Impressive Investment Attraction in Hai Phong

10:41:24 AM | 10/12/2019

In the first 9 months of 2019, Hai Phong's socio-economy continues to achieve outstanding and comprehensive results in many fields. The gross regional domestic product (GRDP) growth is estimated at 16.42% (the yearly target is 15.5% or more), the highest rate ever. Many large domestic and foreign enterprises continue to choose and invest in Hai Phong large projects. Mr. Tran Viet Tuan, Director of Hai Phong Department of Planning and Investment, shared with Vietnam Business Forum Magazine on specific results. Ha Thanh reports.

Could you tell us about the situation of attracting foreign investment capital (FDI) of the city in the first 9 months of the year, expected in 2019 and forecasted to 2020?

In the first 9 months of 2019, FDI attraction through newly registered investment projects and adjustments to increase investment capital in the whole city reached approximately US $ 1.1 billion, equaling over 73.01% of the plan for FDI attraction in 2019. It is expected that by the end of 2019, Hai Phong city will reach the set target (US$ 1.5 billion).

According to the forecast, in 2020 Hai Phong city can attract about US$ 1.6 billion from new investment projects and adjustments to increase investment capital. The forecast is calculated in the context that global investors are tending to gradually move production facilities to Vietnam instead of investing factories in China to produce goods exported to American and European markets. At the same time, many multinational corporations of Korean and Japanese investors are seeking investment opportunities in developing countries to overcome the scarcity of domestic human resources and higher labor costs.

So, how about the areas that the city's investment attraction will focus on and its partners from now to 2020, sir?

With the orientation to strongly develop all economic sectors to create a breakthrough in socio-economic development, in the coming time, the city will continue to combine the attraction of foreign investment and investment from domestic enterprises with promoting internal resources of city enterprises into important fields, such as: high technology; supporting industries; renewable and clean energy; infrastructure development and human resource development; processing agricultural products, developing disadvantaged areas, agriculture and rural areas; economical and efficient use of resources and energy; service sectors with high added value; industries with large export proportion; and the sectors of social security, environmental protection and national security. The city will focus on seizing opportunities to attract investment flows from Japan, South Korea, European Union countries (EU), the United States, focusing on industries that are ahead of the industrial revolution 4.0 such as ICT, digital, nanotechnology, biotechnology and new materials.

Regarding tourism, services and commerce, the city focused on synchronously developing 4 groups of commercial infrastructure such as import and export infrastructure, wholesale infrastructure, retail infrastructure and meeting centers. The city will also focus on promoting tourism development projects including: eco-tourism areas, high-class resorts, 5-star hotels, golf courses, amusement parks, entertainment centers and shopping centers.

Regarding agriculture, Hai Phong prioritizes attracting businesses to invest in agricultural production with high technology application and sustainable development (in the districts of Vinh Bao, Tien Lang, An Lao, Kien Thuy, Thuy Nguyen and Duong Kinh) associated with building product supply chains, providing safe agricultural products for consumers and exports, improving economic efficiency and added value in agricultural production.

Hai Phong's Provincial Competitiveness Index (PCI) in 2018 ranked 16th among 63 provinces and cities, down 7 places compared to 2017. Specifically, 4 component indexes experienced a decline: market access, unofficial costs, fair competition and labor training. So how will the city direct all levels and sectors and apply specific solutions?

 In order to promote the role of each department, sector, and locality in improving PCI, Hai Phong City People's Committee issued Plan 191 / KH-UBND on July 22, 2019, on enhancing PCI in 2019-2020 of Hai Phong city with 10 common solutions, including:

(1) Units implementing PCI Enhancement Plan must follow component indicators in order to devise specific and detailed tasks and solutions, in line with the actual situation in the field of the industry that they are in charge of and encourage units to offer many innovative and breakthrough solutions, bringing practical and clear benefits to people and businesses.

(2) Units reviewing, consolidating, appointing focal points to be in charge of and implementing the PCI are departmental, branch, district, and professional leaders (including department and specialist leaders).

(3) Strengthen the propaganda on the improvement of the investment and business environment, and enhancing the competitiveness of the city in a profound way to improve the image and position of Hai Phong in the renovation period.

(4) Enhancing business meetings and dialogues at the district and commune departments; particularly at the district level, there must be dialogues once a month to thoroughly resolve the proposals of enterprises from the grassroots level. Promoting communication for businesses to capture the information of dialogue.

(5) Strengthening the connection between the focal points of departments, agencies, localities in the process of implementing tasks through various forms, applying advanced technology consistent with the general trend of world (like email and messaging services).

(6) Departments, committees, branches and localities actively explore, flexibly and effectively apply administrative procedure reform of localities throughout the country.

(7) Departments, agencies, localities increase the provision of online public services at level 3 and level 4; in 2019, they must provide at least 30% of online public services under its jurisdiction at level 4.

(8) In 2019, local departments and agencies will promote the collection of fees and charges by card payment, electronic payment, and cashless payment; and encourage people and businesses to pay service charges by non-cash payment method.

(9) Departments, committees, branches and localities must directly exchange, guide and support people and businesses when conducting administrative procedures, complete dossiers which are lacking content or not in compliance with regulations for people and businesses to submit valid documents right from the first submission, avoiding the situation of people or businesses having to travel many times to conduct administrative procedures.

(10) Local departments and agencies assess the satisfaction of people and businesses on the web portal and in the one-stop section of the unit.

Thank you very much!