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Last updated: Friday, August 18, 2017

 

Industrial Parks and Economic Zones: Increasing Attractiveness to Investors

Posted: Wednesday, May 31, 2017


Dong Thap province has 3 industrial parks (IPs) including Sa Dec, Song Hau and Tran Quoc Toan, with a total area of over 256 hectares, and Dong Thap Economic Zone (EZ) of 31,936 hectares (including two international border gates Thuong Phuoc and Dinh Ba). In recent years, the situation of attracting investment in IPs and EZs in the province has seen many positive developments, creating driving force for socio-economic development and economic restructuring of the province towards industrialization and modernization.

Positive signal
Currently, IPs and EZs in Dong Thap province have attracted 55 investment projects with total investment capital of VND 4,367 billion and US$56.52 million. In particular, in 2016, it had attracted 6 new investment projects with a total registered capital of over VND 1398 trillion. With good strategies and investment, Dong Thap IPs have always reached a high occupancy rate. Specifically, Sa Dec IP occupancy rate was 87.4 percent, Song Hau IP 67.25 percent and Tran Quoc Toan IP 100 percent. The operation of enterprises in IPs has contributed greatly to industrial production growth, provincial budget revenues, increasing export turnover and economic competitiveness.

Beside the advantages of geographical position, traffic, human resources and natural resources, Dong Thap IPs have invested in complete infrastructure systems to meet the demand of investors. However, according to the deputy head of the provincial IP Authority Tran Van Tan, at present, the traffic infrastructure of National Road 30 linking with Tran Quoc Toan IP is being degraded, causing certain difficulties for businesses in terms of traffic and shipment. In the coming time, the province will continue to petition the Central level to upgrade this highway to ensure better transportation and circulation.

Particularly in Dong Thap Border Economic Zone, there are many items which have been completed to attract investors, such as the construction of roads No. 1, No. 2, No. 3, D43, D13, A20 at Dinh Ba International Border Gate , Dinh Ba residential cluster; Infrastructure of the bonded zone of Thuong Phuoc International Border Gate, Ca Sach Market, Dinh Ba International Border Gate Control Station and non-tariff areas. Therefore, the face of Dong Thap Border Gate has been shaped, to invite investors with many attractive incentive policies. Accordingly, the investment projects in the EZ, besides enjoying the policies on exemption and reduction of business income tax, export tax and import tax, are also considered to be eligible for exemption and reduction of land rent fee in accordance with the law on land.

Breakthrough in PAR
Public administration reform (PAR) and the simplification of procedures have always been the leading concern of the EZ Authority, therefore, investment projects in IZs and EZs are generally implemented on right schedule and targets, and land use is effective. Annually, the Board reviews the procedure of implementing administrative procedures under the jurisdiction of the unit to timely evaluate, update, adjust and reduce the time to carry out procedures for investors.

In 2017, the Provincial EZ Authority will continue implementing Resolution 19-2016 / NQ-CP dated April 28th 2016 by the Government on the main tasks and solutions, improving the business environment, enhancing national competitiveness in the two years 2016-2017, orientation to 2020 and the Government's Resolution 35 / NQ-CP dated May 16th 2016 on support and development for businesses by 2020. The Board will also implement the administrative procedures based on Internet (level 4). In addition, the unit will build and advise the provincial People's Committee to promulgate procedures for investment in IPs and EZs in the province. This is considered an effective way to help investors understand the steps in implementing administrative procedures, the composition of the file and the jurisdiction to deal with the administrative procedures of each relevant unit, when the investor makes a new investment project in IPs and EZs in the province.

Taking the opportunity
In order to further promote investment in IPs and EZs, Dong Thap EZ Authority will continue to introduce and promote images and potential investment in IPs and EZs through mass communication; continuously review and reform administrative procedures under the jurisdiction of the unit so that investors can easily implement and strengthen the one-door mechanism with departments and branches to support investors to quickly implement the procedures regarding the granting of investment registration certificates associated with the establishment of enterprises, the granting of construction and other permits for the implementation of the projects. The Board also coordinates with departments and branches to advise and contribute solutions to training and development of local human resources to meet the needs of investors.
Mr Tran Van Tan said that the key task of the Board is to attract investment to fill the existing IPs and propose the provincial People's Committee to establish new or expand IPs under the planning approved by the Prime Minister to create industrial land funds available for investors when needed.

Le Thom








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