In recent years, Quang Ninh has always set building and improving the investment environment as one of the first priority duties and an important breakthrough stage to become an industrial province in 2015. To beat this target, Quang Ninh is making efforts, promoting and exploiting all of its advantages to attract investment projects.
Especially, in the past time, the Provincial People’s Committee has provided many measures for enterprises to handle difficulties such as land acquisition and investment attraction activities. Thus, so far, many projects have been initiated and progress on some key ones has sped up, helping to create a preferential environment for businesses. At the moment, there are 94 legally valid FDI projects with total registered capital of over US $3.8 billion in the province.
In addition to preferential investment attraction policy, another advantage of Quang Ninh is it belongs to the Northern key economic zone, being the crossroads of two economic corridors and one economic belt, as well as the transmission between China and Northern provinces of Vietnam. Besides, Quang Ninh is granted abundant natural resources, especially the highest coal and limestone reserve, which is convenient to develop heavy and building material industries.
More than such strengths in investment attraction, Quang Ninh always welcomes investors with friendliness, enthusiasm and works alongside enterprises in handling difficulties in their investment and business in the locality.
Provincial Party Committee’s specialized resolution has identified boosting and improving the investment environment as a first priority and an important breakthrough for Quang Ninh to become an industrial province in 2015.
Efficiency of investment attraction activities requires Provincial People’s Committee and related agencies to adopt some specific measures in the coming time. Among those, it is necessary to continue improving and opening the investment environment; and introduce flexible and reasonable preferential policies and procedures with regular reforms so that Quang Ninh can become a more appealing investment destination for investors.
In addition, to create a fair environment for investors, Department of Planning and Investment and Management Board of provincial economic zone have reviewed the projects with investment license or approval for investment. As for those having delayed progress against their commitment, investors having limited financial capacity, or those with favourable premises without construction, their licenses will be withdrawn by the Provincial People’s Committee. In fact, for the past time, Quang Ninh province has also withdrawn and terminated 15 projects with total capital of over US$ 50 million due to delayed progress or incapability of continuing implementation.
Not only creating a preferential environment for investment attraction, the Provincial People’s Committee has also directed agencies to quickly complete industrial planning, construction planning, land use planning so the provincial investment promotion office can be more active in calling for investment and investors will not have to wait.
On the other hand, the province has also sped up infrastructure construction in economic parks, zones, and complexes to open the door for investment projects and create a favourable environment for investment coming to the province.
Moreover, the province also pays attention to improving human resources, especially highly qualifies ones, good management staff and skilled technical workers to meet the demand of enterprises.
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