With many decisive and coordinated solutions, the province's investment promotion efforts in recent times have shown many positive signs, contributing to promoting potential and attracting investment from domestic and foreign businesses.
Businesses from Thailand participated in introducing and showcasing their products at the first "Meet Thailand" conference held in Quang Tri province in 2023 - Photo: HT
In 2023, Quang Tri province issued a directive to departments, agencies, and localities to implement solutions and policies to support and develop businesses and improve the investment and business environment.
In particular, the Provincial People's Committee has issued a decision to establish a Steering Committee for Administrative Reform and a special task force headed by the Chairman of the Provincial People's Committee to address difficulties and obstacles and support businesses and investors in the province. At the same time, it is applying information technology to increase transparency in processes and procedures; and mobilizing the participation of businesses and citizens in building the government.
Administrative reform is being implemented comprehensively and synchronously to simplify and shorten the processing time for administrative procedures in the fields of land, taxation, labor, market, import and export activities, etc.
Accordingly, relevant departments and agencies should proactively propose solutions to improve the investment environment and enhance the PCI index; strengthen administrative procedure reforms, especially those related to the issuance of business registration certificates, investment policies, and investment registration certificates.
To date, the province's online public service portal has provided 857 fully online public services, 758 partially online public services, and 422 administrative procedures.
Statistics on the province's online public service portal also show that the rate of online applications across the province reached 48.43% of the total 153,156 applications received (excluding the backlog at the beginning of the period); 100% of agencies and units receive and process applications and administrative procedures through the centralized and unified administrative procedure processing information system throughout the province.
Initially, many investors, including large and reputable domestic and international corporations, have come to survey, work with, and explore investment opportunities in Quang Tri province. Notable examples include Hoa Phat Group Joint Stock Company, which is discussing and researching investment projects in the Southeast Quang Tri Economic Zone; Central Group Vietnam and Indochina Real Estate Investment and Business Joint Stock Company, which are exploring investment opportunities in building a commercial center in Dong Ha City; ENI Vietnam Energy Company, which is discussing and seeking cooperation opportunities for a gas energy project in the Southeast Quang Tri Economic Zone; and Infrastructure and Transportation Construction Investment Joint Stock Company, which is surveying and preparing documents to apply for the addition of a project to the planning for the Intracom - Quang Tri offshore wind power plant...
In 2023, 50 projects received investment approval/investment registration certificates with a total capital of VND 3,473.64 billion. Also in 2023, the province had 2 newly registered foreign direct investment (FDI) projects with a total investment of USD 1.3 million. Currently, there are 21 active FDI projects in the province with a total registered capital of USD 2,536 million, of which 16 projects have been completed and are in operation, creating regular jobs for 2,500 workers.
Despite achieving quite positive results, the province's investment attraction efforts are also facing many challenges due to the province's relatively harsh climate and weather conditions. Furthermore, the infrastructure of industrial parks, economic zones, and industrial clusters is mainly funded by the state budget, which still presents many difficulties and limitations.
Furthermore, in recent times, there have still been quite a few "barriers" for investors, including the complex process of land acquisition and land-use conversion; overlapping regulations between the Land Law and the Investment Law; a shortage of officials directly involved in land clearance work in localities within the province; and a lack of skilled labor... all of which have prevented investment attraction from achieving the desired results.
With the goal of enhancing investment attraction in the province to contribute to the successful implementation of the province's socio-economic development plan for 2024 and the 2021-2025 period, the Provincial People's Committee has issued the Investment Promotion Program for 2024, which clearly identifies investment promotion activities that will focus on achieving three strategic breakthroughs, including: institutional innovation and administrative reform; improving the quality and efficiency of human resources and strategic infrastructure, and transportation infrastructure; and effectively implementing on-site investment promotion and supporting investors.
Focus on attracting investment in potential, key sectors and industries based on the local comparative advantages such as: energy industry, agricultural, forestry and aquatic product processing industry, silicate industry, textile and garment industry, high-tech agriculture... At the same time, consider improving and protecting the investment environment as a central task in investment promotion work, with on-site investment promotion as the core.
In addition, investment promotion activities in 2024 will focus on researching potential, markets, trends, and investment partners; building an image, disseminating information, promoting and introducing the investment environment, policies, potential, opportunities, and connections; building an information system and database to serve investment promotion activities; and developing cooperative relationships with international organizations, international consulting firms, and universities to connect and enhance the effectiveness of attracting investment.
It can be affirmed that investment promotion activities have always been identified by the province as playing a very important role in the socio-economic development of the locality.
In the coming period, the province will strengthen its direction of investment promotion in a focused and targeted manner; concentrate resources on developing infrastructure and clearing land to create clean land for attracting investment; regularly meet and dialogue with businesses and investors to promptly resolve difficulties and obstacles, thereby creating a solid foundation for the province in building an optimal and modern investment environment, creating new investment advantages, improving the quality of growth, and thus making Quang Tri increasingly develop rapidly and sustainably.
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