Proposing 6 groups of solutions to increase the efficiency of attracting FDI capital to Hai Duong

The survey results of foreign direct investment (FDI) enterprises that have invested in Hai Duong show that the rate of assessing the province's water and electricity supply capacity as good, respectively 92.5% and 82.5%; the wastewater treatment system and the transportation system, ancillary services are assessed at an average level, accounting for about 30%. The banking and ancillary service system has 75% of opinions assessing it as good, the average level is 17.5%. About 60% assess the investment attraction and investment incentive policies of Hai Duong province at a good level, accounting for the highest rate. About 40% of opinions assess the investment promotion and investment incentive policies as still at an average level. 70% assess the land rental costs, management costs, services, and wastewater treatment costs of Hai Duong as reasonable, at an average level; about ¼ of FDI enterprises believe that the costs in industrial parks are still high...

These are the evaluation figures given in the scientific topic "Assessing the impact of foreign direct investment (FDI) on socio-economic development and proposing solutions to attract FDI in Hai Duong province" by Dr. Le Phuong Nam, Institute of Economics and Development (Vietnam Academy of Agriculture) as the topic leader.

The project management board also proposed 6 main groups of solutions to promote more effective FDI attraction in Hai Duong. These are solutions to improve infrastructure; perfect investment attraction policies; improve the quality of labor resources; promote investment promotion activities; perfect the service system to support production and business; perfect the organization and management work.

Notably, the group of solutions to improve infrastructure such as improving the quality of planning work, especially land use planning, construction planning, urban planning, industry and product planning. Speeding up the approval of detailed planning for a number of industrial parks with favorable locations to carry out procedures for establishment and implementation of infrastructure investment (Gia Loc, Dai An phase 2 expansion, Kim Thanh). Completing the renovation and upgrading of provincial roads; water supply and drainage systems; electricity systems, technical infrastructure, social infrastructure, services outside the fences of industrial parks and industrial clusters; increasing the stability of electricity, water, telecommunications and transport infrastructure supply.

Focus on the appraisal process to assess the feasibility of projects and enterprises applying to lease land in industrial parks and clusters. Avoid the situation where the province concentrates capital on infrastructure construction and directs compensation for site clearance, which is very costly, but then the consideration of land allocation for projects is carried out easily, not to the right subjects, leading to many complications when not all are potential investors. Promote investment with focus, focusing on investors developing industrial park infrastructure chains, organizations providing banking and financial services, corporations with leading distribution channels operating successfully in Vietnam to invest in the province. Restructure the system of vocational training facilities in a direction that is suitable for the scale and needs of industries that are mainly attracting FDI such as construction, mechanics, electronics; anticipate some new FDI trends such as tourism and hotels, etc.

In addition, representatives of the Department of Planning and Investment and the Provincial Industrial Park Management Board attending the project evaluation session also recommended that the project management board add solutions on economic diplomacy and social infrastructure construction such as international schools, international standard hospitals, large-scale, modern entertainment venues, etc.

Concluding the project acceptance session, the leaders of the Department of Science and Technology of Hai Duong assessed that this is a very meaningful project in the context of Hai Duong strengthening solutions to attract investment and improve the investment environment. The solutions proposed by the project management board based on the survey of opinions of many FDI enterprises investing in the province will be practical suggestions for departments and branches to refer to in order to improve the efficiency of attracting FDI capital to Hai Duong in the coming time.