Survey targets industrial investors

Workers of the Nidec Co operate lathes in HCM City's high-tech park. A survey will assess the impact of foreign investment on industrial development. — VNA/VNS Photo Van Khanh

HA NOI — The Viet Nam Industrial Investor Survey 2010 was officially launched yesterday by the Ministry of Planning and Investment's Foreign Investment Agency (FIA) and the UN Industrial Development Organisation (UNIDO).

The survey, which will be conducted from October 25, 2010 to January 15, 2011, is expected to provide policy-makers with data for assessing the impact of the foreign-invested sector on Viet Nam's economic development by looking specifcally at the impact of foreign investment on the development of domestic enterprises.

The survey will analyse the performance of these enterprises and their assessment of the local business climate and also help enhance the investment capacity of the national institutions.

It will be conducted in nine cities and provinces where the majority of domestic and foreign-invested enterprises are based.

Over 1,640 manufacturing, processing and construction firms - 60 per cent of which are foreign-invested - will be selected randomly from a total of 6,830 firms across Ha Noi, Vinh Phuc, Bac Ninh HCM City, Hai Phong, Da Nang, Binh Duong, Dong Nai and Ba Ria - Vung Tau.

The survey's findings will be consolidated on the web-based interactive Viet Nam Investment Monitoring Platform that enables authorities and enterprises to make enquiries to better understand the domestic investment environment.

FIA director Do Nhat Hoang invited all enterprises to participate in the survey, saying that it would create a chance for participants to get free access to business partners, suppliers and potential customers who have taken part in the UNIDO international network of investment and technological promotion offices.

With UNIDO's technical and financial supports, the survey is expected to be conducted every two years.

In addition to the Investment Monitoring Platform, FIA is joining hands with UNIDO and the Viet Nam Chamber of Commerce and Industry to develop the Supplier and Partnership Exchange (SPX), which is intended to strengthen the linkages between foreign and domestic enterprises in sectors such as metal processing, plastics and footwear.

The survey's data and the SPX will be integrated to support domestic firms in promoting investment and linking them with foreign-invested and large-scale enterprises, said Nilguen Tas, a UNIDO representative in Viet Nam. — VNS

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Province cuts red tape for investors

Photo: Reuters

Binh Duong province has made every effort to improve its infrastructure and administrative formalities so as to attract more foreign investors, said chairman of the provincial People's Committee, Nguyen Hoang Son.

The province had also taken advantage of its geography and offered incentives to lure foreign invested projects.

The province attracted more than 846 foreign invested projects with registered capital reaching US$7.3 billion between 2005 and 2010, bringing the total number of projects in the province to date to 1,966 capitalised at $13.5 billion, said Son.

Investors include Korean tyre manufacturer Kumho Asian Group, with a total investment capital of $360 million and Thailand 's Siam Cement Group, which specialises in producing packages, with a total investment capital of $140 million. Malaysian property developer SP Setia Berhad Group invested $620 million in the My Phuoc eco-urban project and a $60 million beverage factory was financed by Japan 's Kirin Acecook Vietnam .

The strong attraction for foreign invested projects was a positive sign, as it made a very important contribution to the province's economic development and generated high industrial value, said director of the Department of Planning and Development Huynh Van Trai.

Local authorities have worked with vocational schools to train skilled workers to meet the greater labour demands that come with more foreign invested projects.

Paik In Ki, chairman of the Republic of Korea ’s Financial Investment Association in Binh Duong, said foreign investos were pleased to invest in the province as they could see good infrastructure and good support from local authorities which helped investors to be successful. His company would continue to act as a bridge to provide other Korean businesses with a deep understanding of the province's investment climate and raise their investment in the province.

Binh Duong has developed 28 industrial parks covering 8,751ha.

Prominent projects in the province include the VND3.5 trillion (US$179.5 million) My Phuoc-Tan Van road, which is currently under construction. The road will be a major transportation route to international airports and seaports.

Kang Myong Jun, diretor of DJV Ltd Co, Automotive Manufacturing & Wholesales-Parts, Automotive Repair & Service, said apart from good infrastructure, other facilities such as accommodation and urban areas were also important for luring foreign investors.

 

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Province cuts red tape for investors

Binh Duong province has made every effort to improve its infrastructure
and administrative formalities so as to attract more foreign investors,
said chairman of the provincial People's Committee, Nguyen Hoang Son.

The province had also taken advantage of its geography and offered incentives to lure foreign invested projects.

The province attracted more than 846 foreign invested projects with
registered capital reaching 7.3 billion USD between 2005 and 2010,
bringing the total number of projects in the province to date to 1,966
capitalised at 13.5 billion USD, said Son.

Investors
include Korean tyre manufacturer Kumho Asian Group, with a total
investment capital of 360 million USD and Thailand 's Siam Cement
Group, which specialises in producing packages, with a total investment
capital of 140 million USD. Malaysian property developer SP Setia Berhad
Group invested 620 million USD in the My Phuoc eco-urban project and a
60 million USD beverage factory was financed by Japan 's Kirin Acecook
Vietnam .

The strong attraction for foreign
invested projects was a positive sign, as it made a very important
contribution to the province's economic development and generated high
industrial value, said director of the Department of Planning and
Development Huynh Van Trai.

Local authorities have
worked with vocational schools to train skilled workers to meet the
greater labour demands that come with more foreign invested projects.

Paik In Ki, chairman of the Republic of Korea ’s
Financial Investment Association in Binh Duong, said foreign investos
were pleased to invest in the province as they could see good
infrastructure and good support from local authorities which helped
investors to be successful. His company would continue to act as a
bridge to provide other Korean businesses with a deep understanding of
the province's investment climate and raise their investment in the
province.

Binh Duong has developed 28 industrial parks covering 8,751ha.

Prominent projects in the province include the 3.5 trillion VND (179.5
million USD) My Phuoc-Tan Van road, which is currently under
construction. The road will be a major transportation route to
international airports and seaports.

Kang Myong Jun,
diretor of DJV Ltd Co, Automotive Manufacturing & Wholesales-Parts,
Automotive Repair & Service, said apart from good infrastructure,
other facilities such as accommodation and urban areas were also
important for luring foreign investors./.

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• Province cuts red tape for investors
• Party reports come in from provinces
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