Lam Dong Gives Strong Support to Businesses

10:02:12 AM | 11/1/2013

For the past years, the Lam Dong Investment, Trade and Tourism Promotion Centre has quickly confirmed its position as a professional organisation with the primary function of attracting investment into the province and acting as a big supporter for local businesses to promote products, develop brand names, and conquer consumers. The Vietnam Business Forum has an interview with Mr Vu Van Tu, Director of Lam Dong Investment, Trade and Tourism Promotion Centre, on these aspects. Hong Hanh reports.
Could you tell us about investment attraction results in Lam Dong province in the past time?
In the first nine months of 2012, Lam Dong province arranged investment locations for six projects with a total registered capital of VND196.5 billion and granted investment certificates to 23 projects with a total registered capital of VND3,999 billion and in need of ​​1,124 ha of land. The province also arranged investment locations for three foreign-invested projects worth US$11.35 million and handed investment certificates to five foreign projects valued at US$11.35 million in the nine-month period.
So far, investment projects are tapping local potentials in line with socioeconomic development orientations. Some operational projects are supporting local socioeconomic development, creating jobs for local people, and increasing local budgetary incomes.
To attract investment, the province always ensures all incentives provided by the central government. Apart from the country’s general incentives, the Provincial People’s Committee also applies local incentives for investors, particularly personnel training support, and special incentives for certain industries and localities.
Lam Dong province has continued removing obstacles in land revocation, capital access and site clearance for investors. Besides, the province has focused on reforming administrative procedures, especially those trouble the people and businesses.
What about the centre’s efforts to perform its bridging role for enterprises and authorities?
As regards investment promotion and business support, the centre has organised a lot of activities to introduce potentials and opportunities of investment in Lam Dong province, organised and participated in many investment promotion forums in the country and in the world, as well as business support activities. These activities have produced good results and brought many investors to the province. Besides, we regularly notify investors and businesses of legal regulations, mechanisms, and policies on investment attraction, enhance the quality of investment promotion activities, meetings and authority-to-business dialogues, and actively support them to deal with difficulties and challenges when they carry out their investment projects. The centre also serves as a coordinator in implementing business development support, especially for small and medium-sized enterprises (SME) in accordance with the Government’s Decree No. 56/2009/ND-CP dated June 30, 2009 on assistance for SME development and the Prime Minister’s Decision 1231/QD-TTg dated September 7, 2012 on approval of SME development plan in 2011-2015.
In trade, the centre organises and supports businesses to take part in trade promotion and market development survey programmes in domestic and foreign markets. It cooperates, builds and links with potential domestic markets to facilitate Lam Dong province’s products to penetrate other provinces and cities in the country and gradually reach out to foreign markets. It also boosts information on socioeconomic situation, major programmes, and trade promotion policies to domestic and foreign companies via available channels. This support is helpful for domestic and foreign companies with intention to exploring and investing in Lam Dong province.
In tourism, the province actively participates in joint tourism development cooperation programmes with other localities. To date, Lam Dong province has signed tourism development cooperation programmes with six provinces and cities, namely Ho Chi Minh City, Can Tho, Kien Giang, Binh Thuan, Da Nang and Dak Nong. In the coming time, the centre will continue studying surveys and signing tourism cooperation programmes with some Southeast and Southwest provinces. It also takes part in other activities like cooperation programme with Vietnam Airlines Corporation, Famtrip in key markets, trade fairs and exhibitions in various provinces and cities in the country.
Would you be kind enough to tell us about solutions to resolve difficulties and obstacles to accelerate investment promotion in the coming time?
To remove difficulties and obstacles for businesses and boost investment promotion in the coming time, we will continue stepping up public administration reform, shortening waiting time for this procedure, and enhancing the efficiency of settling administrative procedures at State management agencies at the service of investors and businesses. We will complete our land planning in order to create land fund for investment projects and make investment project lists. In infrastructure, the province focuses investments on social and economic infrastructure and resettlement zones for resettled residents for investment projects. We specially attract investors to build Dau Giay - Lien Khuong freeway.
In addition, the province gives priority to human resource training, especially high-quality human resources, to meet economic development and integration demands in the coming years. By 2015, the proportion of trained workers will reach 35-40 per cent of the workforce. It will effectively carry out land compensation, site clearance, resettlement and career training. The province will also inspect investment progress of investors.
Could you talk more about Lam Dong province’s investment attraction directions for the coming time?
We will give priority to investment projects involved in export food and agricultural product processing, high technology, tourism - services, infrastructure, education, culture and sports.
Pertaining to investment attraction incentives, Lam Dong province applies the highest level of incentives provided by the central government for investors. The central government’s incentives include land taxes and rents, water surface rents, corporate income tax, import and export tax. Investors will be financially supported if they train and employ local people as stipulated in the Decision No. 64 / 2009/QD-UBND dated July 7, 2009 of the Lam Dong Provincial People's Committee.
Projects given priority to attract investment capital include International University Village; Dan Kia - Da Lat Tourist Site; Lien Khuong New Urban Zone; Dau Giay - Lien Khuong Expressway; Da Lat - Thap Cham Railway; Loc Son Industrial Park (second phase); Phu Hoi Industrial Park (second phase); industrial complexes of Dinh Van, Gia Hiep, Ka Do, Loc Thang, Loc Phat and Phat Chi; Dalat Culture and Sports Centre; Da Lat Biotech and High-tech Agricultural Zone; and Cao Ba Quat Resettlement Zone.
Investment Promotion and Business Support Department - Lam Dong Investment, Trade and Tourism Promotion Centre
Address: No. 2-4 Tran Quoc Toan Street, Ward 3, Da Lat City, Lam Dong Province
Tel: 063.3533167 - 063.3832964; Fax: 063.3811656.