Hanoi will establish more industrial zones and clusters to facilitate foreign investment attraction

DNHN - Recently, Vice Chairman of the City People's Committee Nguyen Manh Quyen led and collaborated with the Ministry of Planning and Investment (MPI) to increase the effectiveness of investment promotion, capital attraction, and capital management

According to a report by the City Department of Planning and Investment, Hanoi's FDI attraction has reached approximately US$69,844 million (second in the country), and 7,099 new projects with a total registered capital are still valid. signed is 28,459 million US dollars; 2,004 projects increased capital with additionally registered capital reaching 11,550 million US dollars; 5,017 instances of capital contribution and share purchase with the value of contributed capital reaching 21,836 million US dollars.

Real estate is the sector that attracts the most capital (63%) followed by goods trading services (9%), construction (5%), and science and technology (5%). As the economy began to recover in 2023, FDI increased dramatically. During the first four months of the year, the city's FDI attraction reached 1.82 billion USD, an increase of 260% compared to the same period the previous year.

The attraction of foreign investment capital and the operation of the foreign-invested economic sector achieved still-encouraging results despite challenges posed by the COVID-19 epidemic and the state of the global economy. Specifically, attracting USD 1.77 billion in 2022, ranking sixth in the country; ranking first in the country with USD 1.82 billion in the first four months of 2023. This demonstrates that foreign investors have a great deal of confidence in Hanoi's investment environment. Contributing to the acceleration of the economic recovery, numerous projects in the fields of health, education, electricity, processing, and manufacturing, among others, have received new or increased capital with a capital contribution of at least USD 1 million. Capital.

In addition to the aforementioned positive contributions, the attraction and use of FDI capital continue to have deficiencies and inadequacies, resulting in a decline in the attraction results over the past two years compared to the period 2018-2020. Some regulations are inconsistent between the Law on Investment and the specialized law; the investment preparation and project implementation procedures take a long time to complete; the technical infrastructure is not synchronized, the land fund is limited, and land rent is high compared to neighboring localities; Some regulations overlap and are inconsistent with the Law on Investment...

The meeting was held in Ho Chi Minh City to improve state management of investment in general and foreign investment in particular. Hanoi suggests, in the case of "underground" investment, "hiding" investment, that the Ministry of Planning and Investment and the Ministry of Public Security provide specific guidance on indicators of "underground" investment behavior; provide specific guidance on a list of sensitive industries and investment targets not specified in Vietnam's WTO commitments; and ensure that investment licenses are by legal regulations. , defense, diplomatic sensitivity avoidance, and international partnerships.

In the spirit of promoting land use rights, the Ministry of Planning and Investment is tasked with analyzing and proposing to the Government that specialized ministries provide specific guidance on legal contents that are still anti-crossing for projects that utilize the land. Define responsibilities between the Government and ministries and branches, Government, ministries and branches, and local authorities.

The Ministry is tasked with providing clear guidance on the conditions for job transition, in particular for projects utilizing land that were licensed before the time of the administrative boundary merger (in 2008) and must now change their planning. identifying and acknowledging project investors.

At the meeting, representatives of the city's departments and branches presented difficulties in implementing large projects and proposed seeking advice on how to solve them; presented the investment promotion situation in the past, as well as the plan direction for 2023 and 2025.

Vice Chairman of the City People's Committee Nguyen Manh Quyen stated at the meeting that Hanoi will establish additional industrial zones and clusters to create favorable conditions for attracting foreign investment. In addition to focusing on site clearance and accelerating the completion of the infrastructure system in a synchronized and contemporary manner, the city will also prioritize site preparation.

In addition, the City will direct functional agencies to improve the quality of investment promotion activities, with an emphasis on direct promotion and on-site promotion; proactively select projects suited to the Capital's potential and strengths....

In addition, the City will intensify the review to encourage investors to fully implement the investment license's specified commitments.

Vice Chairman of the City People's Committee Nguyen Manh Quyen recommended that the Ministry of Planning and Investment strengthen information exchange, and continue to support and cooperate effectively with Hanoi to improve the capital's ability to attract foreign investment.

T.N