To attract investment projects, create momentum for industrial development

The Resolution of the 19th Provincial Party Congress, term 2020-2025 defines “Focusing on attracting investment in accordance with the planning; prioritizing large-scale, high-tech industries, supporting industries, digital technology industries projects, making positive contributions to the growth and the State budget" and "Focusing on removing difficulties, mobilizing resources for investment in the socio-economic, trade-service and urban infrastructure, the development of digital infrastructure, prioritizing transport infrastructure and key areas to create development motivation" as two in three breakthrough stages to contribute to building Hung Yen into a modern industrial province.

The production at Dong Yang E&P Vietnam Co., Ltd (My Hao town)

In order to successfully implement the Resolution of the 19th Provincial Party Congress, on June 24, 2021, the Provincial Standing Committee issued the Conclusion No. 223-KL/TU on the Scheme on promoting investment attraction and raising the provincial competitiveness index (PCI) in Hung Yen province for the period of 2021-2025, with a vision to 2030. On September 7, 2021, the Provincial People's Committee issued the Decision No. 2136/QD-UBND approving the Scheme to promote investment attraction, improve the provincial competitiveness index (PCI) of Hung Yen province for the period of 2021-2025, with a vision to 2030. In the Decision No. 2246/QD-UBND dated September 28, 2021, the Provincial People's Committee issued a list of projects on the investment attraction in the province in the period of 2021 - 2025, inviting 119 projects in 6 fields. In which, the field as follows: Agriculture invites 17 projects with a total investment capital of 4,694 billion VND; trade - service calls for 4 projects with a total capital of 2,500 billion VND; urban housing invites 59 projects with a total capital of VND 251,636 billion; infrastructure of industrial zones - clusters calls for 14 projects with a total capital of 31,685 billion VND... With the view of focusing on, facilitating and prioritizing the development of large-scale and modern industrial parks; focusing on attracting investors, large-scale enterprises, multinational companies, enterprises with a leading role, leading regional and global supply chains, industrial investment projects of large-scale service, high technology and friendly environment.

The province's efforts in attracting investment in recent years results in the remarkable development of Hung Yen's Provincial Competitiveness Index in 2021, which increased 14 levels; the Provincial Governance and Public Administration Performance Index increased 39 levels, ranking the 5th out of 63 provinces and cities. The province has drastically directed to promote administrative reform, focusing on directing, operating, streamlining the organizational apparatus, improving the quality of the contingent of cadres, civil servants and public employees. Along with that is the application of science and technology to modernize the administrative system, towards attracting investment of enterprises in the socio-economic development. In recent years, provincial leaders have regularly held meetings and dialogues to listen to the opinions of businesses. A lot of working groups have been established and proven effective in removing difficulties for enterprises as well as guiding and supporting the implementation of large projects… Comrade Pham Truong Tam, Head of the Management Board of Industrial Parks of the province said: Over the past time, the Management Board of Industrial Parks of the province has continued to synchronously and effectively perform activities to support businesses. To regularly grasp the situation of project implementation and production and business activities of enterprises in industrial parks; receive and promptly solve difficulties and problems of enterprises during project implementation and production and business activities. In general, projects in industrial parks have been implemented fast, ensuring according to the registered schedule and efficient production and business activities. Up to now, the total number of investment projects operating in production and business in industrial parks is 434 projects, including 246 projects with foreign-invested capital (FDI) and 188 projects with domestic investment capital, accounting for about 88% of the total number of valid investment projects. The total number of employees working at enterprises in industrial parks is about 76,000 employees.

Along with improving the business investment environment, the province also focuses on investment and development of economic infrastructure. In which, focusing on transport infrastructure with external routes; synchronous industrial development infrastructure to attract investment; urban infrastructure to promote service development; information technology infrastructure towards the goal of building a digital economy and digital society; social infrastructure to ensure social needs and promote the development of social services... In the first 6 months of the year, the whole province has cleared more than 554 ha of industrial park land to attract and receive investment projects. Investors in industrial parks have invested in building technical infrastructure for more than 70 ha. There are two more industrial park infrastructure projects approved by the Prime Minister, including: The project on the investment in infrastructure construction and business of expanded Thang Long Industrial Park II, phase 3, and the project on the investment in infrastructure construction and trading of expanded Yen My II Industrial Park. The province has attracted 38 new investment projects, with a total capital of 15,544 billion VND and 37.9 million USD. Up to now, the province has 2,094 valid projects, over 14.2 thousand enterprises with a total registered capital of about 156,199 billion VND. Every year, enterprises contribute over 70% of gross domestic product (GRDP), nearly 40% of total budget revenue, and create jobs for more than 2.3 thousand employees.

With the goal of creating a new breakthrough in investment attraction, in the coming time, relevant departments, agencies, units and localities will continue to review and advise the Provincial People's Committee to take measures to improve the investment environment, build and improve the PCI, PAPI... At the same time, creating favorable conditions for attracting investment, speeding up the investment progress; regularly inspecting, urging and ensuring the project's site clearance progress according to the plan of the province. Mr. Trinh Van Dien, Director of the Department of Planning and Investment said: Hung Yen is always committed to creating favorable conditions for businesses to develop and respecting the interests of enterprises by providing timely support and solving difficulties for businesses in tax, investment, construction, land, labor training, accompanying businesses. At the same time, strengthening investment promotion activities, market information and advertising product brands for businesses to promote and develop a growing team of businesses and entrepreneurs, contributing to the achievement of the socio-economic development goals of the province in the new period.