To improve investment environment, together with preferential treatment by the central government, Binh Thuan is determined to cancel slow implementation projects and create opportunities for investors who have real interests in the province. Vietnam Business Forum discussed the issue with Mr Luong Van Hai, Director of Binh Thuan Department of Planning and Investment. Hong Ha reports
As Binh Thuan province has promised to go hand in hand with investors, improve mechanism, policy and administrative formalities to ensure a friendly environment for investors and mutual development, how do you implement those commitments?
To attract investments, Binh Thuan has focused on administrative reform with one-stop shop (including granting business licenses, tax and seal registration, processing documents of commune and district levels and amending 48 regulations). So far 19 out of 20 offices, 5 sub-offices and 4 units, all 10 districts and towns and 127 communes have applied one-stop shop in receiving and processing documents of organizations and citizens.
The province has recorded initial successes in modernizing the State administration. 12 offices has attained ISO 9001:2000 while 7 others are under the process to receive ISO 9001:2008. Supervision and control are under way to reinforce performance and disciplines. The application of information technology has improved the working style and efficiency of the staff.
The province also asked authorities at all levels to review and regulate formalities relating to investments and business activities, access to land and capital, construction permit and taxation, to save time and money and encourage investors in socio-economic development.
Could you single out some cases of slow implementation and inefficiency?
To supervise and monitor business activities, Binh Thuan People’s Committee has issued Decision 13/2010/QD-UBND on procedures and responsibilities of investors and State organizations in implementing non-State financed projects and business activities.
The province has set up Supervision Team to review the implementation and remove constraints of the projects at the same time can recommend the cancellation of slow implemented projects. From 2005 up to now, there are already 165 projects being cancelled.
The Department of Planning and Investment in conjunction with related authorities will continue to remove difficulties of investors and at the same time cancel slow implemented projects.
In the first half of 2011, Binh Thuan licensed 15 projects, bringing the total number to 1,142 projects, how will the province continue the impressive record in the years to come?
We will review and regulate the development plan to meet the new demand, removing constraints in land compensation and clearance, mobilizing resources for infrastructure development, attracting investments under BOT, BOO, BT forms, encouraging investments from all economic sectors for development of industrial zones, communication and transport, power and water supply.
Also we will accelerate the administrative reform especially one-stop shop for all formalities at all levels to attract investments in the province.
As financial resources for socio-economic development are vital for the industrialisation and modernisation in the province, how can you mobilize and use them most effectively?
In 2011-2015, to attain the objectives of socio-economic development, Binh Thuan needs some VND120,000 billion, or 50 percent of GDP, including 22/5 needs some VND120,000 billion, or 50 percent of GDP, including 22.5 percent from State sector and 77.5 percent from local and foreign private sectors.
To maximize the mobilization and the use of resources, Binh Thuan will make the best use of the available land and increase State revenue for socio-economic development. At the same time, the province will increase income on average of 35 percent a year as set forth by XII Party Congress of the province.
Regarding investments outside State budget, we will focus on socio-economic development at district level, planning industries and main products, better use of land to attract investments. We will also review policy and regulations on land clearance and compensation, develop infrastructure to attract investments, at the same time accelerate administrative reform to create a truly healthy and favourable investment environment for local and foreign investors.
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