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Effective attraction and using of investment capital for industrial zones development

Friday, 2019-12-20 22:42:28
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PTO - To attract investors, Phu Tho has mobilized many resources, prioritized investment in technical infrastructure to share and accompany with investors; creating an active support and impaction between the development of industrial zone (IZ) infrastructure and the region's technical infrastructure. The province also has many preferential mechanisms and policies for investors to implement projects quickly, conveniently and effectively.

In 1997, only Thuy Van IZ was allowed to establish by the Prime Minister. So far, Phu Tho has 7 IZs approved by the Prime Minister with a total area of 2,256ha. 4 IZs have been under construction of infrastructure with the occupancy rate of over 70% of industrial land, attracting 172 projects. Including 79 FDI projects with a total investment capital of USD852 million; 93 DDI projects with a total investment capital of VND19,809 billion. Notably, there are many large-scale and high-tech FDI projects such as Phu Tho Namuga Technology Co., Ltd, JNTC Vina Co., Ltd, Almus Vina Co., Ltd., Hanyang digitech Vina Co., Ltd, etc. significantly contributing in economic restructuring and industrial production development, forming a number of new and high-tech industries, boosting the provincial industry. Every year, enterprises in IZs make an important contribution to increasing the industrial production value, export turnover and budget revenue for the locality; contributing to creating jobs, stabilizing and raising incomes for workers and local people.

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In order for IZs to develop, creating a leverage to attract FDI capital into the province, besides continuing to review and timely adjust the planning of available IZs to suit the socio-economic development process. It is necessary to continue studying the planning of new IZs in accordance with the development orientation, investment attraction of the province.

Specifically, the province will focus on investing in key technical infrastructure systems, renewing investment promotion; proactively approaching and dialoguing on the development direction of the province; introducing potentials, strengths and opportunities, investment policies to enterprizes and key markets.

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Promoting investment promotion, at the same time, encouraging effectively invested projects to expand its scale and investment capacity; focusing on administrative reform; studying and proposing a superior mechanism for economic development based on the planning of industrial parks with large land fund, creating a stimulus for investment attraction and economic development; promoting and attracting investors with modern advanced technology to produce the high-quality, large-scale and high value-added products with high competitiveness and environmentally friendly. In particular, focusing on promoting bilateral investment with partners such as Japan, South Korea, Taiwan (China), the US, Israel, EU countries ...

Creating a trend of maketing in the entire political system, officials and people who together promote the province's image to attract investment, building the government along with enterprises for the provincial socio-economic development.

 

Nguyen Ngoc Hanh

Head of the Provincial Industrial Zones Management Board

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