Simplifying Procedures to Attract Investment to IPsin Southern Tien Giang Province

5:27:41 PM | 29/6/2010

Apart from the fully leased My Tho Industrial Park, Tien Giang province has four other industrial complexes, namely 17.5-ha Trung An Industrial Complex, 10-ha An Thanh Industrial Complex (fully leased), 23.5-ha Tan My Chanh Industrial Complex (over 95 percent leased) and 57.9-ha Song Thuan Industrial Complex. Vietnam Business Forum Magazine has an interview with Mr Vo Van Nam, Director of Tien Giang Industrial Zone Authority, on the implementation of industrial zone-located projects as well as preparations for the new period.
Would you mind telling the progress of infrastructure construction and the implementation of investment projects in Tien Giang province in 2009?
At present, industrial parks in Tien Giang province are developed by investors. In 2009, the progress of infrastructure construction and the implementation of investment projects in industrial parks were behind time and because of devastating impacts of the global economic crisis and difficulties in site clearance compensation.
How far has the administrative reform gone ? What is the highlight in the procedure simplification in 2010?
Tien Giang province has three operating industrial zones, covering a total area of 816.47 hectares and housing 42 projects, including 16 foreign invested enterprises and four service companies, with a total registered capital of US$210.19 million and VND1,372.17 billion. As many as 32 projects have started operations to create 12,000 jobs.
As regards administrative reform, the Management Board is applying a single-window regime approved by the province’s People’s Committee. According to this regime, investors in industrial parks only need to submit their investment applications to the Industrial Zones Management Board. Presently, we are simplifying administrative procedures under the Government Resolution 30 on abridging public administration procedures. We reviewed and proposed amendments, supplements and abolitions of unsuitable procedures and records to help investors cut cost and save time.
What is the province’slabour policy?
In the past time, the Management Board regularly updates the labour demand of enterprises to inform job centres and vocational schools to supply enterprises. We also support enterprises to work with districts and local employment units to find workers. We also facilitate businesses to attend employment exchange floors and job bazaars fairs and inform enterprises of new human resources supplies from schools.
How is the preparation for the investment promotion into industrial parks?
The global economic downturn negatively affected investment attraction into Tien Giang province in 2009. In the first quarter of 2010, two investment projects worth US$9 million were licensed to locate factories on two hectares of land in Long Giang Industrial Park. We expect a better result in 2010.
Thanh Tung