"Promised land" for the investment environment

BHG - Ha Giang Province has been creating the most favourable conditions for investors, boosting reform of administrative procedures, proactively removing difficulties and obstacles, and accompanying businesses towards making the locality a "promised land" for the investment environment.

Committed to accompanying investment and business individuals and organisations, Ha Giang has been focusing on improving inspection and supervision and urging agencies and units to resolve investment procedures, as well as improve quality service. The local authorities have also been strengthening the support, providing information, conducting field surveys, and advising and guiding investors on the implementation procedures of the projects. In 2023, the province supported surveys and resolved investment proposals for new projects from 25 businesses, approved investment policies and issued new investment registration certificates for 14 projects, with a total registered capital of over 3.528 trillion VND.

In the first quarter of 2024 alone, the province issued new investment policies/investment registration certificates for three projects, with a total registered capital of 129.5 billion VND. The provincial leaders also granted adjustment of investment registration certificates for two petroleum and hydroelectric projects. Accumulated to March 2024, 321 investment projects received investment registration certificates, of which 317 are domestic investment projects, with a total capital of over 50.932 trillion VND, and four foreign direct investment (FDI) projects have been managed well, with a total registered investment capital of 3.69 million USD, equivalent to 85 billion VND. The authorities have also been urging and checking the progress of several key projects in the fields of urban areas, tourism, cemeteries and waste. The relevant agencies have worked to resolve problems for investment projects that were behind schedule or stopped operating and projects facing legal procedural issues.

Deputy Director of the Provincial Department of Planning and Investment Pham Thanh Hoa said to create favourable conditions for businesses, the province has implemented business registration via electronic networks and online public services while quickly carrying out administrative procedures for business registration.

Chairman of the Provincial People's Committee Nguyen Van Son shared that Ha Giang will focus on implementing three strategic breakthroughs, including focusing on allocating resources to improve socio-economic infrastructure, especially transportation infrastructure, regional and inter-regional connectivity, technical infrastructure development, and developing tourism and agriculture towards high-quality products under the value chain. The province will prioritise investment promotion with regional links and integration with trade and tourism promotion, focusing on projects that aim to call for investment, promote green growth associated with digital transformation and create long-term growth momentum.

Dang Kim