The provincial government is always side by side with businesses in every step, and in 2012, Dong Nai province is confident to attract investment exceeding the target, said Ms Bo Ngoc Thu, Director of Dong Nai province’s Department of Planning and Investment, in an interview with Vietnam Business Forum. Ha Linh reports.
Could you tell us the foreign investment attraction in Dong Nai in the first 6 months of 2012?
In the first 6 months of 2012, attraction of foreign investment achieved good results due to the increasingly improved investment environment in Dong Nai and effective investment promotion activities in 2011 and early 2012. Specifically:
The total newly registered and added capital was put at US$916 million, increased 97 percent compared to the same period in 2011, the authority certified 28 new investment projects with registered capital of US$584 million and 33 added capital projects with US$332 million increased.
New projects with high total investment capital include the project of Lixil Global Manufacturing Vietnam Company Limited (Japan) having US$441 million, producing plastic and aluminum doors and windows used in high-rise buildings with high-quality requirements.
There are two new investment projects in the fields of high-tech production: dental, medical and beauty salon equipment manufacturing projects and receiver, satellite television, cable, security, design, installation, inspection and monitoring of telecommunications equipment project, and projects of the supporting industry.
Besides the successful attraction of new investment projects, many current projects have also registered to increase capital.
What are Dong Nai’s advantages to promote investment attraction?
Dong Nai province in the key economic region of the South, there are many favourable conditions to promote investment. We must mention that Dong Nai has a relatively complete infrastructure system, including power and water supply systems and communications system that can ensure investors requirement. In terms of transport system, the province has many national highways passing through, connecting it with the regions and other provinces in the country. Besides, some highways are under construction and some ports are in use and being invested.
Regarding the industrial sector, Dong Nai has been planned by the Prime Minister to develop 34 industrial parks with an area of over 1,475 ha. So far, there have been 31 industrial parks licensed to be established, in which 25 industrial parks have built comprehensive infrastructure and attracted over 76.5 percent of leased land. The rest of their land and that in new IPs is ready to receive investors. In addition, the Prime Minister has permitted Dong Nai province to establish Xuan Loc–Thong Nhat agro-industrial complex, Long Thanh high-tech industrial park, and Cam My centre for bio-technology and experimentation, along with establishing 3 industrial zones specialized in manufacturing supporting products including: An Phuoc, Nhon Trach 6 Industrial Park Division and Giang Dien Industrial Park Division.
The selected areas for planning industrial parks have advantages in infrastructure, good geology and low construction cost.
With 468,570 ha of agricultural land (accounting for over 79percent of the province), the climate and soil are suitable for the development of industrial crop plantations, fruit trees and large scale livestock operations.
Social security is also focused on by the province. Besides industrial parks, the province also planned locations to build accommodation for workers and services such as supermarkets, restaurants, schools, medical and sport centres. The province provides the most favourable conditions for the infrastructure and the construction company for professionals and service workers.
Dong Nai also implements the motto that the authority accompanies business, always focuses on the work of administrative reform, in the direction of transparency, shortening, and supporting investors.
The settlement of investment licenses for foreign investors follows the one-stop model. Investors can file at the Department of Planning and Investment (if position outside IPs) or file at the Management Board of Industrial Zones (if investment location in the industrial park). These agencies act as the responsible offices until the results are received (including investment certificate and certificate of tax code).
In these current difficulties, how does Dong Nai province accompany and support businesses?
The Department of Planning and Investment, acting as Standing Committee of Action to support enterprises in the province in collaboration with relevant agencies, often monitor the business activities of enterprises of all economic sectors so that they can petition to solve difficulties and problems, especially on mechanisms and policies on the market, aiming to maintain a stable environment to develop business. The province focuses on: Organizing courses on business administration; implementing a plan to stabilize the prices of essential commodities; inspecting and monitoring the power supply, ensuring safe power supply, adequate for customers to use electricity in the province according to the mode-conditioning, reduce electric system load and enhancing the promotion of investment and trade.
The province also actively implements policies on tax reduction and exemption under the direction of the Government in Resolution 13/NQ-CP of 10 May 2012 and guidance of the Ministry of Finance in order to facilitate enterprises to immediately overcome difficulties.
Banking sector gives guidance for the review of lending to consider interest rate reduction as appropriate with the direction of the Government and the Bank Governor, the province also continues to direct commercial banks to focus capital for local economic development, especially to meet the needs of capital for agriculture and rural development, power production, exports and small and medium enterprises.
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