Cooperation - Investment

Hai Duong paves the way for industrial development

DO QUYET – HUYEN TRANG 06/01/2024 17:29

Hai Duong has taken a lot of measures to pave the way for industrial development with the aim of becoming a modern industrial province and the driving industrial center of the Red River Delta by 2030.

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The processing time of all administrative procedures related to investment, labor… has been shortened by half or one third by the provincial Industrial Parks Authority

Improving investment environment

Hai Duong province recorded positive changes in the investment environment in 2023, especially the reform of administrative procedures.

All administrative procedures related to qualified business and investment have so far been carried out in the online public service system at levels 3 and 4.

The processing time of many administrative procedures were shortened, enabling enterprises to soon deploy their projects.

China’s CE LINK Ltd. has poured 60 million USD into the construction of a factory in An Phat 1 industrial park (IP) to manufacture and process electronic components and automotive signal transmission cables.

The enterprise was enthusiastically supported by the provincial authorities with the processing of investment procedures and swiftly got an investment registration certificate.

“We believe that in an investment environment that always has strong support and direction from the government, CE LINK will have sustainable development steps in Hai Duong. We are committed to quickly implementing stages of the projects in accordance with regulations to soon put the factory into operation,” said a representative of the company.

Wang Yong Qiang, Director of the Construction Engineering Department of Sungold Co., Ltd. in Cong Hoa IP said that most administrative procedures were completed 2-3 days earlier than listed, helping his enterprise save a lot of time and effort.

Over the past time, the provincial IPs Authority has simplified most procedures in the fields of investment, construction, labor, etc. by half or one third.

As a result, IPs in the province lured 56 FDI projects with a total registered investment of about 1 billion USD in 2023. Around 212.6 million USD was also added to 31 existing FDI projects.

The Department of Industry and Trade has also promoted administrative procedure reform and improved the sense of responsibility and quality of consulting, guidance, and handling of administrative procedures for industrial cluster investors.

All 121 sets of administrative procedures under the department's jurisdiction are carried out at levels 3 and 4, especially the online issuance of certificates of origin (C/O). last year, about 17,048 C/Os were issued with a total value of over 1.4 billion USD.

Creating clean grounds

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146 ha of phase 2 of the extended Dai An industrial park have been cleared

Hai Duong province is conducting site clearance for five IPs in the districts of Binh Giang, Cam Giang, Gia Loc, and Kim Thanh.

The IPs cover a total area of about 938 ha, including 649 ha of industrial land for rent. 588 ha of the IPs have so far been cleared, 410 ha of which were handed over to investors for phase 1 infrastructure construction to attract investment.

Phase 2 of the extended Dai An IP has an area of over 227 ha in Cam Dong and Cam Doai communes, Cam Giang district.

Dai An IP Infrastructure Co., Ltd. is the investor of the IP with a budget of about 2,300 billion VND.

The IP is considered a potential destination due to its favorable traffic location and synchronous and modern infrastructure.

146 ha of the IP has been cleared and handed over to the investor for infrastructure construction.

Meanwhile, the extended Phuc Dien IP started to be built at the end of last December. The IP covers an area of 235.6 ha with a total investment of nearly 2,000 billion VND.

These IPs will create stable jobs for thousands of workers and be the main "tractor" for satellite businesses in the area upon operation.

Thanks to synchronous measures to create clean grounds and improve the investment and business environment, Hai Duong is considered one of the 20 localities having the best industrial infrastructure quality in the country.

This is an outstanding advantage for Hai Duong to be on the list of attractive investment destinations for foreign businesses.

The provincial People’s Committee had decided to establish 58 industrial clusters with a total area of 2,942.61 ha by the end of 2023. Among them, 32 industrial clusters have lured more than 400 secondary projects with an occupancy rate of over 80%.

DO QUYET – HUYEN TRANG

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Hai Duong paves the way for industrial development