Business Business

13/07/2021 - 07:59

For the call for investment not to be interrupted by the epidemic

In the context of complicated developments of the COVID-19 pandemic, Thua Thien Hue has implemented many solutions to attract resources, and call on major investors to roll out key projects, ensuring socio-economic development plans.

The Provincial People's Committee and AEONMALL Vietnam Co., Ltd signed a memorandum of understanding in the online form

Calling for investment in online form

Like many other localities in the country, the province has also faced many difficulties in the socio-economic development due to complicated developments of the pandemic. However, with the efforts to "turn risks into opportunities", local authorities have been creative and innovative in their works, management and administration, striving to fulfill the dual goals of pandemic prevention and control and economic development...

The investment promotion methods have been changed. Instead of organizing direct investment promotion events as before, they have now been turned to online ones, especially towards key markets and projects.

For instance, in order to implement the project on investment and development of Chan May - Lang Co Economic Zone, as the province had signed a memorandum of understanding with Korea Land & Housing Corporation (LH), the provincial leaders have held several online meetings with the LH Group to accelerate the research, survey and documentation of the projects; request the Group to regularly provide reports on investment research results and implementation progress to the Provincial People's Committee for support so as to complete the projects soon, with the highest efficiency.

After the online meetings, the LH Group has had a final report on the proposed research projects in Chan May - Lang Co Economic Zone.

Accordingly, in phase 1, the project will invest in Chan May Industrial Zone, with an area of ​​​​about 115 hectares (the group has proposed to name it HuKo Industrial Zone (Hue - Korean)), whose total investment is expected to be about 34.56 million US dollars (about 829 billion VND); in phase 2, the project will invest in developing a high-tech industrial zone, with an area of ​​about 700 hectares; and the project will invest in developing an urban area, with an area of ​​​​about 1,000 hectares in phase 3.

Recently, the Provincial People's Committee and AEONMALL Vietnam Co., Ltd (AEONMALL Vietnam) also held a virtual Memorandum of Understanding signing ceremony on the research and investment of AEON MALL Trade Center in Thua Thien Hue. The Provincial People's Committee will give support to AEONMALL Vietnam in the research and preparation of documents to set up new AEON MALL Trade Center project in Thua Thien Hue according to current regulations; with the total investment capital is expected at about 150 - 160 million US dollars.

Mr. Nguyen Dai Vui, Director of the Provincial Department of Planning and Investment, said that in the context of limited travel between countries due to the impact of the COVID-19 pandemic, online investment promotion was being considered as a " salvation”. In addition to limiting the risks of spreading the disease, online investment promotion conferences also help save costs, in line with the development of information technology...

Currently, many enterprises have researched to invest in projects in Chan May - Lang Co Economic Zone. Photo: Nguyen Phong

Connecting the investors with the authorities

To overcome difficulties caused by the epidemic, the province is building a portfolio to call for investment in the period of 2021-2022, which covers many contents such as project names, implementation locations, objectives, project boundaries, area, current status of land use, infrastructure connection, procedures to be implemented to ensure calling for investment, estimated time of calling for investment, estimated time of commencement so that the investors can do research remotely.

Nguyen Dai Vui said that the province had built and operated a project management software, helping the investors monitor project progress, which was a channel to connect the investors with the authorities. Via the software, investors can reflect on bottlenecks so as to solve them together with the authorities, and accelerate the project progress.

Besides, the website at regularly updates the latest information on investment and legality, as a tool for investors to research and learn. Along with that, investment promotion is boosted through the province's investment promotion representative agencies in Thailand, Korea, and Singapore to promote investment opportunities and environment to foreign investors.

 “In order to ensure constant investment promotion, the province has been ready with data, and external channels calling for investment in many forms. All forms are included in the investment promotion program in 2021 to ensure the promotion of investment opportunities to foreign partners. In addition, departments and branches publicly and transparently implement administrative procedures, settlement time, mechanisms, policies, planning of sectors and areas projects of the province that give priority on attracting investment via information websites so that enterprises and investors can actively learn and seize investment opportunities," said Mr. Nguyen Dai Vui.

Story and photo: Ngoc Minh