Boats off the coast of Cai Bau Island, the centre of Van Don Economic Zone in Quang Ninh province (Photo: VNA) Quang Ninh (VNA) – The northerncoastal province of Quang Ninh is offering various incentives and preferentialmechanisms to encourage investors to invest in economic zones (EZs), industrialparks (IPs) and border economic zones (BEZs) in the province.
At a press briefing on May 14,Vice Chairman of the provincial EZ management board Hoang Trung Kien saidbesides general policies, the province has issued its own investment supportmeasures such as preferential rules on land lease and land allocation forbuilding resettlements for those investors.
In particular, the province shares30 percent of the land clearance costs immediately after an investor submits aninvestment plan. As a result, land clearance work at local industrial parks is going onsmoothly. Some examples are the Viet Hung Industrial Park with 124 out of the total 151 ha ofland already cleared, the Hai Yen Industrial Park with 85 out of 182 ha of land and theTexhong Industrial Park with 300 out of 660 ha of land cleared.
For secondary investors in IPs,the province promises support in workers’ training, trade promotion, technologytransfer and cost in publishing announcements on firms’ establishment and productadvertisements on the province’s portal and the IP management board’s website.
At present Quang Ninh has 11IPs, one coastal economic zone (Van Don) and three planned border economic zones, which are located in 11districts, towns and cities. They cover a total area of more than 368,000 ha,or 30.2 percent of the province’s area.
In the first five months of thisyear, nearly 3 trillion VND (128.2 million USD) was poured into economic zones and IPs inQuang Ninh, including 27.87 million USD of foreign investment.
Meanwhile, the three border economic zones - MongCai, Bac Phong Sinh and Hoanh Mo-Dong Van – have attracted 95 investmentprojects, including 17 foreign invested ones capitalized at nearly 298 millionUSD. The remaining are run by domestic investors with total investment ofnearly 10.2 trillion VND (430 million USD).
Doing business in Quang Ninh has become easier in recent years, thanks to local authorities’ efforts to simplify administrative procedures.
The northern coastal province has an automatic customs monitoring system and has digitalised many administrative procedures.
It has simplified procedures related to business registration and construction licensing, reducing time and money for enterprises.
These efforts have helped reduce time of customs clearance for imported goods to only 24 hours instead of 39 hours as previously.
Meanwhile, the time for individuals and organisarions to complete procedures to start business is six days, a cut of three quarters of the time compared with regulations in Government Resolution 19. Meanwhile, the time for granting construction permits is no more than 52 days, 68 days less than regulations in Government Resolution 19.
Thanks to the locality’s efforts to cut time spent processing administrative procedures, the locality’s investment environment has improved remarkably.
In 2018, the northeastern province of Quang Ninh granted and adjusted investment licences for 50 projects with total registered capital of more than 23.6 trillion VND (more than 1 billion USD).
𝓀 As many as 67.6 trillion VND (nearly 2.91 billion USD) was injected into the province in the year, including key infrastructure projects such as Ha Long - Hai Phong and Ha Long - Van Don expressways, Van Don International Airport, Hon Gai international port and FLC Ha Long Bay Golf Club and luxury Resort, greatly contributing to the province’s development.-VNA
