Ha Tinh removes suspended projects to open the way to welcome new investors

TRẦN TUẤN |

In recent times, Ha Tinh province has stepped up the urging and handling of slow-progressing projects and suspended projects to improve the effectiveness of attracting investment and creating jobs for workers in economic zones in the area.

Resolutely supporting the "suspended" project

According to the Ha Tinh Economic Zone Management Board, thanks to promoting investment promotion and removing difficulties, currently, the economic zones (including Vung Ang Economic Zone and Cau Treo International Border Gate Economic Zone) and Ha Tinh Industrial Parks have attracted 193 investment projects with a total converted investment capital of more than 18.5 billion USD.

Of which, Vung Ang Economic Zone alone has 150 projects, including 55 foreign-invested projects with a total registered capital of more than 16 billion USD and 95 domestic investment projects with a registered investment capital of more than 71,852 billion VND.

Currently, the Ha Tinh Province Economic Zone Management Board continues to promote investment in a number of major projects such as: Vung Ang III Thermal Power Plant - LNG Thermal Power Plant, LNG Import and Distribution Center, Vung Ang Logistics Center, Seaport and Son Duong Logistics Center...

In recent times, the Ha Tinh Economic Zone Management Board has focused on promoting administrative reform associated with digital transformation, creating favorable conditions for domestic and foreign investors.

Along with the process of attracting investment and accompanying investors to implement the project, the Provincial Economic Zone Management Board has coordinated the work of inspecting, reviewing, monitoring investment progress and terminating operations for projects that are behind schedule and not implemented. Thereby, creating land funds to attract new investors, contributing to improving the efficiency of attracting investment" - a leader of the Ha Tinh Provincial Economic Zone Management Board shared.

Also according to the Ha Tinh Economic Zone Management Board, after 10 years of establishment, the total state budget revenue in economic zones and industrial parks of Ha Tinh province has reached nearly 78,500 billion VND, contributing 56.5% of total budget revenue. Total import-export turnover in Ha Tinh Economic Zone reached nearly 35.5 billion USD, accounting for more than 95% of the total import-export turnover of the province.

Creating jobs for more than 21,000 workers

Currently, projects in the Economic Zone and Industrial Park of Ha Tinh province have created jobs for more than 21,000 workers, contributing to reducing the unemployment rate and increasing income for local people.

Mobilize budget resources for investment in the period of 2021 - 2025 over 3,500 billion VND along with non-budgetary resources, invest in infrastructure development, contributing to the construction of civilized and modern urban areas. Thereby, contributing to social security work, ensuring improving the quality of life for workers and promoting the sustainable development of economic zones and industrial parks.

Implementing the provincial strategy of 2030, vision 2050, to promptly meet the needs of attracting investment and developing the economy, the Ha Tinh Economic Zone Management Board is implementing the development of the Vung Ang Economic Zone Expansion Project, expected to be 3 times the current area.

The goal is to increase the attraction of large projects, while completing the infrastructure system, creating an ideal investment environment for domestic and foreign investors. In addition, it will continue to implement planning and build industrial parks according to the approved plan, including 5 industrial parks that are being focused on development.

Currently, the Ha Tinh Economic Zone Management Board is continuing to create strong changes in reform, simplifying administrative procedures, shortening processing time, and accompanying businesses to facilitate the research and implementation of projects.

With the advantage of attracting effective investment, Vung Ang Economic Zone is gradually emerging as a vibrant industrial city in the south of Ha Tinh province, with people's lives constantly improving.

TRẦN TUẤN
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