After many years endeavouring to create a really clear and healthy investment environment and apply ‘red carpet’ policies to attract investors, industrial park (IP) operations in Quang Ngai province have produced significant, positive impacts on local economic restructuring, industrialisation and modernisation.
Quang Ngai has three industrial parks, including operational Tinh Phong and Quang Phu, and underway Pho Phong. Thanks to the policy of “rolling out the red carpet” to attract investors, IPs in the province house 10 new projects with total registered capital of VND300 billion each year - an important factor for local social and economic development. To date, the operational IPs are housing 77 investment projects with an aggregate registered capital of about VND4,451 billion, of which 65 projects have been put into operation, seven are under construction, and five are in the process of preparation. At present, the clean land fund in Tinh Phong and Quang Phu industrial zones is small; thus, Pho Phong will be the main force in attracting investors in the future.
To create the best conditions for enterprises to operate effectively in industrial zones, the Quang Ngai Industrial Zones Authority not only focuses on guiding businesses to deal with investment procedures but also proposes recommendations in running IPs, like manpower source, finance, policies and mechanisms. Apart from protecting the interests of businesses, the authority also regularly supervises and urges them to apply environmental protection policies and carry out environmental impact assessment.
In pursuit of sustainable development, Quang Ngai is giving priority to projects with advanced technologies, energy efficiency, automatic operation and the least environmental pollution. Many large-scale modern projects have been licensed in industrial zones in Quang Ngai province, including VND1,600 billion Saigon - Quang Ngai brewery project invested by Saigon - Quang Ngai Beer Company with an annual output of 100 million litres (Quang Phu IP), and the VND300 billion wood pellet project invested by ViNawood Pellet JSC, using imported advanced equipment and technology. Incentive policies applied to projects in industrial parks have brought initial successes. Industrial parks in the province have created stable employment for over 8,000 workers with an average monthly income of each worker ranging from VND1.8 million to VND4 million.
Mr Doan Tan Hau, Director of Quang Ngai Industrial Zones Authority, said: The province has recently had to turn down some investment projects because of unavailability of clean land fund. Thus, to facilitate infrastructure construction in industrial zones, the authority is asking the provincial authorities for speedier land compensation and permits for investors to carry out land clearance because of limited State-funded finance.
Phong Phu
Vietnamese
