Binh Duong solves difficulties, stimulates production and business

On July 29, in Hanoi, Nguyen Thanh Nghi, Minister of Construction, chaired a video conference with Binh Duong, Dong Nai and An Giang provinces to grasp the situation and solve difficulties, stimulate production, business, public investment, infrastructure construction and import export of these localities. On behalf of Binh Duong province, Nguyen Thanh Truc, Vice Chairman of Provincial People's Committee; and leaders of provincial departments and agencies attended the meeting.

Binh Duong do their best to remove difficulties and support business recovery and development. In photo: Production at Mekong Furniture Co., Ltd, Thu Dau Mot City.

Business support

At the conference, Lai Xuan Dat, Deputy Director of Binh Duong Department of Planning and Investment, informed situations of production, business, public investment, export and import in the province over the first 6 months of 2023 and business support solutions.

Accordingly, as of July 15, the province attracted VND52,472 billion of domestic investment capital registered for business, up 16.5% over the same period last year; So far, the province has 62,848 domestic firms with a total registered capital of VND683,000 billion. FDI attraction reached US$976.9 million, accumulated up to now, the province has 4,131 FDI projects with a total registered capital of more than US$40 billion. Industrial production index is estimated to increase by 2.65% over the same period in 2022. Import and export continued to face many difficulties, the main export items and the main export markets continued to reduce its demand. Namely, export turnover was estimated at US$15.1 billion, down 17.4% year-on-year; import turnover was estimated at US$10.78 billion, down 14.7% year-on-year.

In order to help businesses in the province resume production and business, Provincial People's Committee has implemented solutions on investment in infrastructure development, reforming administrative procedures, and supporting access to loans, looking for new markets etc.  In addition, Binh Duong has built up and well implemented a mechanism for dialogue, listening and directing to solve difficulties and problems of the business community.

Striving to reach the determined disbursement rate of public investment

In order to speed up the progress of key projects, Binh Duong has coordinated with relevant localities and units to research and implement investment procedures for Ring Road 3, Ring Road 4, and Ho Chi Minh - Chon Thanh highways; speed up the project of upgrading and expanding National Highway 13 and North Tan Uyen - Phu Giao - Bau Bang highway, building a list of priority transport projects with public investment capital in the phase 2021-2025 and after 2025...

As of July 15, the disbursement value of the provincial 2023 public investment plan was VND6,712.5 billion, reaching 30.8% of the plan assigned by the province and 55.1% of the plan assigned by the Prime Minister. Compared to the same period in 2022, the disbursement rate of public investment capital in 2023 is lower, but the absolute disbursement value has exceeded 2.34 times.

The province is striving to soon reach the disbursement rate target of over 95% for the whole year under the direction of the Prime Minister, therefore Provincial People's Committee has continued to urge and aske investors to follow the directions of Provincial People's Committee on public investment from the beginning of the year. At the same time, the province quickly carried out project implementation procedures, disbursed settlement capital for compensation and site clearance of key projects that are possible to be completed and put into use within the year.

From the beginning of 2023, Binh Duong has drastically removed difficulties and obstacles in key projects to accelerate progress. In photo: One of the sections of North Tan Uyen - Phu Giao - Bau Bang road project has been completed on schedule

To propose many solutions

Pointing out difficulties and obstacles in the implementation of construction investment projects, Mr. Lai Xuan Dat, said that the province has now many investment projects (industrial parks, housing areas, urban areas ...) approved for the adjustment of construction detailed planning, but the investor did not promptly apply for adjustment of the area, location, land use purpose, etc., leading to difficulties in determining the financial obligations of land-related enterprises.

Therefore, Binh Duong proposed the Ministry of Natural Resources and Environment to guide the determination of financial obligations and give opinions on the time of land price determination. Specifically, it is the time when Provincial People's Committee issues a decision to adjust the area, location, and purpose of land use to ensure consistency in the collection of land use levy and land lease in cases where the area, location, and land use purpose must be adjusted due to changes in detailed construction planning.

To solve problems in determining the amounts to be deducted from the land use levy and payable land rent, Binh Duong proposed the Prime Minister to soon consider and issue a guiding document. Regarding the completion of investment in infrastructure construction of service works, technical and social infrastructure projects according to the approved detailed construction planning, Binh Duong proposed the Ministry of Natural Resources and Environment to consider adjusting and supplementing regulations, in which investors only complete essential technical infrastructure items according to the approved detailed planning, like: roads, lines of electricity supply, lighting, telecommunications, water supply and drainage... to ensure connection with the general technical infrastructure system of the area.

Reported by Phuong Le - Translated by Ngoc Huynh