3:26:20 PM | 7/8/2005
Mr. Hoang Tuan Anh, Chairman of the People’s Committee of
What is the province's orientation on local and foreign investment in the coming years?
To attract more local and foreign investment into the city, The Da Nang People's Committee has advocated a favourable environment and policies for long-term investment in the city and directed concerned authorities to facilitate administrative formalities with a "one-stop mechanism". It has also reduced land rental and taxes, and introduced exemption policies in the first years of operation as provided by the city and the central government. The preferential treatment has been defined in Decisions 50/2004/QD-UB, 51/2004/QD-UB and 52/2004/QD-UB.
In the 2006-2010 plan, the city will attain a growth rate of 14-15 per cent, restructure the economy and industries, coordinate production and the market, and increase the competitive edge of the products. The city will give priority to products of high value for export, increasing the industrial value by 20-21 per cent, the service value by 15-16 per cent and the average growth rate of 4-5 per cent in agriculture, forestry and fisheries.
What measures should be taken to achieve these objectives?
Through the "one-stop mechanism" the administrative formalities have been accelerated at Da Nang Investment Promotion Centre. The People's Committee is solely responsible for granting licenses to foreign investment projects, evaluating projects within 10 working days and issuing licenses within 5 days. The application for licenses will soon be possible over the Internet. In addition,
Regarding projects outside industrial zones, foreign investors are exempt from land rental for 12 years for projects of special encouragement investment, 10 years for those of encouragement investment and seven years for the remaining. Projects with investment capital over US$10 million or in highland areas will benefit from two more years of exemption.
For projects inside industrial zones, foreign investors are exempt from land rental for 11 years for projects of special encouragement investment, 9 years for those of encouragement investment and 6 years for the remaining. Projects with investment capital over US$10 million will benefit from two more years of exemption.
In addition to those privileges,
With regard to local investment projects, the granting of a business permit will be within 5 days, permit extension within 3 days, and preferential treatment permit within 10 days. The city covers full compensation for site clearance of projects of encouragement investment, those with capital from VND30 billion and those with payable land use rights. For projects of other kinds, the city will cover 50 per cent of the compensation for site clearance. Land use rights will be granted within 10 working days after investors take over the land.
As the economic centre of
The development of the regional economy will be based on the potential and advantages of all neighbouring provinces: Quang
Most notably, a tourist product called "World Heritage Road in Central Vietnam" of high economic and cultural value in Hue, Lang Co, Bach Ma, Canh Duong, Da Nang, Hoi An, My Son and Co Luy will be introduced. The tourist tours can also be connected to Chang Mai (
In implementation of the administrative reform, the city has applied working regulations, defining the function and responsibility of each person in the people's committee, department and district. Coordination has also been promoted to ensure democratic centralism, collective leadership and personal responsibility. All important policies and measures are being discussed fully at the meetings of the People's Committee and the projects and policies are being implemented dynamically and creatively in the best interests of the population.
Administrative reform has been realised on a large scale, together with the development of human resources. As a result the city has been able to improve its performance and timely redress violations and corruption.
Vietnamese
