News Detail - Quang Tri Portal

Quang Binh is regarded as one of localities which have a lot of advantages in investment attraction with an important strategic position on the asix of the East -West Economc Corridor, the National Road 12A - the shortest road linking Vietnam, Laos, Thailand and Myanmar with the Cha Lo International Border Gate and Na Phau Border Gate. This is the eastern gateway of the central region of Laos, the northeast region of Thailand and Myanmar, to be convenient for trade business and transportation with the neighboring countries.

Provincial leaders works with a Lao delegation on the project of building a bonded warehouse and oil pipeline system from Hon La Seaport to Khammouane province.

In 2015, Cha Lo International Border Gate EZ was ranked in the list of the national key EZs by the Prime Minister and regarded as the EZ with the most dynamic growth in comparison with the EZs sharing a common borderline with Laos. This is a positive sign and a good opportunity to lure investment, especially investment in EZs and IPS.

The province defined that the improvement of business environment is one of key factors to attract investors and renovated investment promotion with a focus on implementing administrative reform and improving strong business and investment environment, creating an attractive, favorable, sound and friendly investment environment for investors. Therefore, the province has directed all levels and agencies to build and approve the specific policies to lure the enterprises.

In particular, the Management Board of EZs has directed the specialized divisions to directly solve admistrative procedures, strengthen supervision activities of administrative procedures in writing based on the set targets, tasks and action plan.

The Management Board of EZs has set up the plan to simplify administrative procedures on land, construction, environment, investment, labor and trade in EZs and IPs. So far, the Management Board of EZs has received and solved 61 dossiers of administrative procedures relating to investment management, enterprise labor, planning, construction and environmental resources.

In addition, information on fees for site clearances, incentive investment policies, list of key projects calling for investment has regularly been published and posted on the website of the Management Board of EZs.

With the simplification of administrative procedures to create a sound mechanism for investors, construction investment in technical infrastructures, construction investment management of the projects in the EZs and IPs have closely been supervised on progress, volume, quality in accordance with the State's regulations, meeting the demands of investors.

Accoording to the figures from the Management Board of EZs, in 2016, the province had 25 projects for investment registration with a total registered capital of over VND5,372 billion, of which 20 projects have implemented procedures for issuing certificate of investment registration and decision for investment with a total registered capital of over VND3,411 billion.

So far, the province's EZs and IPs have attracted 94 projects with a total registered capital of VND43,000 billion, of which there are 4 foreign investment projects with a total registered capital of USD26 million. Many key projects included Quang Binh energy tablet manufacturing factory of the Dohwa Green Energy Company Ltd, Korea in the Hon La EZ with a total investment of VND240 billion; the Quang Binh MDF factory of the Licogi 13 Joint-stock Company in the North Dong Hoi IP with a total investment of over VND1580 billion; the garment factory of the S&D Company Ltd in the Northwest Quan Hau IP with a total investment of VND121 billion; the DKC Hon La oil warehouse project of the DKC Hon La Investment Joint-stock Company in Hon La EZ with a total investment of VND162 billion, etc.

Import-export actitivies via Cha Lo International Border Gate EZ are increasing

In 2016, business production in EZs and IPs (except the border gate EZ) has gained total turnover of VND3,468 billion (grew by 93% from the same period of 2015); value of export was estimated to reach VND1,922 billion (increased by 97% from the same period of 2015); tax revenues reached approximately VND123.5 billion (up 21% over the same perid of 2015).

However, investment attraction in EZs and IPs has met a lot of difficulties. In order to solve difficulties and strengthen investment attraction in EZs and IPs, the Management Board of EZs will focus on implementing comprehensive solutions in the coming time, Mr Nguyen Quoc Khanh, head of the department of investment under the Management Board of EZs said.

Concretely, focusing on updating information on investment promotion and investment process in order to call upon and attract more investors, especially potential investors; strengthening periodical inspections on implementation of administrative procedure control; calling upon investment attraction from many sources of capital to improve technical infrastructure in EZs and IPs; well implementing one-door mechanism, quickly solving investment procedures, creating favorable conditions for investors to implement the projects in the locality, etc.

By Nhu Y
(Source: Quang Binh Newspaper)