Changing Mindset to Attract Investors

(News Portal – Dong Nai) - On the afternoon of October 23, Secretary of the Provincial Party Committee Nguyen Hong Linh held a meeting with the CPV Designated ​Representation of the Provincial People's Committee (BCSĐ) to discuss tasks for 2024 and the goals from now until the end of the 2025 term.

Secretary of the Provincial Party Committee Nguyen Hong Linh chaired the session. 

Building on the results achieved and the future direction, the BCSĐ continues to innovate leadership thinking, focusing on practical implementation and adhering to the guidance of the Provincial Party Committee. The focus will be on being dynamic, creative, and resolute, selecting the correct priorities and key points in leadership and direction, concentrating strong enough resources, and organizing effective implementation.  

Significant Achievements
According to the BCSĐ's report, several 2024 targets set by the Provincial Party Committee and the Provincial People's Council are expected to be exceeded. Specifically, 12 targets are projected to surpass the goals, including 4 economic indicators: economic growth rate (GRDP), per capita GRDP, export turnover, and total social investment capital. One environmental indicator, the household-level classification and treatment of solid waste at its source, is also expected to be met. Additionally, six social welfare targets have been achieved: communes meeting new rural standards, model new rural communes, the proportion of communes, wards, and townships with health stations qualified to provide health insurance services, the proportion of people undergoing drug rehabilitation in treatment centers, voluntary drug rehabilitation, and the proportion of urban residents with access to clean water. One cultural and educational indicator on vocational education enrollment from intermediate vocational training and above has also been met. The remaining targets are on track to meet the resolutions.

Total state budget revenue in the province reached over VND 43.3 trillion, achieving 79% of the Ministry of Finance's estimate, 77% of the Provincial People's Council's estimate, and increased by 10% compared to the same period last year. Total local budget expenditure was more than VND 16.8 trillion, meeting 58% of the year's initial estimate, 50% of the adjusted estimate, and increased by 33% compared to the same period last year.

Chairman of the Provincial People's Committee Vo Tan Duc stated that while some significant achievements have been made since the start of the term, the BCSĐ is not fully satisfied, as the results have not fully matched the province's potential and advantages. Some challenges have emerged during implementation, such as disbursing public investment capital. Although disbursement has increased compared to last year, it remains slow compared to the plan. As of October 15, 2024, development investment spending reached over 51%, higher than the same period last year. Early in the year, the province signed performance agreements with investors and related entities, but nine entities have yet to disburse any funds. Compared to other provinces in the region, Dong Nai's disbursement rate is slightly higher. To meet the disbursement goals from now until the end of the year, the focus will be on major projects, particularly land clearance and compensation for priority projects.

Investment in new projects, both domestic and foreign, has increased compared to the same period last year, but project scale remains relatively small, with no high-tech projects. The available industrial land for attracting investment is limited. The general planning and zoning planning have been initiated but progressed slowly, hindering investment attraction. Compensation and land clearance, despite the province's prioritization, remain sluggish for key national projects. Planning management is still lacking, and land auction capabilities fell short of expectations.

Improving the investment environment and addressing existing difficulties and bottlenecks has been challenging due to delays in issuing procedural regulations. Administrative reform across departments and localities needs improvement to avoid extended delays in project implementation. 

The Bien Hoa – Vung Tau Expressway under construction 

Creating a Favorable Environment to Attract Investors  

Outlining solutions and tasks for the upcoming period, Chairman Vo Tan Duc emphasized that the BCSĐ will incorporate feedback from the Provincial Party Committee to focus efforts. The first priority is completing the master plan and zoning plans, particularly those related to Long Thanh International Airport and projects along the Dong Nai River, which are vital for the province's future development. The second priority is to accelerate the development of infrastructure in seven industrial parks that have been incorporated into the planning. The aim is to fast-track planning and implementation for these industrial zones.

The committee also aims to quickly finalize the establishment of the Provincial Land Fund Development Center. In addition, the BCSĐ will draft a resolution on price differences for resettlement land. Based on this, the Provincial People's Committee will develop a plan for resettlement infrastructure from 2025 to 2030 to meet the province's resettlement needs. Some breakthrough tasks in Dong Nai's 2020-2025 term have not yet achieved their targets due to various reasons. The BCSĐ will conduct a comprehensive review and continue to implement these tasks in the coming period.
Agreeing with the tasks and solutions laid out by the BCSĐ, Secretary Nguyen Hong Linh stressed the importance of culture, sports, and creativity. He also emphasized the need for stronger and deeper connections between the government and businesses. Additionally, planning is crucial for attracting investment and economic development. The better and faster the planning, the quicker the province can attract investment.

According to Secretary Linh, investors should not be left waiting. The province must regularly communicate with them, considering these partners as candidates for future development. Keeping them informed and engaged will ensure they remain interested in Dong Nai's planning. As the province becomes more attractive, more investors will come, and the budget will increase. Simultaneously, the BCSĐ must address delayed projects and continue to resolve difficulties for ongoing projects.

Secretary Linh further urged for an increase in public investment disbursement capacity, advocating for swift and decisive action to increase the scale of investment. The biggest obstacle in Dong Nai's public investment disbursement is land clearance and resettlement. This process must be standardized, and once all procedures and policies are in place, the province should not hesitate to enforce compliance.

For investment units that have not yet disbursed any funds, a thorough analysis of the reasons is required. Some delays may be due to the responsibility and subjectivity of the investors themselves. Efforts must be made to enhance capital absorption capacity and accelerate investment, especially in infrastructure development. From now until the end of the year, the province must actively and definitively complete some land clearance and public investment disbursement tasks. By December 30, 2024, the remaining undisbursed amounts from each investor must be reported to the Provincial Party Standing Committee for review, and underperforming investors may see a reduction in their performance ratings. ​