Continue to develop solutions to improve investment environment

Standing Vice Chairman of Long An Provincial People's Council – Mai Van Nhieu and the delegation of Standing Provincial People's Council supervise Department of Planning and Investment

According to the report of Department of Planning and Investment, in order to improve the investment environment and attract investment, over the past time, the unit has synchronously implemented solutions in propaganda, administrative reform, improve competitiveness as well as advise, review, supplement and adjust master plans directly related to investment promotion and investment environment improvement.

Acting Director of Department of Planning and Investment - Truong Van Liep informs about some results in improving the investment environment

Since 2021, there are 15,910 enterprises operating in the province with a total registered capital of 361,179 billion VND. In which, there are 1,171 foreign investment projects with registered capital of 10,124.6 million USD, and 588 projects are in operation. In 2022, the Department coordinated with relevant agencies to successfully organize 3 delegations to strategic countries such as Australia, Japan, and South Korea to introduce and attract investment. Since then, many large corporations in the world such as Coca Cola, Lotte, STS, etc have signed many memorandums of understanding on cooperation in investment and development of projects in the province.

Delegates raise a number of contents related to the improvement of investment environment

With many solutions to improve competitiveness and attract investment, in 2022, the province's PCI had a remarkable improvement, reaching 68.45 points, ranking 10th out of 63 provinces and cities nationwide. Currently, the Department is in charge of coordinating with units to deploy a set of departmental, sectoral and local competitiveness indicators (DDCI) to improve the province's business, investment environment in a synchronous and sustainable manner and the PCI index at provincial level.

However, there are a number of limitations in attracting investment at present, such as limited access to, and connection to, investment attraction for large foreign projects; no mechanisms and policies to attract investment especially for key projects. Although currently, administrative procedures have been significantly improved, but there are still some procedures that have not created the most favorable conditions for investors and businesses. In addition, the current investment promotion apparatus is not commensurate with the requirements of strategic investment promotion.

Standing Vice Chairman of Provincial People's Council – Mai Van Nhieu speaks at the monitoring

Speaking at the monitoring, Standing Vice Chairman of Provincial People's Council – Mai Van Nhieu acknowledged and highly appreciated the efforts of Department of Planning and Investment in implementing solutions to improve the investment environment and attract investment in the province.

He suggested that the Department should continue to do well advising the Provincial People's Committee in improving the investment environment; focus on improving the PCI index, especially the low scores, building solutions to simplify the receipt and settlement of administrative procedures related to investment as well as supporting businesses when researching investment environment in the province./.

By Kien Dinh - Translated by Q. Thien

Source: https://baolongan.vn/can-tiep-tuc-xay-dung-cac-giai-phap-cai-thien-moi-truong-dau-tu-a157302.html