On-site investment promotion

Efforts to improve the investment environment by perfecting infrastructure; enhancing the responsibility of officials and civil servants, creating an open and transparent business environment; and simultaneously promoting and introducing the province's investment environment, policies, and potential through various information channels... these are the approaches Quang Tri province has focused on in recent times to improve the effectiveness of on-site investment promotion.

The wood processing industry is one of the priority sectors for investment promotion in the province - Photo: ML

In 2023, Quang Tri province issued numerous directives to implement solutions and policies to support and develop businesses and improve the investment and business environment. Based on the specific tasks and objectives assigned, departments, agencies, and localities developed action plans and proposed implementation solutions for each unit.

The province has established steering committees, support teams, and task forces to accompany and resolve difficulties for businesses and accelerate the approval process of investment projects. In particular, the province has established the Quang Tri Provincial Steering Committee for Administrative Reform; and a special task force headed by the Chairman of the Provincial People's Committee to resolve difficulties and obstacles, and support businesses, investors, and investment projects in the province, as directed by the Government in Resolution No. 50/NQ-CP dated April 8, 2023.

The reception and interaction with foreign investors and businesses are conducted professionally and efficiently; the promotion and introduction of the investment environment, policies, potential, and opportunities are enhanced through online marketing in the province's investment, trade, and tourism promotion activities.

In addition to disseminating information, promoting, and introducing the province's investment environment, policies, potential, and opportunities through various media outlets, the Provincial Investment, Trade, and Tourism Promotion Center also continuously updates information and images for readers on its website ipa.quangtri.gov.vn and social media platforms such as fanpages, Facebook, and YouTube.

Several provincial investment promotion programs have had a widespread impact, connecting localities and supporting businesses in the area. Initially, investors, including large and reputable domestic, regional, and international corporations and companies, have come to survey, work, and explore investment opportunities in Quang Tri province, such as: Hoa Phat Group Joint Stock Company exchanging information and exploring investment opportunities in the Southeast Economic Zone of Quang Tri province; Central Group Vietnam and Indochina Real Estate Investment and Business Joint Stock Company exploring investment in building a commercial center in Dong Ha City; ENI Vietnam Energy Company discussing cooperation opportunities with Quang Tri province in developing gas energy projects in the Southeast Economic Zone of Quang Tri province; and Infrastructure and Transportation Construction Investment Joint Stock Company coming to the province to finalize the location for surveying and preparing documents to apply for supplementary planning for the Intracom - Quang Tri offshore wind power plant project...

In 2023, Quang Tri province also received many investment proposals from investors to implement infrastructure construction projects (warehouses, ports, coal conveyor belts, etc.) to facilitate the transportation of coal from Laos to Vietnam via the La Lay International Border Gate.

In 2023, the province approved investment policies/issued investment certificates for 50 registered investment projects with a total capital of VND 3,473.64 billion; 2 foreign direct investment projects were newly granted investment registration certificates with a total investment of USD 1.3 million. In the first two months of 2024, 7 projects were licensed with a total investment of VND 1,799.11 billion.

The province's investment promotion program for 2024 basically adheres to the Investment Attraction Orientation Plan for Quang Tri Province for the period 2023-2025, with a vision to 2030, approved by the Provincial People's Committee in Decision No. 447/QD-UBND dated March 16, 2023. The province is determined to continue effectively implementing on-site investment promotion activities.

Specifically, investment promotion activities will focus on achieving three strategic breakthroughs: institutional innovation and administrative reform; improving the quality and efficiency of human resources; and strategic infrastructure and transportation infrastructure. Identifying businesses as the target of service, the province will focus on providing guidance, support, and policy stability to create a favorable environment for businesses.

Conduct surveys to understand the difficulties, obstacles, and suggestions of businesses in order to find solutions by proactively contacting and supporting businesses in implementing investment procedures. Build and operate a Zalo group for businesses in the area to promptly interact, understand business difficulties, and disseminate legal regulations quickly and effectively.

In addition, the province also focuses on promoting the local image, product brands, and market development. Attention is paid to training investment promotion skills for officials in charge of foreign affairs in the process of approaching foreign investors.

Priority should be given to attracting businesses and investors from traditional markets to invest in Vietnam, as well as from markets where investors have already conducted research and surveys in Quang Tri province. Research should assess the potential, trends, and investment partners from countries with investment projects in the province, such as Thailand, South Korea, and China; while also expanding research to include potential investors from the Netherlands, Australia, and the United States. This will help gather information to clearly identify the investment needs and trends of each partner, thereby proposing effective approaches, establishing communication channels, and suggesting efficient and resource-saving investment promotion methods.

Mai Lam

Source: https://baoquangtri.vn/kinh-te/xuc-tien-dau-tu-tai-cho/184481.htm