Obstacles in investment in industrial parks tackled

Decree 35 removes difficulties and obstacles in attracting investment. In the photo: An employee of the provincial Industrial Parks Authority handles administrative procedures online

The Government's Decree 35/2022/ND-CP, becoming effective one year ago, is highly appreciated for having many positive innovations to remove difficulties in attracting investment to IPs and shorten the processing time of some administrative procedures (AP).

The IPs Authority of Hai Duong province has amended its position, functions, tasks, powers, and organizational structure in accordance with Decree 35.

With its new functions and powers, the authority proposed the abolishment of one AP, helping businesses shorten their investment time and save 27.3% of their costs.

The provincial IPs Authority has also reduced the processing time of all investment-related APs to 3 – 5 days.

“Decree 35 contributed to helping our company’s project to be commenced sooner. We only had to wait a few days to get an investment registration certificate,” said a representative of BigLand ID Investment JSC.

The enterprise is carrying out a BigLand ID Hai Duong ready-built workshop project in An Phat 1 IP with a total investment of 150 billion VND. The project is expected to come into operation in 2024.

Local authorities also have more power in IP management thanks to Decree 35.

Some IP infrastructure investors in Hai Duong consider this a breakthrough that offers them and the province many advantages.

Decree 35 provides a clear and specific legal corridor for the management of industrial parks and economic zones, contributing to improving the investment environment (illustrative image)

Under Decree 35, the Ministry of Planning and Investment will coordinate with provincial People's Committees to build and run a national information system about IPs and economic zones.

The system will contribute to shortening APs and saving costs for investors, businesses, as well as State management agencies upon operation.

“There are 12 active IPs and four others under clearance in Hai Duong province. The inclusion of the IPs into the national information system will somewhat improve the efficiency of investment promotion and provide enterprises with more information for analysis and assessment to come to an appropriate investment decision,” said Nguyen Dinh Tiep, Head of the provincial IPs Authority’s Investment Management Department.

Decree 35 also amends and supplements a number of regulations related to infrastructure investment such as investment phasing, simplification of regulations on conditions, order, and procedures for infrastructure investment, IP establishment and expansion to streamline APs, helping investors shorten project implementation time.

Luong Dien – Ngoc Lien and Binh Giang will be two IPs in Hai Duong entitled to all new regulations of Decree 35 once being approved by the Prime Minister.

DQ