Hai Duong lure more investment with new promotion activities

Diverse promotion activities

Hai Duong province considers investment promotion a breakthrough to impress and attract investors.

Therefore, the provincial authorities have drastically directed the improvement of the investment environment and competitiveness despite international and domestic fluctuations’ impacts on economic development and investment attraction.

This year, Hai Duong has actively participated in programs to promote investment and proactively organized conferences for investors and businesses to grasp information and opportunities when investing in the locality.

A meeting between leaders of the province and foreign-invested (FDI) businesses was successfully held last May to directly listen to and remove difficulties and obstacles for investors in the locality, thereby consolidating the business community's confidence in the government's administration capacity.

The provincial authorities also integrated foreign affairs with investment promotion when receiving Korean, Japanese, and Chinese investors coming for a working visit or learning about the local investment policies and environment.

Recently, standing members of the provincial Party Committee have led delegations of the provincial departments and sectors and representatives of some businesses to the US, Japan, France, Belgium, and the UK to directly seek opportunities to attract projects with economic potential, high and clean technology to the province, showing the province’s attention and goodwill towards investment projects.

Favorable investment environment

In addition to diverse investment promotion activities at home and abroad, Hai Duong leaders require consulting bodies to regularly summarize periodic or extraordinary reports on the progress of projects to promptly remove difficulties and problems for businesses and investors.

New regulations on land, energy, human resources, technical and traffic infrastructure, etc. are frequently updated and reviewed, ensuring sufficient technical infrastructure in industrial parks and clusters to attract secondary investment projects.

Investment procedures are resolved quickly and on time to limit backlogged and overdue documents.

All State agencies in the province actively increase the number of documents and administrative procedures received and processed through online public services at levels 3 and 4.

All administrative procedures, fees, charges, and planning, legal, and budget documents according to the functions and management tasks of each unit are made public and easy for businesses and investors to access without costing much time and labor.

The province regularly updates a list of projects calling for investment, preferential policies, administrative procedures related to investment and business, and data on the provincial socio-economic development for enterprises to proactively access information and consider investment.

Thanks to synchronous implementation of investment promotion measures, the provincial business and investment environment has been improved, reflected in domestic and foreign investment attraction results.

Hai Duong lured 124 domestic direct investment projects, including 27 new ones with a total registered capital of more than 3,200 billion VND, in the first 10 months of 2023.

FDI poured into the province amounted to 673 million USD, double the same period last year.

The province recorded 1,569 newly-established enterprises with a total registered capital of nearly 13,300 billion VND, an increase of 18.5% in the number of businesses and 21% in capital compared to the corresponding period last year.

Hai Duong News