As the 'backbone' of the local economy, the trade and industry sector of Phu Tho has constantly taken advantage of its power and strength to help the business community remove difficulties, promoting motivation of the socio-economic development of the whole province.
The province currently has 4,424 registered enterprises, in which more than 950 are industrial enterprises and 89 are FDI enterprises. In 2013, Phu Tho’s trade and industry focused on solutions to remove difficulties for businesses, support the market and settle bad debts under Resolutions of the government. Thanks to efforts to overcome difficulties of the business community, local industry and trade sector gradually recovered and reached high economic growth of 6.43 percent, with export revenue of US$596 million up 10.6 percent compared with 2012.
In 2014, the economic situation is more complicated due to the impact of political situation in the region and the world, negatively impacting business operation, production activities and export of many enterprises in the province. To be able to continue growing at a high and stable speed and toward a fair industrial and trade structure with high added value, trade and industry sector has been focusing on removing difficulties for enterprises. The province has created the most favourable conditions to attract enterprises to invest in the province.
Besides, the sector focuses on attracting capital investment in infrastructure of industrial clusters. It continues to review inactive projects, strengthens supervising, assures performance according to plan, manages operations of industrial clusters, helps remove difficulties of enterprises and projects behind schedule, and enables investors to complete procedures so that projects can come into production soon. In addition, it strengthens management of the market; effectively prevents commercial fraud, counterfeiting, shoddy goods, smuggling goods and tax evasion; encourages the development of wholesale and retail network; enables facilities in the area to expand commercial business scale; further promotes the reform of administrative procedures related to business and investment; ensures that management functions of the industry and trade are in the direction of simplicity, efficiency, transparency and savings; amends and supplies mechanisms and policies to eliminate unreasonable barriers and facilitate infrastructure, human resources and administrative procedures.
The sector also completes and decentralises industrial zones in the direction of increasing responsibility of the Province’s People’s Committee and the Management Board of Industrial Zones in the province in order to reduce administrative procedures; increases investment budget on infrastructure development in the province; innovates investment policies of socio-economic development for disadvantaged areas; balances capital for power projects for 89 villages in the province. The sector provides financial supports for the training of human resources, especially for the strongest fields of the province such as the textile and handicraft goods; directly supports tea planters in renovating old areas with new tea varieties of high quality; offers low hill land which has not been promoted efficiently to tea processing enterprises having intensive investment capacity in long-term tea planting.
Vietnamese
