Nghe An Province with Efforts to Attract Investors to Industrial Zones

Since 1997, the Nghe An Provincial People’s Committee has instructed competent organs to map out plans to set up industrial zones. Two years after that, Bac Vinh Industrial Park was founded. In 2002, Nghe An Province wanted to quickly build Nam Cam Industrial Park and Cua Lo Industrial Park. In October 2003, the Provincial People’s Committee decided to outline the plans to Hoang Mai and Phu Quy industrial zones. The determination and close supervision of the Provincial Party Committee and the Provincial People’s Committee have created a motive power for the establishment and development of industrial parks in the region.

 

Land and human resources are superior advantages of Nghe An Province over the over localities in the central Vietnam. With an area of 16,487 km², Nghe An has an abundant land fund and capacity to set up industrial zones and material zones. As of late 2005, the province had some 1.5 million people at working age, or half of the province’s population. Of the sum, nearly 127,000 people were trained and capable of supplying enough workers for all investment projects.

 

Furthermore, Nghe An has a favourable location for trading activities. The province lies in the middle of the northern central part of Vietnam, partitioning the north and south of Vietnam. Additionally, it has passing National Road 1A, Cua Lo Seaport, Vinh Airport and roads stretching to Laos and northeastern Thailand.

 

Nghe An also has potentiality to develop material areas for exploitation, construction material production, farm produce processing, forest product processing industries. It holds enormous mineral ores like best-in-Vietnam white limestone (over 982 million tonnes), marbles (over 54 million cubic metres), limestone (1 billion tonnes), clay (over 300 million tonnes), basalt stones (260 million m³), granite (over 160 million tonnes) and construction stones (nearly 1 billion m³). The province also has peanut, tea, sugar, orange and lemon cultivation areas and high-yield cattle-rearing zones. These factors are prerequisite for success of investors in Nghe An Province.

 

Currently, Nghe An Industrial Zone Authority is continuing investments in building and completing infrastructure works in order to fill Bac Vinh and Cua Lo industrial parks and 70 per cent of Nam Cam Industrial Zone. At the same time, it also outlines and sets up two new industrial parks of Hoang Mai and Phu Quy. In the 2006-2010 phase, Nghe An plans to fill the Nam Cam Industrial Park and raise the land occupancy in Hoang Mai and Phu Quy to 40 per cent and organise land surveys in Thanh Chuong, Do Luong and Anh Son for the opening of a new industrial zone.

 

To carry out the above plans and boost up the operational efficiency of industrial parks, the Nghe An Industrial Park Authority has introduced many important solutions like increasing propaganda and education activities in order to raise awareness of the people and cadres about the role of investment attraction in the socio-economic development of the province, unifying investor welcome procedures among competent bodies in the province, providing timely sufficient information and data about project contents, industrial park structure and material area for investors when they arrive to survey and seek investment opportunities, and continuing administrative reforms related to investment in a bid to shorten the licensing spell from seven working days to two.

 

At the same time, the Nghe An Industrial Park Authority has cooperated with responsible bodies to discipline cadres and specialists within the administrative apparatus who intentionally raise hurdles to investors. Under certain circumstances, the Nghe An Industrial Park Authority will introduce suitable infrastructure development plans for investors to choose, apply incentive policies and rental rates to specific forms of investment, listen and extricate difficulties for enterprises operating in the industrial parks.

 

To facilitate investment activities in the province, the Nghe An Industrial Park Authority has endlessly strived to make its industrial parks places of interest for investors in order to abolish the image of a potential province without investors and contribute to the national socio-economic development cause.