Administrative reform contributes to attracting investment

According to estimates, in the first 10 months of 2023, total investment attraction in Quang Ninh will reach about 5 billion USD, of which FDI attraction will reach over 3.1 billion USD, attracting domestic investment capital outside the budget will reach about 1 billion USD. 9 billion USD. To achieve that breakthrough result, one of the important reasons is that the province has focused on promoting administrative reform and considered this a throughout goal, a key factor to create an attractive investment environment. guide.

Quang Ninh Province awarded the Investment Registration Certificate to the representative of Foxconn Group after only 12 working hours from the time the investor submitted the application online through the province's Public Service Portal (June 2023).

The province always focuses on reforming administrative procedures in a drastic, synchronous and effective manner to improve and enhance the quality of the business investment environment, ensuring healthy, equal, transparent, attractive and open competition. , favorable. In particular, the province pays special attention to shortening time, simplifying dossier components, and standardizing administrative procedures directly related to investment and business activities of businesses and investors.

In 2019, Foxconn Group officially launched its first investment project in Quang Ninh with the S-Vietnam factory producing liquid crystal display modules and electronic circuit boards, in Dong Mai Industrial Park (Quang Yen TX), Total investment capital is more than 137 million USD. After a period of stabilizing production and business activities, in June 2023, Foxconn continued to invest in 2 more projects in Quang Ninh. Thus, up to now, Foxconn Group has 3 projects in Quang Ninh province with a total registered investment capital of more than 383 million USD, accounting for about 1/10 of Foxconn Group's investment scale in Vietnam. Male.

Notably, both of Foxconn's new projects in Quang Ninh were granted Investment Certificates within just 12 working hours from the time investors submitted online applications through the province's Public Service Portal, shortening the time. up to 14 working days compared to regulations on resolving administrative procedures in the field of investment attraction.

Head of the Provincial Economic Zone Management Board Hoang Trung Kien said: As one of the investors with experience and potential, the research and implementation of 2 new projects has been carried out very professionally by Foxconn Group. , repertoires. During the process of preparing investment registration documents, the Provincial Economic Zone Management Board and relevant departments, branches and localities also accompanied and closely supported investors. After the documents were completed, the issuance of Investment Registration Certificates for the 2 projects was carried out quickly, ensuring compliance with the process and order of resolving administrative procedures and shortening the resolution time to 14 working days. work against regulations. This has created an impression and confidence for Foxconn Group as well as other businesses and investors who have been and will choose Quang Ninh as the location to deploy projects.

Mr. Chau Nghia Van, Deputy General Director in charge of Foxconn Group in Vietnam, shared: After 16 years of development and investment in Vietnam, Quang Ninh is the locality that the Group chooses to deploy product projects. important output. This has been carefully calculated by the Group based on natural, socio-economic conditions and local management and direction capacity, clearly demonstrated through the achievement of 6 consecutive years leading the table. PCI rating. Foxconn also appreciates and appreciates the province's service spirit and work efficiency when completing the investment license approval within just 12 hours. This result will continue to prove that Quang Ninh has been and will be a safe, reliable and attractive destination for investors.

Not only does Foxconn continue to deploy new projects, Quang Ninh also continues to receive the trust of Jinko Solar - the world's largest and most advanced solar panel manufacturing group, trusting and choosing to invest in additional projects. New project at Hai Ha Seaport Industrial Park, raising total investment capital in Quang Ninh to over 2.5 billion USD with 3 projects. The fact that enterprises that already have production and business investment projects continue to expand their operations and invest in new projects is proof of their effectiveness in administrative reform, building a healthy and transparent investment environment. Bach of Quang Ninh...

Thanks to active reforms, the time to resolve administrative procedures in the province is currently cut by 40-60% compared to central regulations. In particular, a number of procedures directly related to investment attraction activities such as policy approval, investment location approval... have been cut by over 70% of time, contributing to saving time and costs. fees for businesses and people. Currently, 100% of eligible administrative procedures at the provincial level (equivalent to 1,367 procedures) have been provided with online public services, of which 908 procedures have been provided with full online public services.

Resolving administrative procedures according to the 5-step process in the electronic environment associated with applying digital signatures in all resolution steps not only helps reduce costs, transaction time, and optimize the process of resolving administrative procedures in the direction Convenient, fast, cutting costs and time for businesses and investors; but also creates openness and transparency in the inspection and supervision mechanism, preventing harassment, negativity, bureaucracy...

Minh Ha