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Focusing on investment attractions in Industrial Zones

January, 2019-01-13 19:19:00
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PTO- According to the development plan of the industrial zone (IZs) in Vietnam until 2015 and orientation to 2020, Phu Tho province has 7 IZs with an area of 2,285ha. Up to now, there have been 4 IZs in operation, including Thuy Van IZ (335ha), Trung Ha IZ (200ha), Cam Khe IZ (450ha), Phu Ha IZ (450ha). In addition, Phu Ninh IZ (100ha) is carrying out procedures for approval of investment policy and 2 IZs (Tam Nong - 350ha, Ha Hoa - 400ha) in the process of adjusting the position of investment infrastructure. 
While focusing on attracting investment in infrastructure construction of IZs to 2020, linking infrastructure between IZs to urban areas, local people easily access to Noi Bai - Lao Cai expressway, Ho Chi Minh route and national routes passing the province, the Management Board of Provincial Industrial Zones is focusing on implementing many solutions to promote investment attraction, especially large-scale projects with advanced technology, saving energy, natural resources, thus contributing to socio-economic development in the area. In the first 9 months of 2018, the Board issued 10 investment certificates for 6 foreign projects and 4 domestic projects with a total registered capital of more than VND 2,256 billion and USD 55.5 million. At the same time, the Board has also adjusted the Investment Registration Certificate for 38 projects with VND 826.7 billion and nearly USD 75 million. Up to now, the provincial IZs have 158 valid projects with a total registered investment capital of over VND 19,293 billion and USD 693.64 million, of which 68 FDI projects. The projects are implemented with investment capital of about VND 9,584 billion and USD 459 million.


Currently, Thuy Van IZ has attracted 97 secondary investment projects (including 34 FDI projects) with the registered capital of VND 9,323.86 billion and USD 399.78 million. There are 76 projects in operation (including 32 FDI projects) and 6 projects under basic construction, 4 projects are nearly invested, including Tasa No. 2 factory project of Tasa Ceramic tiles JSC; decorative brick factory of Tasa Ceramic Tile JSC; general service zone project of CMC JSC; General service zone project of Khai Minh Viet Co., Ltd.
The Management Board of Provincial Industrial Zones has actively implemented the functions and tasks assigned in the following areas: Investment in infrastructure construction of IZs, administrative procedure reforms; investment promotion. In the first 9 months of 2018, the Board contacted and worked with about 40 domestic and foreign investors, participated in investment promotion programs in Australia and New Zealand, Korea, China, introducing investments in IZs in 5 languages (Vietnamese, English, Korean, Chinese, Japanese). The Board has actively reviewed and simplified administrative procedures, announcing and publicizing administrative procedures, proposing to stop 10 administrative procedures and 17 administrative procedures, simultaneously implementing measures to support and promptly removing difficulties for businesses, contributing to stabilizing and creating trust for investors.

Dinh Vu