Enhancing dialogue and removing obstacles for investors in Thai Nguyen

Thai Nguyen continues to make strong efforts to improve the investment environment and attract capital to the province. The Chairman of the Provincial People’s Committee has recently signed Decision No. 1021/QD-UBND to establish a special working group tasked with resolving difficulties and supporting businesses, investors, and industrial and service development projects across the province.

Launching the special working group to support investors

The working group consists of more than 30 members, with comrade Nguyen Thanh Binh, Vice Chairman of the Provincial People’s Committee, as the team leader, and the Director of the Department of Planning and Investment as the deputy team leader. Members include the Chief of the Provincial People’s Committee Office, heads of departments and sectors of the province, the Chairman of the People’s Committee of districts and cities, and deputy directors of the Department of Planning and Investment.

During the investment process in Thai Nguyen, especially in industrial zones and clusters, domestic and foreign investors may face difficulties related to land clearance, procedures, personnel, and banking. Therefore, the working group is tasked with reviewing, summarizing difficulties, proposing solutions, and providing information to help the Chairman of the Provincial People’s Committee direct and coordinate activities between sectors and localities to resolve issues arising in the implementation of projects in the province.

The working group also has the responsibility of urging and monitoring the process of addressing difficulties faced by investors. Additionally, they may propose investment promotion solutions to attract large-scale and high-tech projects.

The working group will report to the Chairman of the Provincial People’s Committee on a regular basis or as necessary to provide updates on progress and propose solutions to timely resolve any difficulties or obstacles faced by investment projects in the province. The Department of Planning and Investment will actively receive and advise on documents from sectors, units, and localities sent to the working group, and will summarize and report regularly as required. The establishment of the working group is expected to help resolve difficulties and obstacles for businesses, contributing to a favorable business environment and continued attraction of domestic and FDI investors to Thai Nguyen.

Strengthening dialogue with businesses

On the afternoon of May 30th, the Party Committee – People’s Council – People’s Committee of Thai Nguyen City organized a dialogue conference between the leaders of the Party Committee, government, and the business community in the city in 2023.

In the first five months of 2023, Thai Nguyen province has achieved and exceeded the plan for several indicators, such as: The cumulative value of industrial production reached over VND16,000 billion (an increase of 5.2% compared to the same period); the total retail sales of goods and revenue from social consumer services reached nearly VND15,000 billion (an increase of 12.2%), etc.

The leadership of the Thai Nguyen Business Association has provided a quick report on the production and business situation, as well as the advantages, difficulties faced by local businesses in recent times. They also proposed that the Party Committee and government at all levels continue to pay attention to resolving difficulties for businesses, specifically in the real estate market and online business activities. They also suggested requesting the banking sector to reduce interest rates for loans.

In the concluding speech at the conference, the leaders of Thai Nguyen City affirmed that the Party Committee and government are committed to further improving the investment and business environment. The government stands alongside businesses and creates favorable conditions for them to fully utilize their talents, intelligence, and production and business capabilities, in order to achieve strong growth and sustainable development.

Additionally, the province encourages businesses to enhance the application of science and technology to increase labor productivity and improve business management capabilities. They are encouraged to play a greater role and take responsibility in project implementation, contribute to the development of a green economy, and collaborate with the city in implementing economic recovery plans, ensuring feasibility and effectiveness in practice, with the aim of building Thai Nguyen into a smart and modern industrial city.

Source: Thai Nguyen Newspaper