Local Economy

Last updated: Wednesday, May 15, 2019


Many Investor Support Solutions in Place

Posted: Tuesday, March 20, 2018

To attract more resources, Yen Bai province has applied many attractive mechanisms and policies, implemented solutions to tackle emerging issues in administrative procedures to assist enterprises and investors with a favourable business environment. Mr Vu Xuan Sang, Director of Yen Bai Department of Planning and Investment, granted an exclusive interview to Vietnam Business Forum’s reporter on the above contents. Ngo Khuyen reports.

How do you assess the investment attraction results of Yen Bai province in 2017? What are good things to be advanced and bad things to be removed?
In recent years, with its great potential, advantages and opening policies, Yen Bai province has attained impressive investment attraction results, as evidenced by an increase in both projects and investment value.

In 2017, the province issued investment decisions for 47 projects with total registered capital of VND15,478 billion, an increase of 21.4 per cent over 2016. Typically large-scale projects comprised IC12 Industrial - Commercial - Service - Urban Area invested by Hoa Sen Yen Bai Joint Stock Company (VND2,731 billion); new urban area construction investment projects in Yen Bai City invested by Chan Thien My Group (VND4,944 billion); and electronic parts production plants invested by South Korean investors (US$220 million). The province also handed investment certificates to four FDI projects with a total capital of over VND5,250 billion, raising its total FDI projects to 22 with a total realised value of VND444 billion as of December 2017. They earned total revenue of VND880 billion and paid VND107.3 billion to the State Budget in 2017.

In addition to these achievements, investment attraction still saw numerous limitations like ineffective and inconsistent investment promotion schemes, lack of big high-tech projects, slow-moving projects, and absence of big FDI projects. This is because the province lacks professional and specialist investment promotion officers, infrastructure is and industrial infrastructure incomplete, and barriers exist to administrative procedures, land and site clearance.

In the context of limited resources, to avoid scattered investment and promote its competitive edge, what sectors and areas will the province focus on attracting investment capital for until 2020?
The province will focus on attracting strategic investors with rich experience and potential, and projects with advanced technologies that cause little impact on the ecological environment as follows.

Agriculture: Yen Bai province will draw projects engaged in agricultural, aquaculture and forestry production and processing (tea and cinnamon processing, wooden floor processing, non-alcoholic beer production, etc.); new crop and livestock production; high-tech agricultural farm models and forest product processing companies for domestic and export markets.

Industry: Industrial zone infrastructure projects; labour-intensive production projects; agro-forestry processing projects; consumer goods production projects for export; supporting projects for the mechanical engineering, electronics and medical equipment sectors; new materials and new energy projects.

Tourism - service: Community cultural tourism, ecological tourism, entertainment and discovery tourism; transport, logistics and other services. By investing and exploiting ecotourism and indigenous cultures based on three main tourist areas, namely Thac Ba Lake, Yen Bai City and Muong Lo cultural tourist area, by 2020, Yen Bai province will become a tourist centre and a trade centre in the northern midland and mountainous region, link border-gate economic zones with Hanoi, the capital of Vietnam, and connect to the northwest region and the northeast region.

To implement Resolution 35/NQ-CP dated May 16, 2016 of the Government, Yen Bai province issued the Action Programme (Decision 1764/QD-UBND dated August 24, 2016 by the Provincial People’s Committee). As an investment tracker, how do you assess the deployment progress and results achieved in the past year?
With respect to this programme, the Provincial People’s Committee thoroughly informed and educated public employees and institutionalised it into specific tasks. Provincial departments, branches and localities clearly defined their own roles, positions and tasks to every public employee to change their thinking, ways of thinking and acting, to provide enterprises with favourable conditions.

Up to now, administrative procedures concerning business start-ups, social and health insurance and conditional business certificate are streamlined, with overlapping and complex procedures and irregularities removed.

The Provincial People’s Committee directed authorities at all levels to enhance administrative quality; actively supported enterprises from business start-up to production and business operations; and inspected and regulated one-door mechanisms at district and provincial administrative units to ensure smooth operation from provincial to grassroots levels.

However, there are still shortcomings. For example, some provincial departments and localities are not resolute enough to guide and carry out their assigned tasks; lack creativity and coordination among relevant bodies; and lack periodical information reporting to general agencies.

What do you think about the implementation process and results of administrative procedure reform relating to investment attraction of the province in recent years?
In recent years, Yen Bai province has consistently implemented public administration reform solutions in all agencies and departments in order to bring about the highest efficiency.

With the goal of “The satisfaction of citizens and enterprises is used as a measure of administrative reform,” the Provincial People’s Committee has directed departments, branches and localities to review administrative procedures, announce new ones and abolish unnecessary overlapping ones, while publicising administrative procedures at State administrative offices at all levels and on the province’s websites.

The province has also deployed modern electronic single-window software at the Department of Information and Communications, the Yen Bai City People's Committee and the Van Yen District People's Committee, and accelerated administrative modernisation. Particularly in information technology, 39 local State management agencies use the specialised software to handle professional tasks. The province has carried out plans to measure the satisfaction of citizens and organisations with service delivery by State administrative bodies in 2017.

The province signed a cooperation agreement with Vietnam Post Corporation on receipt and delivery of settlement results of administrative procedures by public public-utility post service. The province will test-run the Yen Bai Provincial Public Administration Centre in 2018 and officially operate it from 2020. In addition, the province will continue to support enterprises via the Business Support, Investment Consulting and Promotion Centre of the Department of Planning and Investment and the Trade Promotion Centre of the Department of Industry and Trade.

The Yen Bai Department of Planning and Investment has submitted to the Yen Bai Provincial People's Committee for approval a list of action plans focusing on the following major tasks:

- Coordinating with departments, branches and localities to draw up lists of projects and detailed project information for creating investment promotion documents; advising the Provincial People’s Committee to issue the list of projects in need of investment capital in 2018 and in 2018-2020.

- Further carrying out on-site investment promotion, and supporting existing investors who have prepared to launch their investment projects

- Upgrading quarterly investment promotion newsletters sent to investors to introduce, inform and invite domestic and foreign investors.

- Promoting the image, potential strengths and investment opportunities, and attracting investment projects via central trade promotion agencies.

- Stepping up investment attraction for advantageous areas like agriculture, forestry and fisheries, tourism, service, clean industry and high technology industry.

- Attracting investment capital into key sectors and key projects such as transport infrastructure, tourism, medical services, education and industrial parks to ensure faster connections with the region.

- Studying and identifying localities and investors to enact the best promotion plans; focusing on Japanese and South Korean groups.

- Training and fostering human resources to meet personnel demands of enterprises and projects.

- Reviewing and supplementing preferential policies and investment supports in line with the reality and the budget of the province.

- Changing contents, modes and forms of investment promotion documents; enhancing staff capacity to promote investment and fulfil task requirements.

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