An official of the northern province of Hai Duong answers questions from FDI enterprises' representatives at the meeting. (Photo:VNA) Hai Duong (VNA) - The northern province of Hai Duong has worked continuously to improve its investment environment, removing difficulties and creating favourableconditions to facilitate the operation of foreign direct investment (FDI) enterprisesin the locality, the provincial leaders told representativesof 400 FDI firms based in the locality at a meeting on May 18.
According to Chairmanof Hai Duong provincial People's Committee Trieu The Hung, the meeting is anopportunity for the province to listen to FDI firms' opinions and recommendations, thus timely solving bottlenecks that hindering smoothoperation of FDI enterprises in the locality.
Representatives of FDIenterprises at the event spoke about problems they are facing, including transport infrastructure, social insurance, site clearance, land lease, regulations on fireprevention and fighting, incentives for FDI enterprises investing outsideindustrial parks (IPs), procedures and documents for project construction permit,electricity supply situation, and mechanisms for investment in infrastructure in IPs.
🌄 Hai Duong provincialParty Committee Secretary Tran Duc Thang admitted limitations in the province'sbusiness and investment environment, saying that one of the major causes is the performance of state agencies and civilservants.
He said the provincewill continue with efforts to improve the business and investment environment, standing side by side with businesses, creating all themost favourable conditions for enterprises to operate in the locality.
To date, the provincehas 496 FDI projects with a total capital of over 9.2 billion USD from 26countries and territories, ranking 4th in the Red River Delta region and 11thin the country.
Investors from Asian countries accounted for 90% of the total number of foreign investors; in which, China’s Hong Konginvestors accounted for 40%; Japan 16.3%, and the Republic of Korea 15.4% of totalregistered investment capital.
FDI enterprisescurrently contribute over 60% of industrial production value of the province.The FDI sector is also a leader in export, international economicintegration, creating many new products for locally produced goods and is abright spot in contributing to the provincial budget every year, accountingfor about 30% of the total budget revenue of the locality.
ಌ Regarding orientation to attract investment in the comingtime, Hai Duong will prioritise projects using high and smart technology,biological industry, new materials, processing industry, manufacturing andsupporting industries; projects with high added value, and eco-friendlyprojects./.
