The management board of the provincial IEZs granted investment licences to 11 projects capitalized at about US$97.9 million (VND2,184 billion) during the first 10 months of this year. It is expected to licence four more projects worth US$291 million (VND6,500 billion) in the last two months of this year.
The board has also checked projects whose development has stalled in order to devise proper solutions to accelerate the implementation process, and revoke licences of investors incapable of carrying out the projects. Licences of 24 projects have been withdrawn so far this year.
Chan May-Lang Co Economic Zone alone lured more than US$1.79 billion (nearly VND40,000 billion) investment in 43 projects. Its management board expects to draw around US$224 million (VND5,000 billion) for 18 new projects in industry, tourism, industrial zone infrastructure, non-tariff area and urban area.
To facilitate investment attraction the board has created the optimum environment, with guides to carry out procedures and clear pathways for investors to complete the projects on schedule. For large-scale projects, it set up working groups to coordinate with investors, Phu Loc district People’s Committee, and other relevant agencies to resolve all issues arising during the land clearance process.