Attracting domestic investment and foreign direct investment (FDI) is an important resource, creating a great driving force for the city's economic development. Therefore, the city pays great attention to and directs the work of promoting and calling for investment... Da Nang Newspaper had an interview with Director of the City's Investment Promotion and Support Board Huynh Lien Phuong about this content.
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| Director of the City Investment Promotion and Support Board Huynh Lien Phuong |
* To promote investment attraction from domestic and foreign enterprises in the coming time, what solutions does the city have, madam?
- The city has identified 2023 as the "Year of focusing on unlocking resources, attracting investment, maintaining economic growth and ensuring social security", so the city focuses on continuing to improve the investment environment through quickly resolving procedures, accelerating planning work and supporting the implementation of land access procedures to anticipate investment projects.
The key solution in terms of planning is to focus on completing zoning plans according to the Master Plan approved by the Prime Minister in Decision No. 359/QD-TTg dated March 15, 2021 on approving the adjustment of the Master Plan of Da Nang City to 2030, with a vision to 2045. Regarding infrastructure, speed up the implementation of infrastructure projects for socio-economic development, especially key, dynamic and regional linkage projects such as: Lien Chieu port, expanding National Highway 14B, implementing the construction of La Son - Tuy Loan expressway (Hoa Lien - Tuy Loan section), expanding the southern Hai Van bypass; the road connecting the High-Tech Park with the North-South expressway, the coastal road connecting Lien Chieu port, etc.
Putting into operation Software Park No. 2; Cam Le Industrial Cluster; completing procedures for selecting investors to develop infrastructure for Hoa Cam Industrial Park phase 2; completing procedures for organizing bidding to select investors to develop infrastructure for Hoa Ninh Industrial Park; continuing to auction land use rights for land plots calling for investment in projects of international trade centers, nursing homes, international hospitals, international inter-level schools, etc.
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| Da Nang High-Tech Park is attracting the attention of foreign businesses to invest. Photo: THANH LAN |
At the same time, thoroughly resolve problems related to planning and investment procedures, move towards starting and implementing a number of large-scale investment projects that have been granted investment licenses, and restart a number of real estate and urban area projects. Along with that, support investors in researching and implementing projects that have been granted investment research notices, sign memorandums of understanding on cooperation; continue to effectively support local investors in expanding production and increasing investment capital.
Complete and put into use a digital map of projects calling for investment in Da Nang, creating convenience for investors to find information and project investment locations in the digital environment, not limited by geographical distance.
In particular, regarding promotion work, the 2023 Investment Forum will be organized (focusing on calling for investment in the fields of seaport infrastructure, high-tech industry, information technology, startups and innovation; urban infrastructure development, eco-tourism areas, etc.).
* Which markets will be focused on attracting FDI capital in the coming time?
- In the coming time, the city will focus on increasing access to potential investors in key foreign markets such as Japan, Korea, the United States, India, China, etc.; focusing on mobilizing and attracting investment from large corporations.
In 2023, the city will proactively approach and invite potential domestic and foreign businesses and investors to invest in the city. In addition, for the high-tech sector - the city's development focus in the coming time, the city will focus on completing the technical infrastructure of the High-Tech Park and completing procedures for the Industrial Park supporting the Da Nang High-Tech Park.
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| During his working trip to Japan, on March 31, Permanent Vice Chairman of the City People's Committee Ho Ky Minh (second from right) visited and worked with leaders of Mitsubishi Corporation to directly promote investment in Da Nang. Photo: IPA Danang |
Regarding the information technology sector, one of the city's outstanding strengths in recent times, the city has planned to implement solutions to improve the quality of human resources in parallel with prioritizing investment in information technology infrastructure to increase investment attraction in this sector.
In the high-quality service sector alone, the city is calling for investment in many projects such as international commercial, sports and entertainment complexes... Some land plots calling for investment in education and healthcare projects have been successfully auctioned and will be built in 2023. Many projects are in the process of implementing the necessary procedures for auction in 2023.
* The results of attracting investment to Da Nang have achieved many positive signals, but there has not been a breakthrough, especially in attracting FDI capital. So what is the reason?
- In the past year, the situation of attracting foreign direct investment in Da Nang has not yet reached the expected level. Objectively and subjectively, we can see that the city's land fund for production is still limited. Industrial zones do not have many preferential policies, so it is difficult to compete with neighboring localities.
Investors who want to invest and enjoy investment incentives at Da Nang High-Tech Park must meet the criteria on products and technology… according to regulations. In reality, the number of investors meeting these criteria is still quite modest.
In addition, attracting projects in the fields of healthcare, education, trade services, logistics, and industrial park infrastructure has encountered many difficulties and prolonged time, mainly due to complicated procedures related to planning, land auctions, and bidding for projects using land.
Some legal regulations are still overlapping, not specific and clear. In addition, the supporting industry in the city is underdeveloped, lacking in both quantity and quality; human resources in high-tech and information technology industries are still lacking...
* What are the areas in Da Nang that are attracting attention and are attractive to investors, madam?
- Currently, the city has many fields attracting the attention of domestic enterprises in particular and FDI enterprises in general such as: industrial production, high technology, currently accounting for more than 50% of registered investment capital in the city.
Up to now, the total registered investment capital in Da Nang High-Tech Park has reached about 850 million USD with 27 projects. The information technology sector currently has nearly 100 FDI enterprises operating; and there are more than 20 enterprises in need of renting offices in Software Park No. 2…
* Thank you for the conversation.
Performed by THANH LAN
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