Binh Thuan to create a transparent investment environment for businesses and investors

28/10/2022, 09:42

BTO – In recent years, thanks to the development and growth of Binh Thuan enterprises and the results of administrative reform, a transparent investment environment has been initially created for businesses, showing consistency and synchronization.

The procedure for establishing a business is streamlined, enterprises’s complaints are less, and the time for business registration, certificate, and procedures has been shortened.

dn.jpg

Create a favorable investment environment for businesses. 

Enterprises’ Investment environment has become more favorable

It is clear that, in a short time, the province has successfully arranged two investment promotion conferences, and has attracted a number of large-scale projects registered to invest. The investment promotion and improving the investment environment are of particular interest to Binh Thuan, creating favorable conditions to attract non-budget capital sources. By the end of 2020, the province has nearly 4,500 operating enterprises with production and business results and tax declaration, an increase of 20 times compared to 1995, an average increase of 12.82%/year.

To get investors' attraction, the Provincial People's Committee has focused on directing administrative reform, promptly correcting limitations, and creating an open mechanism for investors and businesses, especially the land access mechanism. Besides, the Departments of Planning and Investment, Construction, Natural Resources - Environment, Transport - Transport, and Tax Department, etc., are publicizing the process and progress of investment projects according to its authority. Whenever businesses have questions, emails, they will be accepted and promptly responded to. Following the implementation of Enterprise Law, Tax Law, Land Law, etc. The Provincial People's Committee through organizing investment promotion conferences and business meetings to grasp investment needs. Based on this, a number of policies are issued to remove obstacles for businesses to create favorable conditions for investors.

Besides, the province also focuses on solving enterprises' difficulties in such fields as compensation and clearance, resettlement, construction planning, land allocation, land lease, business registration, etc. All are considered a breakthrough to improve the business investment environment, creating favorable conditions for businesses to learn about mechanisms and policies related to natural resources and environmental activities. All the activities aim to attract investment, and especially to understand the difficulties and obstacles of enterprises on the way of producing, trading, and implementing projects in the locality. Additionally, the Department of Natural Resources and Environment has organized monthly business meetings to listen to the difficulties and problems of enterprises in all related areas.

Continue to improve the investment environment

The first solution is to quickly improve the investment environment to create conditions to attract capital sources for development investment. It also focuses on prioritizing attraction of foreign investors' capital in projects to develop tourism industries and services, associate production investment with the expansion of domestic and export markets, and create breakthroughs in these fields. High-class services and mutual impact to increase investment efficiency make the investment environment in the province more attractive, with increasing regional competition. To achieve that goal, it is required to constinuously carry out administrative reform, and fundamentally change the relationship between the government and businesses in the direction of accompanying businesses.

Solving problems for businesses and fighting against business corruption to minimize issues, and against commercial fraud for a healthy investment environment are indispensable. In addition, it is necessary to proactively organize investment promotion campaigns abroad, create a list for inviting investment via the Internet, support compensation and site clearance costs, and organize clearance for investors. Moreover, the authorities are asked to quickly provide information to investors about the location, status of the land, and information on industry development so as to reduce investment costs.

From the beginning of 2022, in order to improve the business investment environment, support business development, and create favorable conditions to attract investment, the Provincial People's Committee has directed and requested directors of departments, branches, and owners. Chairpersons of People's Committees of districts, towns, and cities must spend at least 1 session a month working directly with investors and businesses encountering difficulties. In the future, it is necessary to improve the investment environment and speed up the resolution and difficulties and issue-solving of enterprises. The Chairman of the Provincial People's Committee requested the departments, agencies, and the People's Committees of districts, towns, and cities according to their assigned functions, tasks, powers, and domains to strengthen dialogue and work directly with enterprises and investors monthly, listen to their difficulties and problems in order to promptly handle and resolve them.

At the same time, the provincial authorities should actively apprehend and listen to comments and exchanges of businesses and investors about the investment environment, mechanisms, and policies in need of being removed. Thereby, we could create favorable conditions for businesses, and investors to lure as many as investments to the province.

As for contents or recommendations beyond the competence, the departments, agencies, branches, and localities shall report, advise, and propose to the Provincial People's Committee to consider and settle according to their competence.

TRANSLATED BY UYEN LINH

According to Bao Binh Thuan
Copy Link
Related articles
Geographical Indication: An opening for Binh Thuan dragon fruit producers
BTO - Binh Thuan has the largest area of ​​dragon fruit in Vietnam with about 30,000 hectares; of which over 9,000 hectares of dragon fruit are met the VietGAP standards, and about 500 hectares are qualified GlobalGAP standards, and eligible to penetrate fastidious markets. The local dragon fruits are granted a geographical indication by the competent authority.

