After many years “rolling out the red carpet” to invite and attract investors, the amount of investment capital channelled into industrial parks in Quang Nam province has continuously increased, thus playing a more important role in restructuring the provincial economy and creating more jobs for local people.
Along with planning and developing industrial zones, the Quang Nam Industrial Zones Management Board always closely joins hands with all relevant agencies to attract investment capital for them. Apart from investment promotion conferences held by the Ministry of Planning and Investment, the board also organises direct contacts and working sessions with big corporations like Sojitz Corporation, Sumitomo and Vinacapital. Especially in May 2010, the board attended a big trade promotion event in Ho Chi Minh City and worked with many world-leading corporations there.
To date, Quang Nam province-based industrial zones house 61 investment projects (excluding infrastructure development projects), of which 15 projects are foreign-invested and 46 projects are Vietnamese-invested. Their combined investment capital is more than VND2,221 billion and US$ 291.117 million. At present, 55 projects are steadily operating and employing more than 21,000 workers. The remainder are in the process of construction. By applying one-door mechanisms for administrative procedures and ISO9001:2000 international quality management standard to its operations, the board manages to persuade even most demanding investors to do business in local industrial parks.
In 2010, companies in industrial parks made a total industrial production value of more than VND3,331 billion, accounting for 32.9 percent of the province’s total, and recorded export revenues of US$93.575 million, making up for 37.2 percent of the province’s exports. Besides, industrial park-based companies help increase the budget surplus of the province and create many jobs for local people, thus contributing to annual socioeconomic development of the province this year and in following years.
Mr Huynh Thanh Tong, Director of the Quang Nam Industrial Zones Management Board, said the formation and development of industrial zones in the process of restructuring the economy towards industrialisation and modernisation have created an economic engine for the province. Nonetheless, as a poor province with less favourable natural conditions and more limited socioeconomic infrastructure but more natural calamities like flooding than other provinces, to develop industrial parks more robustly and effectively, the Provincial People’s Committee needs to offer more priorities for site clearance, resettlement and land compensation in building industrial parks.
For its part, the board will speed up administrative procedure reform and provide all favourable conditions for investors to complete administrative procedures in a shortest period of time to enhance the attractiveness of the investment environment and strengthen the trust of investors. It will intensify investment promotion activities, directly approach and support highly-determined investors, encourage downstream processing, material-effective and environment-friendly projects. Besides, it also strengthens management over operating companies to ensure good labour relations, environment treatment and fire prevention, timely resolves difficulties and challenges for them or propose matters out of its authority to higher authorities to help companies in industrial parks operate more effectively.
Thanh Tan
Vietnamese
