Hoa Binh rolls out red carpet to attract investors

4/6/2021 - 10:15:29 AM

(HBO) – Being aware of their potential, advantages and even weaknesses, localities in Hoa Binh province are rolling out the red carpet to attract more investors with a determination to create a favourable, safe and reliable environment for businesses.

Lac Thuy joint Stock Company of Duc Giang Corporation (Lac Thuy) is quickly put into operation, generating jobs for over 1,000 labourers.

At a meeting of the provincial Party Committee’s Standing Board in January, Ngo Van Tuan, member of the Party Central Committee and Secretary of the provincial Party Committee, stressed positive developments in several localities when the provincial Party Committee, local authorities, and relevant organisations joined hands in speeding up ground clearance to support enterprises.

According to him, ground clearance is the most important link to increase the efficiency of investment attraction. Of great note, some localities have taken the initiative in carrying out measures to improve the efficiency of ground clearance so as to better the investment environment and attract more resources for socio-economic development.

Lac Son district is a good example, reflected through the Canh Tang reservoir project. The project, invested by the Ministry of Agriculture and Rural Development, has a total investment of 3.1 trillion VND (134 million USD). To carry out the project, the province was assigned to carry out compensation and resettlement for 652 households with the total area of land that needs to be cleared being 1,238ha. The district has mobilized the entire political system to effectively carry out the ground clearance.

Nguyen Ngoc Diep, Secretary of the district Party Committee, said that the district is determined to perform well the task in order to attract investors, to compensate for the locality’s disadvantages, especially in the geological position and the road transport system.

Lac Thuy district counts 54 investment projects with total registered capital of around 18.03 trillion VND. It has been able to attract strategic investors and lure major projects thanks to drastic actions in improving the investment climate, particularly in site clearance.

Investors said the available of clean land has shortened the time needed to put projects into operation, which created special attractiveness for Lac Thuy over the past years. During project implementation, all-level Party Committees and authorities have helped to remove difficulties facing investors, and worked as a bridge between investors and people. Slow land clearance cause many projects to delay and be rescheduled. The main reason for the problem is that businesses and local residents could not reach consensus on the compensation plan.

Such bottlenecks need the involvement of the entire political system and relevant units to be handled. "People sometimes ask for high compensations as they think that enterprises can afford high prices that even amount to 2 billion VND per ha,” a businessperson said on condition of anonymity.

"However, after being explained by district officials, they are aware of benefits generated by the projects such as job generation, higher income, momentum for local socio-economic development, and State budget contribution,” the businessperson said, adding that locals agreed with the compensation plan at last.

In an effort to attract investments, the province has rolled out uniform mechanisms and policies. To assist investors, leaders of the provincial People’s Committee personally instructed the settlement of problems emerging during the implementation of major, important projects. The provincial centre for investment, trade and tourism promotion, and relevant departments and agencies have also helped enterprises with legal procedures.

During dialogues with investors, local leaders affirmed their support to investors, from survey to project building, implementation and operation, which has been realised with high political resolve. /.

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