HƯNG YÊN — Authorities of Hưng Yên will continue to create favourable conditions for enterprises’ production and business activities to ensure high efficiency and sustainable development in business.

Chairman of the People’s Committee of the northern province of Hưng Yên Nguyễn Văn Phóng said this at a meeting held on October 10 between provincial authorities and more than 300 entrepreneurs in Hưng Yên Province on Việt Nam Business Day.

At the meeting, Nguyễn Xuân Dương, chairman of the Hưng Yên Business Association, said enterprises in the province have made important contributions towards improving economic structure and development of the province.

Trần Quốc Văn, director of the Hưng Yên Department of Planning and Investment, said to support and develop the business and improve the business environment, the provincial authorities have directed departments and agencies to regularly review and simplify administrative procedures, reducing time to process these procedures for people and enterprises.

As a result, time was reduced by 50-60 per cent for handling administrative procedures and by 30 per cent for solving administrative procedures in the land and environmental protection areas. Departments and local authorities are continuing to implement programmes on supporting enterprises.

Meanwhile, Phóng highly appreciated efforts of local enterprises in renovating management method and technology, raising the efficiency of operation, obeying regulations, fulfilling financial obligations and actively participating in social security activities.

He said that with regard to the proposals of the business community, Hưng Yên People’s Committee has asked the departments and localities to receive proposals from businesses and come up with solutions to support them. They should hold dialogues to get information and remove difficulties of enterprises, along with proposing policy changes to central State offices.

For enterprises, Phóng said they should speed up the construction of approved projects, use land economically and effectively, and realising commitments on environmental protection.

Enterprises should also enhance further renovation of technology to increase productivity and reduce production costs, he said. 

Investment up

In another development, the northern province of Hưng Yên attracted 182 investment projects in the first nine months of 2017, up 44 per cent year-on-year, according to local authorities.

During the period, registered capital of domestic and foreign projects reached more than VNĐ12 trillion (US$528.12 million) and more than $145 million, respectively.

The province is currently home to 1,619 projects, with total registered capital exceeding $8.44 billion. — VNS