Hai Duong innovates investment promotion activities

Diversified promotional activities

Although the world and domestic situation has many fluctuations when the consequences of the Covid-19 pandemic last for a long time, conflicts, wars, and inflation are surrounding... affecting economic development and investment attraction, Hai Duong is still determined to improve the investment environment and enhance competitiveness. The province considers investment promotion as a breakthrough to create an impression and attract investors.

In 2023, in addition to actively participating in programs to promote investment, the province also proactively organized conferences to meet and exchange information for investors and businesses to grasp information and opportunities when investing in Hai Duong. At inter-regional events such as the development of the Red River Delta, the connection of the eastern expressway axis, etc., the province's advisory agencies also fully and thoughtfully prepared documents to introduce investment opportunities and potential in the area. The development of publications to promote and introduce the investment environment in the province was carefully and methodically prepared.

In May, Hai Duong successfully organized a meeting between provincial leaders and foreign direct investment (FDI) enterprises to directly listen to and resolve difficulties and obstacles for investors operating in the area. Thereby, strengthening the business community's confidence in the government's management capacity. In addition, the province also integrated foreign affairs activities with investment promotion when welcoming Korean, Japanese, and Chinese investors to visit, work, and learn about the province's investment policies and environment.

The Department of Planning and Investment regularly exchanges and provides information on policies and investment attraction areas with Vietnamese representative agencies abroad as well as foreign representatives in Vietnam to connect and build an investment promotion network. Recently, the provincial working delegations led by the Standing Committee of the Provincial Party Committee, together with leaders of departments, branches and representatives of a number of enterprises, directly promoted investment in the United States, Japan, France, Belgium and the United Kingdom to seek opportunities and attract investment in projects with economic potential, high technology and clean technology to the province. This demonstrates the province's interest, respect and goodwill in calling for investment projects.

Creating a favorable investment environment

In addition to implementing a variety of domestic and international investment promotion activities, the provincial leaders requested the advisory agencies to regularly compile periodic or ad hoc reports on project progress to promptly remove difficulties and obstacles for businesses and investors. Investment management has been strengthened, regularly monitoring and supervising project implementation progress. Planning and infrastructure investment in industrial parks and industrial clusters have been accelerated. New regulations on land, energy, human resources and technical infrastructure, transportation, etc. have been updated and reviewed regularly, ensuring that industrial parks and industrial clusters are fully invested in technical infrastructure to attract secondary investment projects.

Investment procedures are resolved quickly and within time, limiting backlog and overdue records. State agencies and units of the province are actively increasing the number of records received and resolving administrative records through online public services at levels 3 and 4. Currently, 100% of administrative procedures, fees and charges, planning documents, plans, legal documents, budget documents according to the functions and management tasks of each unit are made public, helping businesses and investors easily access them. This creates favorable conditions for people and businesses to save time and money. The province regularly updates the list of projects calling for investment, bidding projects to select investors and preferential policies, support, administrative procedures related to investment, business, data on the socio-economic development situation of the province so that businesses can proactively access information and learn about investment.

Thanks to the synchronous implementation of investment promotion solutions, the province's investment and business environment has improved, as shown by the results of attracting domestic and foreign investment. In the first 10 months of 2023, 124 domestic investment projects were attracted, including 27 newly licensed projects with a total registered capital of more than 3,200 billion VND. Foreign investment attraction achieved good results, 673 million USD, double that of the same period last year. The whole province had 1,569 more enterprises established with a total registered capital of nearly 13,300 billion VND, an increase of 18.5% in the number of enterprises and 21% in capital compared to the same period last year.

At the Department of Planning and Investment, from the beginning of the year to November 13, the investment sector in Vietnam has received 497 dossiers, of which 196 dossiers have been resolved (192 dossiers resolved before the deadline); 301 dossiers are being resolved (within the deadline: 297 dossiers); there are only a total of 7 overdue dossiers (both resolved and being resolved). The investment sector using official development assistance (ODA) capital and non-refundable aid not included in official development assistance has a total of 25 dossiers received, of which 17 dossiers have been resolved, 8 dossiers are being resolved. The business establishment and operation sector has received 8,642 dossiers, of which 8,628 dossiers have been resolved (6,902 dossiers resolved before the deadline, 1,726 dossiers resolved on time), the rest are being resolved.