With many drastic and synchronous solutions, the province's investment promotion work in recent times has had many positive signals, contributing to promoting potential and attracting investment for domestic and foreign enterprises.
Enterprises from Thailand participate in introducing and displaying products at the first "Meet Thailand" conference held in Quang Tri province in 2023 - Photo: HT
In 2023, Quang Tri province issued a document directing departments, branches, units, and localities to organize the implementation of solutions and policies to support and develop businesses and improve the investment and business environment.
In particular, the Provincial People's Committee has issued a decision to establish an Administrative Reform Steering Committee and a Special Working Group headed by the Chairman of the Provincial People's Committee to remove difficulties and obstacles and support businesses and investors in the area. At the same time, information technology is applied to make processes and procedures transparent; and mobilize the participation of businesses and people in government building.
Administrative reform is carried out comprehensively and synchronously to simplify and shorten the time for handling administrative procedures in the fields of land, tax, labor, market, import-export activities, etc.
Accordingly, relevant departments, agencies and sectors proactively propose solutions to improve the investment environment, increase the PCI index; strengthen administrative procedure reform, especially procedures related to granting business registration certificates, investment policies and investment registration certificates.
Up to now, the province's online public service portal has provided 857 full online public services, 758 partial online public services and 422 administrative procedures.
Statistics on the province's online public service portal also show that the rate of online records in the whole province reached 48.43% of the total 153,156 records received (excluding the remaining records at the beginning of the period); 100% of agencies and units received and processed records and administrative procedures on the centralized and unified administrative procedure settlement information system in the whole province.
Initially, many investors, including large, prestigious corporations in the country and the world, came to survey, work, and learn about investment opportunities in Quang Tri province. Notably, Hoa Phat Group Corporation discussed and learned to study and propose an investment project in the Southeast Quang Tri Economic Zone; Central Group Vietnam Corporation and Dong Duong Real Estate Investment and Trading Joint Stock Company came to study and invest in building a commercial center in Dong Ha City; ENI Vietnam Energy Company discussed and sought cooperation opportunities for a gas energy project in the Southeast Quang Tri Economic Zone; Infrastructure and Transport Construction Investment Joint Stock Company surveyed and prepared documents to request additional planning for the Intracom - Quang Tri offshore wind power plant project...
In 2023, 50 projects were approved for investment policy/granted investment registration certificates with a total capital of VND 3,473.64 billion. Also in 2023, the province had 2 foreign direct investment (FDI) projects newly granted investment registration certificates with a total investment of 1.3 million USD. Currently, the province has 21 FDI projects in operation with a total registered capital of 2,536 million USD, of which 16 projects have been completed and put into operation, creating regular jobs for 2,500 workers.
Despite achieving quite positive results, the province's investment attraction work is also facing many challenges due to the province's relatively harsh climate and weather conditions. On the other hand, the infrastructure of industrial parks, economic zones, and industrial clusters is mainly invested with capital from the state budget, so there are still many difficulties and limitations.
In addition, in the past, there were still many "barriers" for investors, such as the complicated land acquisition and land use conversion process, in reality there was an overlap between the Land Law and the Investment Law; the staff directly carrying out site clearance work in localities in the province was still thin; the source of qualified and skilled labor was still lacking... causing investment attraction to not bring about the desired results.
With the goal of increasing investment attraction in the province to contribute to the successful implementation of the province's socio-economic development plan for 2024 and the 2021-2025 period, the Provincial People's Committee has issued the Investment Promotion Program for 2024, which clearly identifies investment promotion activities that will focus on implementing 3 strategic breakthrough goals, including: institutional innovation, administrative reform; improving the quality and efficiency of human resources and strategic infrastructure, traffic infrastructure; effectively implementing on-site investment promotion work, supporting investors.
Focus on attracting investment in potential, key areas and industries based on local comparative advantages such as: energy industry, agricultural - forestry - fishery processing industry, silicate industry, textile industry, high-tech agriculture... At the same time, consider the goal of improving and protecting the investment environment as a key task in investment promotion, taking on-site investment promotion as the core.
In addition, investment promotion activities in 2024 will also focus on researching potentials, markets, trends and investment partners; building images, promoting, advertising, introducing the environment, policies, potentials, opportunities and investment connections; building information systems and databases to serve investment promotion activities; at the same time, developing cooperative relationships with international organizations, international consulting firms and universities to connect and increase the effectiveness of investment attraction.
It can be affirmed that investment promotion activities are always identified by the province as playing a very important role in the socio-economic development of the locality.
In the coming time, the province will strengthen its direction on investment promotion in a focused and key manner; concentrate resources on developing infrastructure, clearing land to create clean land to attract investment; regularly meet and dialogue with businesses and investors to promptly remove difficulties and obstacles, thereby creating solid progress for the province in building an optimal and modern investment environment, creating new investment advantages, improving growth quality, thereby making Quang Tri develop more and more quickly and sustainably.
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