Promising Efficient Investments
Over the past years, economic and industrial zones of Quang Binh have established their important role in the province’s socio-economic development strategy. Vietnam Business Forum discussed this topic with Mr Pham Van Nam, Head of Quang Binh Economic Zone Board. Tran Tung reports.
Could you please tell us about the province’s investments in economic and industrial zones in recent years?
After 10 years of development, economic and industrial zones in Quang Binh have recorded important progress. North-West Dong Hoi industrial zone, with 62.56 hectares, has attracted 15 investors occupying 80 percent of industrial land, including 14 projects already under operation. The total investment and registered capital amounted to VND274 billion. In North Dong Hoi industrial zone (established in 2010) with 104.77 hectares, 4 investors have registered 13.3 hectares with investment capital of VND118 billion. Hon La economic zone has 16 projects with registered capital of 577 hectares, and invested and registered capital of VND42,356 billion including 7 projects already under operation.
Key projects providing driving force in Hon La economic zone are under implementation, namely: Quang Trach thermal power centre invested by PetroVietnam with capacity of 2,400MW and Power Station I started construction in July 2011; Hon La seaport invested by PetroVietnam Service Corporation with VND562 billion, Phase I already under operation and Phase II under construction; two cement grinding stations with capacity of 500,000 tonnes and specialized port network invested by Truong Thinh Group and Vietnam Building Materials Company; Quang Binh steel plant with capacity of 500,000 tonnes per year. Those projects will provide important income for the province and attract investments and related services, creating jobs and income for the workers, transforming the labour structure by upgrading the skilled workforce.
As Management Board of the province, what are your strategies and solutions to ensure stable growth of economic and industrial zones in the years to come?
In the past years, the Management Board has advised Quang Binh People’s Committee and related authorities on solutions to increase investments, to upgrade environment protection and business management in economic and industrial zones. The solutions focus on improving planning for industrial zones and economic zone service sectors, ensuring the implementation of the master plan of socio-economic development of the province. We have recommended that Quang Binh People’s Committee increase investment in infrastructure in economic and industrial zones to meet investor demand. We have also recommended that local authorities improve administrative formalities, especially those regarding investments, land use and workforce, to remove constraints from investors. Meanwhile, investment promotion activities have been coordinated with related organizations to ensure success and efficiency. At the same time, key infrastructure projects have been promoted such as Quang Trach thermal power station, Hon La seaport, road networks inside and outside economic and industrial zones.
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