Effectively mobilizing investment capital to create development momentum

In order to attract resources for investment and development, in recent times, Ninh Thuan province has focused on reviewing, adjusting, and supplementing planning, gradually removing overlaps in planning, linking regional planning with sectoral planning, creating consistency, vision, openness, transparency, meeting management requirements, attracting investment, exploiting and promoting the potentials and advantages of the province better. Synchronously deploying many solutions to support and develop private enterprises; Enterprises develop in both scale and quality; scope and fields of industry are expanded and diversified. Investment promotion activities, improving the investment and business environment have been focused on, and investment attraction results have been quite good. In particular, attracting investment from the private economic sector increasingly accounts for a large proportion of the total social investment capital.

Du Long Industrial Park (Thuan Bac). Photo: Van Mien

From 2021 to 2024 alone, the whole province has 1,701 newly established enterprises with registered capital of 32,386.2 billion VND; bringing the total number of enterprises by the end of 2024 to 4,613 enterprises/97,380.8 billion VND, with an average capital size of 21.1 billion VND/1 enterprise, an increase of 1.4 times compared to 2020. In the province, many large enterprises with capital of over 1,000 billion VND have appeared, such as: BIM Group, Trung Nam Group, Xuan Thien Ninh Thuan Joint Stock Company, CMX Resunseap Solar Power Joint Stock Company...; Foreign direct investment (FDI) enterprises investing in renewable energy and high-tech industries are increasingly appearing. To date, there are 43 FDI enterprises from 15 countries and territories with a total registered investment capital of more than 1 billion USD... Many completed projects put into use have been effective, promoting socio-economic development, improving the appearance of urban and rural areas in the province...

Typically, Trung Nam Ca Na International Port has a total investment of about 5,626 billion VND invested by Trung Nam Ca Na International Port Joint Stock Company. This is one of the deep-water ports in the country with the ability to receive large-tonnage ships. Once completed, it will create a driving force for the development of the southern key economic region of the province. According to the plan, Ca Na general port is a type II seaport belonging to group 3 seaports, with an area of ​​566.93 hectares, port infrastructure including 18 wharfs with a total length of wharf areas of 5,348m, serving bulk cargo ships, general cargo, containers and LNG and liquid cargo ships up to 100,000DWT and larger when qualified. Currently, the investor has completed wharf 1A in December 2022 (building a wharf with a tonnage of up to 100,000DWT), completed the procedures for granting official customs codes to receive international ships in May 2023 (Received and transported over 1 million tons of goods).

Ca Na General Port (Thuan Nam). Photo: Van Ny

For Wharf 1B, the investor is continuing to construct a wharf with a capacity of up to 100,000DWT, with a wharf area length of about 300m. It is expected to be completed and put into use in June 2027. This is an important project, a premise for the formation of the Southern Coastal Economic Zone to integrate Ninh Thuan province more quickly and strongly with the country, the region and the world. Thereby creating an important driving force to maximize the potential and advantages of the provinces, increasing the attractiveness to domestic and foreign investors; at the same time, expanding the development of the transportation chain, logistics of goods, equipment, and raw materials from energy projects that have been and are in operation as well as key energy projects such as: Ninh Thuan Nuclear Power Plant, LNG Gas Power Plant, offshore wind power plants that will be deployed in the coming time. Or like BIM Group, seizing the opportunity, since 2018, it has started and completed 3 solar power plants BIM 1, 2, 3, by 2020 it has reached a total capacity of 405 MWp.

To complete the goals set out in the Resolution of the 14th Provincial Party Congress, in the coming time, the province will continue to focus on improving the quality and efficiency of business in the private economic sector; creating a favorable investment and business environment for enterprises to access resources in terms of capital, land, and resources, ensuring transparency and equality according to market mechanisms. Attracting foreign-invested enterprises in high-tech, environmentally friendly projects, especially in supporting industries, energy, new materials, electronics, etc. Promoting the effectiveness and leading role of the state in investment in non-state investment, expanding aggregate demand through effective implementation of investment and consumption stimulus policies. Focusing on thoroughly removing difficulties and obstacles, especially in compensation, site clearance and accelerating the progress of investment in infrastructure construction of industrial parks and industrial clusters to create land funds and clean areas to attract investment; Speed ​​up the implementation of legal procedures for real estate projects so that people can easily invest in housing construction, stimulate real estate transactions... Promote administrative reform, continue to implement solutions to effectively attract many large domestic and foreign investors to key development projects and expand international cooperation to improve competitiveness, promote investment towards sustainable development and comprehensive modernization.

Spring Binh

Source: https://baoninhthuan.com.vn/news/152307p1c25/huy-dong-hieu-qua-nguon-von-dau-tutao-dong-luc-phat-trien.htm