The Resolution of the 18th Provincial Party Congress specifies as follows: Investment attraction is one of three breakthrough stages of the province in the term of 2015-2020. Up to now, after 5 years of implementing the Resolution, the investment attraction in the province has achieved positive results, affirming the right development policy and orientation, in line with the process of industrialization - modernization.

A corner of Thang Long Industrial Park II

Implementing the Resolution of the 18th Provincial Party Congress, term 2015 - 2020, on December 15, 2015, the Provincial Party Executive Committee has developed the action program No. 01 - CTr / TU with many objectives, tasks and solutions, including a target by 2020, the total number of investment projects in the province will have the registered capital of over 10 billion USD. Right after the action program No. 01 of the Provincial Party Executive Committee had been issued, the Party committees at all levels, authorities and functional branches soon effectively carried out solutions, step by step bringing the resolution into life. On October 28, 2016, the Provincial People's Committee issued the Decision No. 2382 / QD - UBND approving the project of administrative reform, creating a favorable investment environment, improving the provincial competitiveness index (PCI) in the 2016 - 2020 period in Hung Yen province. At the same time, the Provincial People's Committee asked departments, agencies, branches, districts and city to seriously perform the commitments between the Vietnam Chamber of Commerce and Industry and the Provincial People's Committee on creating a favorable business environment for businesses in the province.

In order for investors to know and come to learn investment opportunities, the propaganda about investment advantages in the province has been promoted with various forms. The Provincial People's Committee has established an electronic database system on investment environment and projects on the provincial portal and websites of departments, agencies and sectors. At the same time, the website of the Center for Investment Promotion and Business Support (The Department of Planning and Investment) publishes long-term and short-term programs and plans on investment promotion in the following fields: Industry, commerce, tourism, agriculture; contents on master planning, regional planning, branch and domain planning; mechanisms and policies for incentives, investment support of the province for investors, enterprises; information on restricted and banned fields in investment, etc. Thereby, it helps investors to easily learn about the province as well as capture advantages in the investment process in the province.

The production at Maz Asia Auto manufacturing and assembling plant (Kim Dong)

In order to attract domestic and foreign investors, the province has completed many plans and invested in developing transport infrastructure, industrial zones and clusters; supported enterprises to invest in production expansion, and trademarks registration to create competitive and high-quality products. The province publicizes land use planning and plans in order to make the access to land resources and production sites transparent, ensuring the basis for land allocation and land lease. At the same time, to effectively implement mechanisms and policies to encourage investment. In addition, step by step standardizing the contingent of cadres and civil servants in terms of attitudes, qualifications, awareness and skills to meet job requirements in guiding and handling dossiers for organizations and individuals. .. Every year, the province strengthens dialogue between governments at all levels and businesses, organizes businesses meetings, thereby promptly grasping and removing difficulties and problems for businesses in the area. The whole province promotes the implementation of one-stop shop and inter-agency one-stop shop at state administrative agencies. The functional sectors guide the settlement of administrative procedures for enterprises according to the following principles: When it is required to amend and supplement the dossier, to notify in writing once to enterprises or investors about the entire contents, which need modifying and supplementing. Notably, to ensure the investment environment, the province has set out quite clear and specific policies such as: No licensing for outdated technology projects with bad impact on the environment; functional departments thoroughly examine projects before licensing. The task of attracting and selectively receiving investment projects has been directed strongly to the planned industrial parks and clusters; basically stopping to accept loose production projects outside industrial parks or clusters. With synchronous solutions, the investment attraction has attained exciting results: In the 2016 - 2020 period, the province has attracted 816 investment projects, seeing an increase of 34.4% as compared to the 2011-2015 period (including 625 domestic projects with registered capital of over 61.7 trillion VND, up 38.5% over the period of 2011 - 2015; 191 foreign-invested projects with registered capital of over 2.24 billion USD, increasing 34.9% as compared to the period of 2011-2015, bringing the total number of projects registering for investment in the province to 1,985 projects (including 1,487 domestic projects with registered capital of over 140.7 trillion VND; 498 foreign-invested projects with registered capital of over 5 billion USD) with a total registered capital equivalent to over 11 billion USD (the goal of the Resolution of the 18th Provincial Party Congress is to reach over 10 billion USD). In particular, the province attracts a number of projects with large investment capital, advanced technology, capable of participating in regional and global chains. The structure of investment attraction has shifted positively, focusing more on the projects using high technology, supporting industries, and foreign-invested ones. The industrial zones as: Thang Long II (Sumitomo), Pho Noi A, Pho Noi B, Yen My and the industrial clusters of handicraft villages are thriving. It is expected that by the end of 2020, 1,034 projects will be put into operation; creating regular jobs for over 17.8 thousand workers. Production technology, machinery, equipment and corporate governance have gradually improved, especially in the area of ​​foreign-invested enterprises and enterprises in industrial zones.

The above results are proof that the breakthrough in attracting investment has gained positive results, exceeding the targets set by the Resolution of the 18th Provincial Party Congress, term 2015-2020. The efficiency of investment attraction in the socio-economic development is evident in the expansion of production and business, industrial development, payment to the state budget, and job creation for workers and raising income for people. At the same time, this is also an important mark for the province to continue its economic growth, accelerate the implementation of industrialization and modernization in the coming time.