Hai Duong makes a breakthrough in attracting domestic investment

*Hai Duong is striving to improve its transportation infrastructure and industrial zones to attract investment. Photo: DQ*

Positive

In early January, the People's Committee of Hai Duong province approved the investment plan for the Hai Duong Commercial Center (AEON Mall) project by Tuan Kiet HD Trading and Service Joint Stock Company. This DDI project is impressive not only for its massive investment of 1,220 billion VND but also for attracting significant public attention. The project will be implemented in Thach Khoi ward, Lien Hong commune (Hai Duong city) with an area of nearly 3.6 hectares. Once operational, the Hai Duong Commercial Center will be a hub for trade, commerce, services, entertainment, and food , serving the needs of Hai Duong residents and the surrounding region. The project is highly anticipated and welcomed as it is the largest and most significant commercial center ever built in the province. Currently, relevant authorities and the investor are actively coordinating to ensure the project is implemented on-site as soon as possible.

The province's efforts to attract investment in the healthcare sector soon bore fruit when Green International General Hospital Joint Stock Company decided to invest over 600 billion VND to build a modern and spacious hospital infrastructure. Not only will this meet the growing demand for medical services, but the project will also contribute to a new look for the province's healthcare infrastructure. The investor proposed a project with 300 beds, committing to completion within 36 months from the date of investment approval. The Hai Duong Provincial People's Committee has considered and accepted the project.

Besides the two projects mentioned above, Hai Duong has been a destination for many domestic investors in recent times. According to statistics from the Department of Planning and Investment, in the first quarter of 2024, the province's DDI attraction increased significantly in both the number of projects and registered capital. 17 DDI projects received investment approval with a total registered capital of over 3,500 billion VND. The province also adjusted capital increases for 33 projects with a total additional capital of over 1,300 billion VND. This result is 108 times higher than the same period last year.

Creating a "fertile ground"

*Hai Duong encourages investors to complete administrative procedures online, ensuring there is no harassment or inconvenience.*

To achieve outstanding results in attracting DDI, the entire political system of the province has recently joined forces, demonstrating the highest level of determination and enthusiasm to improve the investment and business environment. Hai Duong has proactively implemented a comprehensive set of solutions to become a reliable and safe destination for investors.

The announcement of the provincial planning for the period 2021-2030, with a vision to 2050, and the issuance of a list of projects to attract and restrict investment, starting from the beginning of 2024, has also created momentum for Hai Duong to make a strong breakthrough in attracting DDI (Domain of Investment). Thanks to the planning and project list, investors can access information, conduct research, understand, and make investment decisions. In particular, the province has recently focused on attracting investment in the healthcare and education sectors to create balance in socio-economic development. The province has developed and issued mechanisms to support businesses with aspirations and needs to invest in healthcare and education at the highest level.

Recognizing infrastructure as a competitive advantage in attracting investment, Hai Duong province has focused on improving its transportation and technical infrastructure systems, ensuring they meet stringent criteria and conditions to support the production and business activities of enterprises. In addition, new industrial parks and clusters are being urgently developed to welcome investors. Besides the 12 industrial parks currently in operation, the province is determined to expedite land clearance and infrastructure development for 5 new industrial parks. New industrial clusters are also urgently seeking infrastructure investors.

Hai Duong also prioritizes building a transparent and fair investment environment, preventing harassment and corruption in investment procedures by encouraging investors to choose online administrative procedures. Simultaneously, it selects competent and specialized officials to support and accompany investors throughout the investment process. All of the province's efforts and determination are aimed at attracting reputable and experienced businesses and corporations, and high-quality investment capital, especially from domestic direct investment (DDI) investors.

The results of attracting DDI in the first months of 2024 are just the beginning, giving Hai Duong more momentum for breakthroughs in the coming time, especially as the province is developing a specialized economic zone project. This is the "steel fist" that will help the province attract investment effectively, creating a foundation to promote socio-economic development.

BRAVE

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