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Quang Ninh paves path for business

Update: April, 03/2015 - 08:19

Employees at a Vimaflour factory pack goods in the northern province of Quang Ninh. — VNA/VNS Photo Danh Lam

QUANG NINH (VNS) — Authorities in the north-eastern Quang Ninh Province will facilitate businesses' operation and quickly resolve their difficulties, Pham Minh Chinh, secretary of the provincial Party Committee, assured attendees at a conference.

Chinh was addressing more than 400 domestic and foreign enterprises participating in a business support conference held in the province on Monday, which focused on businesses' effectiveness and their development.

The province had organised five such conferences since 2014 to evaluate in a timely manner, 284 proposals and respond to questions about access to capital, interest rates, human resource development, trade promotion and temporary imports and re-export, especially in the context of international integration.

Of these, 116 proposals were evaluated and questions were answered at the conferences, while the remaining responses were sent directly to the companies.

Nguyen Van Thanh, vice chairman of the provincial People's Committee, said businesses' operations had seen an improvement.

By the end of last year, the province had 849 newly established businesses, boosting the total to 10,348, with a total registered capital of VND118 trillion (US$5.5 billion).

Its net turnover rose from VND241 trillion ($11.2 billion) in 2013 to VND293.2 trillion ($13.7 billion) in 2014.

The contribution of State-owned enterprises to the province's State budget last year was VND8.2 trillion ($383 million), increasing by 4 per cent; non-governmental contributions were pegged at VND1.3 trillion ($60.7 million), up 10 per cent and foreign direct investment at VND1.22 trillion ($50 million), rising 14 per cent.

Several big and important projects saw construction being commenced and progress in socio-economic development being accelerated.

Thanh said attention had also been paid to land clearance, especially for projects in the Van Don Economic Zone.

The province attracted 21 projects in the first quarter of the year, with a total registered capital of VND11.3 trillion ($528 million), double than that during the same period last year.

The People's Committee had especially reviewed and rearranged collections and fees to reduce impediments for firms, he added.

Representatives from domestic and foreign companies also praised the authorities' efforts.

More than 10 proposals focusing on capital support, petroleum port planning and mechanism for businesses operating casinos, construction licences, tax incentives, land rentals and environment were also discussed at the conference.

Luong Hoang Thai, head of the Ministry of Industry and Trade's Multilateral Trade Policy Department, said management agencies and the province should create favourable conditions for businesses, thus supporting them in taking advantages of opportunities stemming from the ASEAN community. — VNS



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