Attracting large capital flow from enterprises

By TRINH DUNG |

(QNO) - According to Chairman of Quang Nam People’s Committee Dinh Van Thu, the province will create the breakthroughs to attract a large capital flow from enterprises via improving the investment climate, raising the Provincial Competitiveness Index (PCI) and accompanying with the enterprises.

A factory in Quang Nam province
A factory in Quang Nam province

In a recent interview with Quang Nam Newspaper, Chairman Thu remarked on large investment projects in the province such as the expansion of Automotive Mechanical Industry by Truong Hai Co., Spinning-weaving-dyeing Complex of Vietnam National Textile and Garment Group, Tam Thang Weaving-dyeing and Garment under Panko Tam Thang Co., Thang Binh Spinning Mill of Hoa Tho Textile and Garment Join Stock Corporation….Quang Nam creates favourable conditions for the enterprises’ development in the locality. However, if the enterprises including foreign direct investment (FDI) ones do not improve their competitive ability as well as active integration, they can be put out of the game.

Good investment climate or promotion is considered as important tasks for the province’s economic development, employment and high budget revenue. However, the enterprises are facing difficulties in province’s administrative procedure, land clearance, capital mobilization. Hence, Quang Nam province committed to accompany with the enterprises, help to unbind the enterprises’ difficulties and support them by stretching the progress of the projects, meeting enterprises, improving the provincial investment climate including the “inter-connected one door” policy, shortening the procedure duration, land clearance, infrastructure investment, labour training and promotion of investment, trading, tourism, raising PCI. Quang Nam continues to develop industry, service, agricultural value, national center for automotive assembly and manufacture. Only good quality projects are chosen.

By TRINH DUNG