(0) Comments
Focus
Red Devils Hold Off Blue Tide in Manchester Derby Stalemate
BTO-On the night of April 6, a classic Manchester derby unfolded at Old Trafford in Matchweek 31 of the Premier League, where Manchester United and Manchester City clashed in a high-stakes encounter. Despite having little left to fight for in the domestic league, the Red Devils showed pride and determination in front of their home crowd, grinding out a hard-earned 0-0 draw against a much stronger City side.
Do not miss
  • Surrendering the Title
    one month ago Sports
    BTO- The highlight of Premier League Matchweek 28 was the showdown between Manchester United and Arsenal at Old Trafford. Arsenal desperately needed a victory to keep up with Liverpool, but they could only manage a draw, while the league...
  • Even Djokovic Can’t Defy Time
    one month ago Sports
    BTO-Novak Djokovic has just suffered a defeat against Botic Van De Zandschulp in the second round of  Indian Wells 2025, marking the first time in seven years that he has lost three consecutive matches. At 37 years old, Djokovic is...
  • Binh Thuan Province to cooperate with Sun Group to unlock its Tourism Strengths
    BTO – On early March, the Standing Committee of the Provincial Party Committee and the People's Committee of Binh Thuan Province held a meeting with Sun Group regarding investment cooperation.
  • The King Has Fallen: Man Utd Crash Out of FA Cup
    one month ago Sports
    Recently, Manchester United’s FA Cup title defense came to a crushing end as Fulham stunned the Red Devils in a dramatic penalty shootout to secure their place in the quarterfinals. Heading into the fifth-round clash at Old Trafford,...
  • Sunset Slope: Phan Thiet’s Hidden Gem for Breathtaking Views
    one month ago LANDSCAPES
    BTO – Still in the heat of the first two lunar months, Sunset Slope on Co Mountain has become a renowned sunset-watching spot in Phan Thiet. Located in Phu Hai Ward, this stunning location offers breathtaking views of the mountains...
  • Victory Seals the Throne
    one month ago Sports
    BTO-After suffering a loss in the first leg at home last week, Manchester City finds itself in a tough spot in its quest for a spot in the Champions League Round of 16 against Real Madrid. This defeat marked their first loss to Madrid...
  • Tough game Alonso!
    one month ago Sports
    BTO-The Round 22 Bundesliga showdown between Bayer Leverkusen and Bayern Munich was one of the most anticipated of the season. On one side, there were the defending champions, and on the other, the league leaders. Bayern entered the...
  • Back to the Top for Barcelona
    one month ago Sports
    BTO-Before taking on Rayo Vallecano, Barcelona had the chance to claim the top spot in La Liga after both Real Madrid and Atletico Madrid were held to 1-1 draws in Round 24 (Real drew with Osasuna, Atletico drew with Celta Vigo). The...
  • Bayern Munich's Roar
    one month ago Sports
    Bayern Munich were strong favorites against Celtic in their Champions League play-off. Despite being the away team, Vincent Kompany's side comfortably won 2-1, securing an advantage for the return leg at Allianz Arena.
  • Binh Thuan: 7 OCOP 4-star products recognized and re-recognized
    2 month ago Business
    BTO – Binh Thuan provincial People's Committee has lately approved the evaluation results and issued certificates for 7 products in the first and second batches of 2024 for OCOP 4-star products.
  • Binh Thuan’s dragon fruit on display at an exhibition in Germany
    2 month ago Business
    BTO- Binh Thuan dragon fruit will be present at the Fruit Logistica Berlin fruit and vegetable exhibition took place in Germany from February 5 to 7, 2025.
  • Red and Blue: Manchester’s Double Disaster
    2 month ago Sports
    BTO-Recently, the two “powerful” football teams from the country of Man UTD and Man City both endured heavy defeats. MU lost at home to Crystal Palace with a score of 0-2. Meanwhile, Man City was hammered 5-1 by Arsenal on their ground....
  • Binh Thuan welcomed around 220,000 visitors during the Tet holiday
    2 month ago Travel
    BTO-According to the Department of Culture, Sports, and Tourism of Binh Thuan, the province received approximately 220,000 visitors during the 9-day Lunar New Year holiday, marking a 10% increase compared to last year’s traditional...
  • A New Rising Star
    2 month ago Sports
    BTO-Joao Fonseca, a tennis player ranked 145th in the ATP standings, has caused a stir in the global tennis community after winning the 2024 Next Gen ATP Finals with the lowest ranking among the players in the tournament. With a mature,...
  • The Fall of the Giants
    3 month ago Sports
    BTO-Both "giants" Liverpool and Arsenal recently played their Carabao Cup semi-final first-leg matches. While Liverpool faced Tottenham, Arsenal hosted Newcastle. Both teams suffered defeats—Liverpool lost 0-1 to Tottenham, and Arsenal...
  • A Precious Point at Anfield
    3 month ago Sports
    On the last day of 2024, Manchester United suffered a 0-2 defeat against Newcastle at "The Theater of Dreams," Old Trafford. This was their fourth consecutive loss in the Premier League. The "curse" seemed far from over for Man Utd...
  • Lionel Messi Honored with the Presidential Medal of Freedom
    3 month ago Sports
    BTO-In the early days of 2025, Lionel Messi received a prestigious honor when U.S. President Joe Biden awarded him the Presidential Medal of Freedom. This civilian award, the highest in the United States, might have been a surprise,...
  • Time to back “home” Amorim!
    3 month ago Sports
    BTO-Under Ruben Amorim, Sporting Lisbon achieved a perfect start in the Portuguese Primeira Liga, winning their first 12 matches and holding the top spot for over four months. However, after Amorim left Lisbon, both he and his former...
  • Thank You, Xuan Son!
    3 month ago Sports
    Two days have passed since the Vietnamese national football team clinched the ASEAN Cup title after defeating Thailand in both legs of the final. The victory’s echo still resonates in the hearts of every Vietnamese. Amid the joy of...
  • La Ngau People Venture into Tourism
    3 month ago Travel
    BTO - Recently, Tanh Linh has been in the rainy season; however, community-based rural tourism spots in La Ngau commune still attract visitors, especially on weekends, thanks to the rain's variability.
POWERED BY ONECMS - A PRODUCT OF NEKO
Binh Thuan to create a transparent investment environment for businesses and investors