Attract and retain investors with quality human resources

(Chinhphu.vn) - Deputy Prime Minister Tran Luu Quang suggested that Binh Dinh province must pay special attention to human resource training, because the quality of human resources is the most important factor to attract and retain investors.

Thu hút, giữ chân nhà đầu tư bằng chất lượng nguồn nhân lực — *Deputy Prime Minister Tran Luu Quang emphasized that the quality of human resources is the most important factor in attracting and retaining investors - Photo: VGP/Hai Minh*

The Deputy Prime Minister made the above proposal while speaking at the Binh Dinh Province Investment Promotion Conference, which took place in Quy Nhon City on the afternoon of March 29.

The Deputy Prime Minister shared that when he was still a leader in localities, investors often asked questions such as whether the locality had enough human resources, whether there were high-quality workers. Some investors even asked whether the locality had good officials (good at English, good at international business, modern management).

To have human resources to meet investors' requirements, the Deputy Prime Minister suggested that there should be two-way cooperation and mutual win-win in human resource training between localities and investors, avoiding the situation where one side waits for the other side to gather all necessary factors.

For now, Vietnam will be responsible for basic training, while investors can send human resources to be trained as experts abroad and train workers during the project construction process, the Deputy Prime Minister suggested.

The Prime Minister also noted that Binh Dinh province must be aware of competition, because many localities also have similar potential and advantages as Binh Dinh and only when there is awareness of competition can one effectively exploit its own strengths.

At the same time, Binh Dinh must also consider the regional linkage chain, especially in connecting and exploiting infrastructure and dividing investment attraction. Competition and regional linkage are not contradictory, but need to be resolved harmoniously, otherwise it will create certain obstacles in development.

Binh Dinh must always accompany investors, because the road ahead is still full of difficulties and only when investors love this land of both culture and martial arts will the province attract new investors, better investors, the Deputy Prime Minister said.

To investors, the Deputy Prime Minister reaffirmed Vietnam's consistent principle in attracting foreign investment: investors make profits and Vietnam in general and Binh Dinh in particular develop; emphasizing the need for sharing and understanding to harmonize the interests of both sides.

The Deputy Prime Minister also affirmed that Vietnam will continue to promote administrative reform on three pillars: cutting administrative procedures; strongly decentralizing to localities; promoting digital transformation to reduce time and costs of procedural compliance and increase transparency.

The Government is committed to always accompanying localities, and localities accompanying investors, ready to listen and dialogue with investors to create a favorable investment and business environment for investors.

Also at the conference, Deputy Prime Minister Tran Luu Quang directly answered investors' questions about human resource training, especially high-quality human resources to welcome the investment shift to Vietnam, including the electronics sector.

The Deputy Prime Minister welcomed investors who are willing to cooperate with Vietnam in training human resources to promptly meet investors' needs.

The Deputy Prime Minister called on investors and partners to support the Government in realizing the goal of training 50,000 semiconductor chip engineers from now until 2030.

The Binh Dinh Investment Promotion Conference is an activity within the series of events of the UIM F1H20 International Professional Powerboat Race and UIM-ABP AQUABIKE Binh Dinh Grand Prix 2024.

The conference attracted the participation of Minister of Information and Communications Nguyen Manh Hung; leaders of several central ministries and branches; UAE Ambassador to Vietnam Bader Almatrooshi, President of the American Chamber of Commerce in Ho Chi Minh City Ramachandran AS (RamC), Deputy Executive Director of the US-ASEAN Business Council Vu Tu Thanh.

In particular, the Conference also had world business delegates: Prof. Dr. Peter Palanugool, Chairman of Bangkok Assay Office Group (Thailand); Mr. Cyril Dissescou, CEO of Nexif Ratch Energy SE Asia Pte., Ltd (Singapore); Mr. Chun-Seon Park, Chairman of INPYUNG Group (Korea); Mr. Davis Lewis, Founder and General Director of Enery Capital Vietnam Investment Fund; Mr. Rami Levy, Chairman and CEO of Rami Levy Hashikma Marketing Group (Israel); Mr. Yehouda Levy, Co-Chairman and Member of the Board of Directors of Rami Levy Hashikma Marketing Co., Ltd (Israel); Mr. Aviv Brosilovski, Chairman and General Director of Forta Pro Group (Israel). The delegation of Migdal City (Israel) was led by Mr. Netanel Alfassi, Mayor of the city.

According to Chairman of Binh Dinh Provincial People's Committee Pham Anh Tuan, the province chooses transportation to "lead the way", considering this the key to creating success in the province's economic development. Currently, the province is developing a fairly fast and complete infrastructure system.

The province is also improving the operational efficiency of the Quy Nhon port cluster; planning and adding large-scale deep-water seaports in the northern region of the province; investing in and upgrading Phu Cat airport to gradually become an international airport.

Binh Dinh has also invested in many industrial parks and industrial clusters and prepared many clean land funds and attractive land prices, ready to meet the needs of project investors. Many industrial parks only have infrastructure rental prices of 25-60 USD/m2/50 years, much lower than some other industrial parks in the country.

"Binh Dinh is always determined and takes the lead in reforming administrative procedures, simplifying procedures on investment, construction, tax, customs and improving the relationship between investors, enterprises and the government, aiming to build a professional, modern, effective, efficient administration with the capacity to create development, integrity, and serve the people and businesses. In 2023, Binh Dinh's People and Business Service Index will achieve excellent scores and rank first in the country. Currently, Binh Dinh is one of the localities with the fastest time to handle procedures from investment licensing to construction in the country", informed the Chairman of the Provincial People's Committee.

Mr. Pham Anh Tuan committed: "Investing in Binh Dinh, investors will be given the most favorable conditions to successfully implement the project and develop sustainably. Investors will have their problems resolved as quickly as possible."

Hai Minh - Government Portal

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