Under the orientation to 2020, Quang Ngai will become an industrial and modern province, so in recent years, Quang Ngai has created favourable conditions for investment projects into Quang Ngai. "Leaders of Quang Ngai province are committed to accompanying investors and creating a favourable environment to make Quang Ngai a reliable destination for investors," emphasised Mr Nguyen Duc On, Deputy Director of the provincial Department of Planning and Investment. Cong Luan reports
Quang Ngai has supposedly obtained good investment results, but in the context of current economic difficulties, what solutions have you proposed?
In terms of attracting investment into the province, in recent years, Quang Ngai has achieved quite good results, attracting many big projects from Vietnam and foreign investors, which have important implications in making Quang Ngai an industrial province and helping boost local socio-economic development.
In 2012, the province licensed 20 projects with a total registered capital of about VND4,916 billion. As of June 2013, the province had licensed 302 projects with a total registered capital of VND178 461 billion, including 25 FDI projects with total registered capital of US$4.21 billion.
In the difficult economic context, to achieve its objectives, Quang Ngai is determined to strengthen investment promotion activities. The province identifies that FDI continues to be one of the breakthrough and key tasks in the future.
To perform this task successfully, Quang Ngai has concentrated on directing the authorities to continue to improve the investment environment, promote the reform of administrative procedures, implement one – stop shop mechanism in investment procedures and create an open investment environment. Quang Ngai focuses on helping investors solve difficulties, facilitating investment projects and proactively planning to train human resources to meet the needs of enterprises.
Besides, the province will promote and support investment projects involved in industrial parks’ infrastructure to attract green and light industries. Quang Ngai also makes use of funding for the construction of a centralised synchronous infrastructure system and clearance for land funds. At the same time, the province focuses on choosing the right partners to attract further investment in Dung Quat Economic Zone, such as those from Japan, South Korea, Singapore and India.
The province has been focusing on pushing deployment of infrastructure of Dung Quat Economic Zone and other industrial zones on the surface for investment projects. In the coming time, the province will mobilise domestic and foreign resources to focus on developing synchronized and modern infrastructure systems, giving priority to projects of strategic significance and supporting clearance to create fresh land funds for investors to meet project schedules.
Regarding clearance for fresh land funds, the province is to focus on directing and implementing compensation and ground clearance to help investors quickly implement projects, particularly VSIP project. The province has worked closely with the investor to provide fresh land for
phase 1 of VSIP project in September 2013.
In 2012, Quang Ngai attracted many large-scale projects, especially VSIP Industry-Urban-Service Complex by Vietnam-Singapore Industrial Park Joint Venture Company (investment capital of nearly US$400 million) and signed an agreement with Sembcorp (Singapore) to invest in Dung Quat Power Plant (investment capital of US$2 billion). Could you introduce more about these two projects as well as the importance of the projects for socio-economic development of the province?
1,226 ha VSIP is located along Highway 1A, close to Quang Ngai to the north. Thanks to the strong commitment of the provincial leadership on support for the project, with the active support of all levels and sectors of Quang Ngai province, especially the consensus of the people in the project area, the project is implemented quickly and it is under phase 1 which is 458 ha. This is significant project for Quang Ngai province in promoting rapid industrial development of the province and by 2020, Quang Ngai will become an industrial and modern province. Quang Ngai province, with specific commitments focuses on providing the best for investors with the desire that VSIP will become the model of the province.
It is expected at the beginning of September 2013, the VSIP Industry - Urban - Service project will break ground. As planned, Quang Ngai province will honour Vietnam's Prime Minister Nguyen Tan Dung, Prime Minister of Singapore Lee Hsien Loong, leaders of ministries and central and local agencies and Singaporean Ambassador to Vietnam to attend the opening ceremony of the project.
About support for these 2 projects, Quang Ngai has submitted requests to the government to add Dung Quat Thermal Power Plant project (1,200 MW capacity) to the country's power planning and Deputy Prime Minister Hoang Trung Hai has agreed to include it in the power plan VII, which is expected to put into operation after 2020. In addition, Quang Ngai province has also agreed to invest in three infrastructure works to support the site clearance for VSIP Quang Ngai, with a total investment estimated at VND166.2 billion, of which phase 1A costs about VND89.3 billion. Estimated time to complete the three works is by 2014.
To continue to be the destination for investors, what advocacy and orientation have you adopted to create a good investment environment for investors when choosing Quang Ngai?
It can be seen that infrastructure issues are important for the development of industrial parks and economic zones. For Dung Quat Economic Zone, the province continues to invest in the construction of the necessary infrastructure in the areas to create conditions to promote investment. The province continues investing in infrastructure and Dung Quat Port 2, improving the quality of transport, ensuring service freight traffic and travel needs of the investors. Besides the province plans and orients to develop urban and service infrastructure areas to meet the future needs of Dung Quat. Specifically, the province will plan Van Tuong urban area, Doc Soi urban area, Sa Ky area; and invest in Tinh Phong - Dung Quat Port 2 with the total length of about 16 kilometres, connecting Da Nang-Quang Ngai highway to Highway 1A with the Dung Quat Port 2; and invest in the Dung Quat - Sa Huynh highway.
In addition, the province will also give priority to attracting a number of small and medium scale projects in light industry, tourism, health, education and culture. The province will do its best to facilitate investors to implement projects. At the same time, Quang Ngai will call for investment in ancillary services such as golf courses and new urban areas, to create a good investment environment for investors when choosing Quang Ngai.
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