On December 3, at the meeting with voters to report the results of the 8th session of the 15th National Assembly of the Da Nang City National Assembly Delegation, Mr. Nguyen Van Quang, Secretary of the Da Nang City Party Committee, said that the Da Nang City National Assembly Delegation has proposed to add to the Investment Law the content of shortening investment procedures in a number of sectors when investing in a number of areas such as high-tech zones, economic zones, and industrial parks.
Mr. Quang gave an example, when businesses want to invest in free trade zones, concentrated information technology zones such as Software Park No. 1 and Software Park No. 2 which are about to be put into use (in Da Nang), businesses will enjoy preferential mechanisms regarding special procedures.
According to Mr. Quang, currently, an investor who wants to invest in a project must go through many procedures from investment licensing procedures to environmental impact assessment, fire prevention and fighting...
"This time, investors do not need to follow those procedures. Investors will submit their documents within 15 days, then the competent authority must respond to them whether they can invest or not. During the project investment implementation process, if investors violate the regulations of Vietnamese law on environmental protection and fire prevention and fighting, they will be handled. The investor must take full responsibility for all damages and even the suspension of the project and the inability to continue investing," said Mr. Nguyen Van Quang.
According to the Secretary of the Da Nang City Party Committee, if this is not done, investors will not be able to invest early and invest quickly. And this locality will lose the opportunity to develop many new industries and fields such as semiconductors or artificial intelligence and industries with high technology levels.
