Business Business

08/03/2022 - 08:10

Attracting investment & speeding up projects in Hue

The province’s decision to establish four Inter-Agency Task Forces (IATFs) on investment promotion and facilitation shows a high determination in speeding up the progress of projects and attracting investors.

Regarding this issue, Thua Thien Hue Weekly had an exchange with Mr. Nguyen Van Phuong, Chairman of the Provincial People's Committee.

Chairman of the Provincial People's Committee, Mr. Nguyen Van Phuong

Sir, is it true that the establishment of 4 IATFs on investment promotion and facilitation results from many projects’ being behind schedule?

Recently, most of the projects on and off the provincial budget are behind schedule.  Construction investment procedures are still complicated, cumbersome, and time-consuming. Lengthy site clearance and handover are some of the reasons for the delayed disbursement of public investment capital in the locality.

Therefore, we have established 4 IATFs with 4 provincial leaders appointed as the force leaders, each of which will accompany a list of projects for the leader to direct. We will not distinguish between key and non-key projects, and there is no concept of large and small projects.

All projects in these 4 categories will be treated equally according to the common goal of putting projects granted investment licenses into operation soon; completing the mechanism for calling for investment; and selecting investors to proceed with other procedures to put projects into operation, thereby recovering the economy and creating growth momentum for the following years.

What is the ultimate goal of establishing these 4 IATFs?

It is to completely deal with the problems that the projects on and off the budget are facing to speed up the progress, with the prime goal being to put the projects into operation soon to promote local economic development.

Chan May - Lang Co Economic Zone attracting investments from many businesses. Photo: Thai Binh

For off-budget projects, it is true that the province wishes to further promote investment procedures and gradually restore the economy; however, the province’s viewpoint at this stage when establishing the 4 IATFs is to further promote procedures for “investment facilitation”.

Investment promotion practices have been conducted quite well in the past time, and many big investors have come to Hue with many projects in all fields. Therefore, the province will focus on directing at the highest level the investment facilitation for existing projects (including two main groups: the one granted investment licenses and the one calling for investment) to speed up the procedures, improve the image of the province's investment environment; and especially, soon put the projects granted investment licenses into operation. At the same time, it is important that investor selection procedures be completed soon for projects calling for investment to restore the economy and create development momentum for the following years.

So, how can the problems be solved, and the investment facilitation be effective?

The solution is that each project corresponds to a plan issued by the province. Each plan will include the main steps of the procedure, each of which will be associated with the unit leading the consultation and the corresponding timeline to complete the work content.

This plan is advised by the focal investment agency (mainly the Department of Planning and Investment, except for projects located in the area under the management of the Management Board of the Provincial Economic and Industrial Zones). All plans are consulted with all relevant units to ensure consensus and feasibility before submitting to the Provincial People's Committee for promulgation as a basis for monitoring and urging the implementation.

In addition to the provincial leaders appointed as the group leaders, members of the IATFs also include the heads of the branches of the relevant agencies operating concurrently who can use the personnel and civil servants under their management to perform the tasks of IATFs.

Can you share something about the focus of investment attraction of Thua Thien Hue in 2022?

The keyword of 2022 and the following years is Resolution 54, striving to turn Thua Thien Hue Province into a centrally-managed city soon. Accordingly, 2022 will be a pivotal year for continuing the development in the coming years.

Thua Thien Hue will focus on speeding up investment procedures for urban development projects in An Van Duong New Urban Area (NUA), other NUAs in the city and Huong Thuy town; NUAs and Urban Tourist Complexes in Phong Dien District to soon turn Phong Dien District into town; Residential Complexes combined with coastal tourism in Hai Duong, Hue City; in Vinh An, Vinh Xuan, Vinh Thanh and Phu Dien Communes of Phu Vang District; in Quang Cong, Quang Dien District; in Vinh Hien and Giang Hai Communes of Phu Loc District to soon form coastal tourist urban areas. Tourism along the lagoon is also the focus of investment attraction.

The investment promotion and facilitation will help increase the occupancy rate in Industrial Zones

Information technology, industry 4.0, and high-tech agriculture are also key areas of investment attraction. Developing Dien Loc Seaport in Phong Dien District to soon form a logistics center in the north of Thua Thien Hue Province, as well as applying high technology into agriculture to form specialized areas for specialties in Phong Dien and Phu Loc Districts are key projects in the investment promotion practices in 2022.

In addition, it is essential to focus on increasing the occupancy rate in Chan May - Lang Co Economic Zone and Industrial Zones within the province by attracting industrial production projects such as the industrial complex for glass production, the manufacturing of silicon panels, semiconductor chips, hydrogen, pharmaceutical factory, enamel frit factory, Chan May quartz processing factory; Chan May logistics center, etc.

Thank you, sir!

Story and photos: Le Tho - Ngoc Minh