ha Tinh Business Club, Chairman of Quang Phuc Group Joint Stock Company shared: "It must be affirmed that the investment environment of Ha Tinh has improved significantly in recent times. The dynamism in institutional reform and synchronous planning work, and the strategy of investing in connecting infrastructure are favorable conditions for businesses to proactively seek opportunities to return to invest in their homeland".

VinES Battery Factory coming into operation is one of the growth drivers, creating an environment to attract investment in Ha Tinh.

Expanding investment attraction, Ha Tinh is gradually moving towards the goal of becoming one of the development poles of the North Central region, the Central Coast and by 2030 becoming a fairly developed province, in the group of 20 provinces and cities with the highest GRDP in the country. In the joyful song welcoming the new spring, Ha Tinh continues to welcome investment waves, build new values ​​to move quickly, strongly, and steadily on the journey of integration and development.

Phan Tram

Source: https://baohatinh.vn/dau-tu/ha-tinh-tiep-tuc-don-song-dau-tu-xay-dung-gia-tri-moi/261451.htm