The meeting between the Chairman of the Provincial People's Committee and the Working Group of Investment Promotion and Support

The Working Group is led by Director of the Department of Planning and Investment. Members of the Working Group include Chief of Office of the Provincial People's Committee; Directors of: Department of Finance, Department of Construction, Department of Natural Resources and Environment, Department of Agriculture and Rural Development, Department of Transport, Department of Industry and Trade, Department of Justice; Deputy of Economic Zone Management Board; Deputy of Department of Public Security; Director of the Investment Promotion Center under the Department of Planning and Investment (Secretary of the Working Group).

The obligations of the Working Group is to advise and assist the Chairman of the Provincial People's Committee (PPC) to orient mechanisms, policies and solutions to promote and support investment promotion and attraction; promptly solve difficulties and problems in appraisal, approval and implementation of investment projects in order to create favorable conditions for investors to accelerate the implementation of works and projects in the locality. Also the Working Group shall consult with the Chairman of the PPC to approve the large and important projects or to work on project proposals with different opinions among departments, agencies and localities.

In addition, the Working Group is also responsible for studying mechanisms and policies in accordance with the laws, proposing solutions to attract potential investors in key and important fields and projects of the province, also the Group shall identify difficulties and problems of investors, prepare reports and propose solutions to the PPC’s Chairman in accordance with the legal regulations. The target is to create favorable conditions for investors to accelerate the implementation of projects in the province. In addition, the Group shall regularly check and monitor the progress of handling administrative procedures of relevant agencies for investors; monthly, quarterly, annually, or irregularly make reports and recommend solutions to the PPC’s Chairman when any major problems related to investment activities occur in the area.

Previously, on September 27, 2021, Mr. Nguyen Phi Long – the PPC’s Chairman held a meeting with the Working Group of Investment Promotion and Support. At the meeting, the PPC’s Chairman asked members of the Working Group to promote and support investment attraction in four priority areas: Large-scale heavy industry, high-tech application, information technology, hi-tech agricultural production, animal husbandry and aquaculture, renewable energy, especially wind power, tourism, resort and urban development projects. The PPC’s Chairman asserted that the Working Group was responsible for promoting new projects and supporting the existing projects to put into operation, generating revenue and employment for local people in the province.

Regarding the reform of investment procedures, on September 20, 2021, the PPC’s Chairman of signed a Decision approving the plan to simplify administrative procedures in investment under the authority of the Department of Planning and Investment. Accordingly, at present, the administrative procedure set in the investment field in the province consists of 22 procedures under the management functions of the Department of Planning and Investment, issued together with Decision No. 2391/QD-UBND dated June 16, 2021 of the Chairman of the Provincial People's Committee, of which there are 10 procedures under the approval authority of the Provincial People's Committee with processing time of 32 days (according to the Investment Law and related documents). A reduction of 7 days has been approved and therefore the total time to carry out the procedures goes from 32 days to 25 days from now on.