Domestic investment up over 37 percent in Hai Duong
The northern province of Hai Duong secured more than 14 trillion VND (606.9 million USD) in domestic investment in 2020, a year-on-year rise of 37.2 percent, according to the provincial Department of Planning and Investment.
A garment factory in the Lai Vu Industrial Park of Hai Duong province (Photo: VNA)
Hai Duong (VNA) - The northern province of Hai Duong secured more than14 trillion VND (606.9 million USD)in domestic investment in 2020, a year-on-year rise of 37.2 percent, accordingto the provincial Department of Planning and Investment.
The provincial People’s Committee granted approval to 285 investment projectslast year, including 190 new projects and 95 others adding to existing capital.There were only 142 newly-registered projects and 71 projects adding capital in2019.
Le Xuan Hien from the department said the province has enhanced its managementand supervision over public, domestic, and foreign projects, while quickly removingbottlenecks for investors in key projects.
He described local efforts to improve administrative procedures as an importantfactor in attracting investment, adding that the province sharpened its focuson simplifying procedures regarding business registration and investment inspection.
In 2021, the province will outline regulations on domestic and foreign investment attraction thisyear and continue to prioritise the development of public-private partnership (PPP)projects.
Along with handling challenges relating to land, construction, and environmentalprocedures, it will also promote regional cooperation to step up the building ofregional facilities.
Hai Duong has improved its investment climate over recent years. It moved up eightplaces in 2019 to 47th in the Provincial Competitiveness Index(PCI), with 63.85 points. Six indices werehigher than in 2018, such as market participation, access to land, transparency,support services for businesses, and human resources training.
During 2020-2025, the province targets improving its business environmentfurther, attracting large enterprises and supporting small-and medium-sizedenterprises (SMEs) and start-ups.
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A garment factory in the Lai Vu Industrial Park of Hai Duong province (Photo: VNA) 
