Red carpet for investors

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Báo Đầu Tư English - 58 month(s) ago 2 readings

Red carpet for investors

Northern Ninh Binh province Industrial Parks Management Authority head Nguyen Van Binh tells VIR’s Dong Hoa how local parks’ potentials are being showcased.

Mr Nguyen Van Binh Could you reveal province’s development master plan for local industrial parks?

Under the Vietnam’s industrial park master plan by 2015 and towards 2020 approved by the prime minister, Ninh Binh will have seven industrial parks, including two expanded and five newly established ones. The seven industrial parks are forming a triangle of industrial development alongside 22 local industrial groups covering a total area of 880 hectares.

So far, the Khanh Phu, Tam Diep and Gian Khau industrial parks have finished or completed some parts of infrastructure work and are already attracting investment. Of which, Gian Khau is full covered by projects.

How are the established industrial parks running?

By the end of September 2009, Ninh Binh granted 37 licences to investors into the industrial parks at total registered capital of VND26.4 trillion ($1.5 billion). The numbers in the first nine months were nine projects with VND824.8 billion ($48.5 million). Two new comers this year were foreign-invested ones at total registered capital of $32 million.

In the first three quarters of this year, enterprises in the industrial parks reported a total revenue of VND1.4 trillion ($81.88 million), a combined export volume of $14.4 million, doubling the annual planned figure, the industrial production value of VND1.6 trillion ($97.23 million), equal to 71 per cent of planned number and a total contribution to state budget of VND64.4 billion ($3.8 million).

Projects in industrial parks cover diversified industries of garment, footwear, healthcare equipment and automobile spare-parts. Mechanics and chemistry can be considered as focal in our local industrial parks.

It seems that investment inflows into the industrial parks are below expectations, regarding both infrastructure development and production value?

That’s right. With various advantages and favoured conditions, investment inflows into the parks should have been much more positive than it is. Apart from the same incentives for industrial parks around the country, we are offering additional preferences such as assurance of completed site-clearance, on-site supply of water and electricity, 50 per cent discount of advertisement fees on local media within three years, credit guarantee, minimum credit service fees, labor training cost subsidy, and particularly the finest simplification of administrative procedures.

All of investment files have been reported quickly to provincial leaders, who are always willing to consider and approve those clarified to be qualified. Even one-day file process has been reported.

However, the investment into the industrial parks has been much lower than we ever forecast. The economic crisis might have had it in for some potential developers including domestic and foreign ones, who came here two years ago.

In the recent months, there have been positive signs showing that investors are coming back to Ninh Binh’s industrial parks. A Korean-invested company is to be kicked-off very soon after more than a year of delay.

What is the authority’s plan to prosper during the coming economic recovery?

In the last three months of 2009, the management authority will focus on four main missions. It will boost infrastructure development at Khanh Phu, complete the infrastructure at expanded areas of Gian Khau, complete the site-clearance for licenced projects, enhancing infrastructure building at expanded areas of Tam Diep and seeking for developers for Phuc Son and Khanh Cu.

It will push up cement projects of Duyen Ha, Huong Duong, He Duong and Phu Son, complete planned work for the 700-bed hospital and continue investment promotion and business management.

Ninh Binh also plans to launch the VND200 million ($11,764) investment promotion programme by late October this year to make a film, VCD and books as well as project profiles about the province.

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