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  • News in Vietnam
  • 10 October 2022

A transparent business investment environment creating favorable conditions for businesses

Determining a transparent and open business investment environment is a key factor to build trust in businesses and investors.

In the 2021 rank of the Provincial Competitiveness Index (PCI), Lang Son is a province having most explicit modification, climbing 13 places compared to 2020. Many administrative procedures have been reviewed and eliminated. Policies introduced to support businesses, legal institutions and ensure security and order all increased. Sense of responsibility of officials, civil servants and public employees towards the resident and business has also shifted from “allowing”, “licensing” to “serving”.

The People’s Committee of Lang Son province has also directed departments, branches and People’s Committees of districts to effectively implement administrative reform, confirm, adjust and supplement the investment planning; invest in infrastructure construction, provide enterprises with business production premises, etc.,

Mr. Ho Phi Dung, Director of Lang Son Production and Trading Joint Stock Company, Chairman of the Business Association of Lang Son province assessed that, over those yearlong periods, the provincial Party Committees, People’s Councils, People’s Committees, departments, and locality have paid great attention to improving the province’s business investment environment. Majority of enterprises are small and medium-sized, lack competitiveness, so it is recommended that provincial leaders, departments and agencies should concentrate so that the businesses could access capital sources for production and business activities.

With the efforts of the entire political system, Lang Son’s business investment environment is gradually improving. The locality is home to more than 20 large-scale investment projects, such as the Mau Son tourist area project, Huu Lung industrial park (undergoing investment procedures), a transshipping area, an import-export zone  and many other logistics projects. Agricultural investment projects such as Makkah afforestation project, development and processing of agro-forestry products, urban development projects…

From 2021 to mid-May 2022, there are 27 projects with registered capital of nearly 3,900 billion VND that have been granted investment certificates or investment policies in Lang Son.

Ms. Phung Thi Thanh Nga, Deputy Director of the Department of Planning and Investment of Lang Son province, said that Lang Son has also assessed the competitiveness of departments and agencies, so provincial leaders have accessed more information on how to handle and manage the multilevel administration to take corrective actions and direct settlement of work in a timely manner.

One of the main solutions is to focus on staff training, especially those working directly with enterprises to gradually acquire more decent manners, and professional skills. The province has directed specialized agencies to focus on investment promotion, find ways to approach and attract large investors and foreign investors to the province. Ms. Phung Thi Thanh Nga said the development orientation of the province is to attract big investors and other companies to join the chain and general development of the province.

Sharing border with Guangxi (China), with convenient border gate system, road and railway network… Lang Son is much favored with its prime location; It is an important bridgehead connecting the China – ASEAN Free Trade Zone and the Nanning Economic Corridor (China) – Lang Son – Hanoi – Hai Phong – Quang Ninh. To attract big investors, Lang Son continues to plan industrial clusters and industrial parks in the region, promote the construction of transport infrastructure, electricity and water, and protect the environment…

Mr. Ho Thien Chu, Chairman of the People’s Committee of Lang Son province, said that the province has proposed the Government for approval the additional planning of the service urban industrial park in Huu Lung district to facilitate the development of industrial sectors. , create jobs and promote other industries, steadily increase budget revenue in the upcoming years, at the same time create favorable conditions for the State’s economic shifting towards trade, services, construction, tourism, services and agriculture. The timely removal of difficulties and obstacles for investors implementing investment projects in the region, and actively engaging in positive dialogue with businesses and entrepreneurs of Lang Son aim to make the province driving force of the Northeast.

Source: Baomoi