Provincial IPs Management Board makes efforts in supporting enterprises to work effectively

Update: 22-12-2020 | 11:17:30

Despite the impacts from Covid-19 pandemic in 2020, province-based industrial parks (IPs) still lured more than US$1.09billion in FDI capital and more than VND6.75trillion in domestic capital, surpassing 388% of the year’s plan. The operations of enterprises in province-based IPs remained stable.

Surmounting difficulties

So far, provincial IPs Management Board has controlled over 29 IPs with 12,670 hectares, including 27 in operation with 10.970 hectares.

With effective solutions, enterprises in province-based IPs continue to stabilize their production-business activities

Province-bases IPs now have a total of 2,933 valid investment projects, including 2,277 FDI projects with total registered capital of US$23.86billion and 656 domestic investment ones with total registered capital of more than VND73.83trillion. Since early this year, they have absorbed more than VND6.75trillion in domestic investment capital, up 36.68% compared to the same period last year or 388.23% of the year’s plan; US$1.09billion in FDI capital or 80.16% of the year’s plan.

To achieve the above results, provincial People’s Committee instructed provincial IPs Management Board and relevant units to be proactive to make investment promotion activities. Since early this year, the Management Board has also taken part in many online investment promotion seminars with Japan, South Korea, Italia, Australia, India…

In 2020, with support solutions from the province plus the efforts by enterprises, business and production activities in province-based IPs remained stable. Provincial IPs Management Board also coordinated with relevant units and localities to catch the operational situation of businesses for timely support, facilitating their development.

Cho Gyu Sik, Deputy General Director of Kimho Vietnam Co.Ltd. said that the province’s sectors, departments, especially provincial IPs Management Board had timely instructions, effective and quick coordination to support enterprises amid the complicated development of Covid-19 pandemic. Hence, enterprises have soon recovered their production-business activities. The company is applying new trade methods and seeking orders for export.

Striving to fulfill tasks

To ensure transparence in administrative reform, provincial IPs Management Board has announced 63 administrative procedures approved by provincial People’s Committee and opportunely guided enterprises to comply with policies on labor, investment, construction, environment through via its website. The Management Board has been also proactive to recheck and reduce administrative procedures, creating favorable conditions for enterprises to work…

Almost the business-production targets of enterprises in province-based IPs in 2020 reached stable growth. Particularly, their revenue was US$34.01billion, up 5% against the same period last year or 103% of the year’s plan. Of these, the foreign investment sector achieved US$28.24billion (or 82% of total), up 12% compared to the same period last year. Their total export turnover was estimated at US$20.44billion, up 5.87% compared to the same period last year while import value was US$17.61billion, up 4.32% against the same period last year. They paid US$516million for the local State budget. They also absorbed and generated jobs for 9,385 laborers.

Bui Minh Tri, Head of provincial IPs Management Board said that under the instruction of the Government and the province, the Management Board will continue realizing solutions to help enterprises remove their obstacles in order to resume operations after Covid-19 pandemic has been basically curbed. The Management Board is also rechecking and advising provincial People’s Committee on supplementing the list of projects belonging to priority fields for investment attraction, especially hi-tech, and environmentally friendly projects that make products with high added value, greatly contributing to the local State budget while selecting responsible investors, contributing to increasing investment capital into IPs in 2012 and in the next few years…

Reported by Ngoc Thanh-Translated by K.T

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Provincial IPs Management Board makes efforts in supporting enterprises to work effectively

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