The operation of single-window model in Thai Nguyen province is playing increasingly important roles in combining concerned departments to reduce expenses and shorten the time required for investors to complete investment procedures. In the first six months of 2011, the single-window department advised the Provincial People’s Committee to approve 70 projects with a combined registered capital of VND16,911.96 billion.
According to the Department of Planning and Investment, Thai Nguyen province has approved and licensed some 460 projects with a total registered investment capital of over VND15 trillion. Particularly, 200 licensed projects have a total investment capital of VND76,823 billion and 260 approved projects are capitalised at VND73,149 billion.
Tourism and services sectors draw the most capital of VND82,522 billion, accounting for 53 percent of aggregate registered capital, followed by industrial and mining sectors with VND30,627 billion, or 36 percent of the registered capital. The industry and service sectors exert a pull on investors. Many investors pour their money to build trade centres and high-grade hotels, helping boost the economic restructuring of Thai Nguyen province.
Thai Nguyen is very active and creative to improve the investment climate. Arguably, the betterment of investment environment in Thai Nguyen province is attached to the improvement of services provided by administrative authorities. The service quality of administrative authorities will be translated into the support for businesses. Besides, the province has also focused on improving economic sector development plans, administrative procedures to provide conditions most favourable for investors and businesses to establish and plan their investment projects.
Authorities at all levels are always very active to organise direct meetings and dialogues with businesses, listen to their aspirations as well as difficulties they face when they do business in the locality, and help them deal with unexpected nuisances. These activities have become regular, helping many policies to be carried out effectively and strictly.
Notwithstanding impacts of economic crisis in previous years, the amount of capital is rising up in 2011. Many large-scaled projects have been registered, implemented and operated effectively in Thai Nguyen province, including Hanoi - Thai Nguyen highway, Da Phuc inland IDC clearance depot, Viettel Thai Nguyen building, Bac Son Minh Cau Road, South Korea’s Shinwon project, and investment projects in Nui Coc tourist site.
The province has intensified examination over investment progress of registered projects to enhance the fulfilment of commitments investors made to authorities. Recently, the Department of Planning and Investment has submitted an examination report to the Provincial People’s Committee and proposed revoking 22 investment projects which fail to keep up with registered pace. This strong move is aimed to create a transparent investment environment and put an end to the land wastage. Besides, the department has developed the “investment environment improvement project for the 2011 - 2015 period and submitted it to the Provincial People’s Committee for approval. It has also put forth solutions with respect to investment environment improvement and built programmes for partaking in the agricultural rural investment attraction programme for northern mountainous area in 2011 launched by the Ministry of Agriculture and Rural Development.
It has closely coordinated with advisory bodies to promote investment in the province. In the first six months of 2011, Thai Nguyen welcomed 50 investor delegations (15 foreign investor delegations and 35 from the other provinces and cities in the country) with more than 150 investors. With the robust progress in investment activities at present, Thai Nguyen province hopes to become a key economic zone in the north of Hanoi sooner than expected.
Thanh Nga
Vietnamese
