Wave of investment in clean industry

New wave

According to the report of the Economic Zone Management Board of Quang Binh province, in 2015, there were 14 projectsinvestment in economic zones and industrial zones (IPs) in the province with a total registered investment capital of 9,765 billion VND. Of these, 11 projects have carried out procedures for granting investment registration certificates and decided on investment policies with a total registered investment capital of 744 billion VND. 3 other projects are coordinating with relevant agencies to review and verify capacity to issue investment certificates with a total investment capital of nearly 9,021 billion VND.

Hon La Seaport – Khu economy Hon La. Photo: Ngoc Tan

The above impressive numbers show that investment attraction activities in Quang Binh have really changed. The more important thing that the Quang Binh Economic Zone Management Board has done is to create a new wave of investors in line with the orientation of calling for investment to the province. These projects focus on the fields of high-tech industry, real estate, clean energy...

For the clean energy sector, projects that are considered typical include the Pallet and Energy Factory Project (Truong Thanh Company is the investor, in North Dong Hoi Industrial Park), Energy Pellet Factory Project (DOHWA-Korea Group is the investor, in Hon La Seaport Industrial Park)...

In addition to the above projects, economic zones and industrial parks in Quang Binh province have also recorded an unprecedented number of service real estate and logistics real estate projects in recent times. These projects are concentrated mainly in Cha Lo Border Gate Economic Zone and Hon La Economic Zone. These are two key economic zones of the province. At Cha Lo Border Gate Economic Zone, prominent projects here include the Vietnam-Laos Trade Center Project (investor by Anh Phap Viet Company), Bao Hoang Commercial and Service Area Project (Bao Hoang Company is the investor), Cha Lo Trade Center Project (Hung Phat Company is the investor) in Cha Lo Economic Zone... In Hon La Economic Zone, the most prominent is the Bonded Warehouse Project and the oil pipeline system from the Seaport. Hon La to Kham Muon province (Laos) by Petro LBecome an investor with a total investment of about 400 million USD...

The field of tourism services and resorts is also in the new wave of investment, typically the Guangdong Ecotourism Area project in Hon La Economic Zone invested by Truong Thinh Group with a total capital of 500 billion VND.

Not only the clean energy and real estate sectors, wood processing industry projects, construction materials... are also in this new investment wave. Projects not only create jobs for local workers, but more importantly, with the awareness of the new generation of investors, they see creating products from a modern technological process that ensures environmental factors as a way to enhance corporate brand reputation. At the same time,  helps minimize unwanted environmental impacts in the area. Typical among them is the MDF factory construction investment project of LICOGI13 Joint Stock Company in North Dong Hoi Industrial Park, with a total investment of 1,423 billion VND. This is a project implemented with a production line system with the most modern technology in the world today.

Changing investment calling orientation

Mr. Pham Van Nam, Head of the Economic Zone Management Board of Quang Binh province, said: "Currently, people rarely talk about the concept of "rolling out the red carpet." Investment promotion must take into account efficiency, how to make businesses and localities mutually beneficial. That means promoting investment now is not at all costs, but must choose which investor, what capacity, the investment must ensure sustainability, use local labor, be environmentally friendly, transfer technology...".

It can be said that this is not only the personal opinion of the leaders of the Quang Binh Economic Zone Management Board but also the general direction set by the Quang Binh provincial government for the investment promotion work of the province. From that orientation, the Management Board of Quang Binh Economic Zone has made adjustments to call for suitable projects.

According to Mr. Nam, the EZ Management Board always determines that priority projects must first be seriously invested, methodical, sustainable, environmentally friendly, have modern technology, have a satisfactory waste treatment system and especially must have little impact on the local environment. With these projects, when investors carry out implementation, they will be supported and facilitated by the EZ Management Board as well as the Quang Binh provincial government. In order to attract investment in the right direction, during project implementation, the EZ Management Board will closely supervise investors, to ensure businesses comply with their commitments to ensuring the environment and technology. “Appraisal work dAssessing the investor's capacity and appraising the project immediately before licensing will also be focused on by the EZ Management Board," Mr. Nam said.

According to the leaders of the Quang Binh Economic Zone Management Board, in the coming time, the Provincial Economic Zone Management Board will continue to strengthen domestic and foreign investment promotion activities, approach and build relationships with capable investors, to call for investment in the province's economic zones and industrial parks.

Mr. Nam shared: "The most important thing in investment promotion today is to promote the potential, how to make the image of Quang Binh and the province's potential known to domestic and foreign investors. Second, is to reform administrative procedures, how to make them clear, quick, and complete for investors. This is also the core of the concept of "rolling out the red carpet". The province is also directing and the Board is also focusing on implementing these things well."