Bac Ninh promotes investment with partners in Asia

Attending the seminar were Mr. Ngo Tan Phuong, Vice Chairman of the Provincial People's Committee; representatives of several provincial departments, branches, business associations and more than 40 international delegates from Japan, Korea, Taiwan (China), Thailand and investment promotion organizations in Northeast Asia and ASEAN.

Comrade Ngo Tan Phuong gave a welcome speech to the discussion.

In his welcome speech, Mr. Ngo Tan Phuong emphasized that in the context of Vietnam promoting investment attraction associated with transforming the growth model and green development, Bac Ninh always considers investment promotion and policy dialogue as important channels to build trust and accompany businesses. Bac Ninh is one of the leading localities in the country in industrial development and attracting foreign direct investment.

In particular, after the merger of Bac Ninh and Bac Giang provinces, the new Bac Ninh province has opened up a large development space. With a favorable geographical location, synchronously developed technical infrastructure, open investment environment, dynamic government and strong commitment to accompany businesses, Bac Ninh has become an attractive destination for many strategic investors, especially high-tech corporations from Korea, Japan, Taiwan, Singapore and many other countries.

Seminar scene.

The presence and active contribution of FDI enterprises not only creates momentum for local economic development but also contributes to promoting technology transfer, developing supporting industries and improving the quality of human resources in the province. In attracting investment, Bac Ninh will constantly innovate thinking, improve policies, improve the quality of infrastructure, human resources and support services to continue to maintain its position and develop sustainably.

The seminar is an opportunity for delegates to discuss opportunities, challenges, share market information, supply chain shifting trends, as well as the needs and desires of investors. He hopes to receive practical recommendations and proposals from organizations, businesses, and investment promotion experts to improve policies, improve the quality of the investment environment, and create the most favorable conditions for investors to feel secure and stay with Bac Ninh for a long time. Through the seminar, there will be more suggestions and consensus on a regular and effective coordination mechanism between the three parties: Overseas investment promotion representatives; the Foreign Investment Agency - the strategic focal point in managing and supporting foreign investment and the People's Committee of Bac Ninh province - where policies to attract and support investment are implemented in practice. This tripartite connection will be a solid foundation for Bac Ninh to receive more and more high-quality investment capital flows with high spillover effects, in line with the orientation of green, sustainable and innovative development.

Comrade Vu Van Chung, Deputy Director of the Foreign Investment Agency, spoke.

Speaking at the seminar, Mr. Vu Van Chung, Deputy Director of the Foreign Investment Department, affirmed that the seminar was held in Bac Ninh - a key area for attracting investment and developing industry. Currently, the province ranks 2nd out of 34 provinces and cities in attracting foreign investment. After the merger, Bac Ninh has more open space and much development potential. Through this, there will be many opportunities for investors to research and learn about investment in Bac Ninh, especially when the Party and the State have many new policies on attracting investment and developing industry. At this conference, he also wanted to listen to the opinions and exchanges of investors as well as localities to have full information and coordinate to best implement investment promotion in the coming time.

Comrade Nguyen Van Huong, Deputy Director of the Department of Finance, presented the socio-economic development situation as well as the province's investment attraction viewpoint.

Comrade Nguyen Van Huong, Deputy Director of the Department of Finance, also informed about the socio-economic development situation of the province since the beginning of the year; at the same time, he emphasized that the province's investment attraction policy is oriented according to the criteria of "3 no - 2 less - 3 high". In particular, not attracting projects that cause environmental pollution; using little land, little labor; requiring high investment capital, high economic efficiency and high technology. Bac Ninh prioritizes attracting investment in high-tech industries such as chip manufacturing, semiconductors, robots, new materials, renewable energy, healthcare, pharmaceuticals, aviation industry; high-tech agriculture, clean agriculture; logistics services, e-commerce, finance, telecommunications; technical infrastructure and logistics; eco-tourism, high-end resorts and supporting industries. Along with that, the province is synchronously implementing support mechanisms for key projects, reforming administrative procedures according to the "24-hour Green Channel" and "60% Green Channel" models, minimizing the processing time for investment, land, tax, and customs procedures; strongly investing in transport infrastructure and high-quality human resources, ensuring a stable, friendly, and transparent investment environment.

Mr. Le Quang Tuan, assistant to the head of the economic and investment department, Vietnam Economic and Cultural Office in Taipei (China) gave a speech.

At the conference, some delegates also discussed the trend of investment shifting, the development trend of Taiwanese enterprises, the role of Taiwanese enterprises in the semiconductor industry supply chain; experience in training and developing human resources. The representative of the Ministry of Finance's investment promotion agency in Korea informed about the positioning of Korean enterprises in the development of supporting industries.

Mr. Bok Dug Kyu, Deputy General Director of KOTRA (Korea) presented solutions to promote investment attraction for Korean enterprises. According to him, the US tax policy towards Vietnam is now more stable, so Korean enterprises continue to be interested in investing in Vietnam, including Bac Ninh province. To welcome this wave of investment, the province needs to provide information and shortages of industries to focus on development. Experience in some countries is to build a map of industry development, helping investors easily learn and research.

The working delegation of the Foreign Investment Agency worked with the investor of Quang Chau Industrial Park infrastructure.

Representatives of Sembcorp Development Vietnam Co., Ltd also shared their experiences in developing the solar energy industry and carbon reduction technologies, and are ready to cooperate with domestic enterprises for mutual development.

Delegates took souvenir photos after the discussion ended.

Previously, the working delegation of the Foreign Investment Agency worked, discussed, and grasped investment attraction activities with the investor of Quang Chau Industrial Park infrastructure.

News and photos: Trinh Lan

Source: https://baobacninhtv.vn/bac-ninh-day-manh-xuc-tien-dau-tu-voi-cac-doi-tac-tai-chau-a-postid430596.bbg