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Socializing resources, Diversifying investment forms: Lever to promote economic growth

09:17 15/04/2020

In the period of 2016 - 2020, the average GRDP of Thai Binh is estimated to increase by 10.13%, exceeding 1.53% of the target set by the 19th Provincial Party Congress, 1.5 times higher than the increase level of the period of 2011 - 2015.

In the period of 2016 - 2020, the average GRDP of Thai Binh is estimated to increase by 10.13%, exceeding 1.53% of the target set by the 19th Provincial Party Congress, 1.5 times higher than the increase level of the period of 2011 - 2015. One of the important causes contributing to the success is that the province has directed and successfully implemented the policy of socialization (XHH) of resources, diversification of investment forms, maximum attraction of resources in the business community and population, thereby creating lever to promote economic growth.

Leaders and delegates cut ribbon to inaugurate Ly Nam De Primary School (Hong Minh commune, Hung Ha district) - the works was built from the capital resource of socialization.

Many projects and works are formed

Thai Binh Economic Zone has been approved by the Prime Minister for the general planning until 2040, vision to 2050 with a total natural area of ​​30,583 ha in 30 communes and 1 town of two districts of Thai Thuy and Tien Hai and coastal contiguous part. The planning product of Thai Binh Economic Zone has been sponsored by IDICO Corporation without any attached condition. This is an important premise, a legal basis for the province to continue implementing the sub-division planning, detailed planning of functional areas and investment projects in the Economic zone, thereby exploiting at the maximum the advantages in connecting with neighboring localities, bringing Thai Binh to develop steadily. Not only calling upon the groups and enterprises to sponsor the general planning, but up to now, the provincial People’s Committee has also approved the policy of sponsoring sub-division planning products of 22 functional areas in the Economic Zone, including 18 industrial parks, 2 urban and tourist areas, 1 port area and 1 aquaculture area.

Transport is also one of the fields that the province has mobilized a lot of socialized capital resources over the past time. In order to solve the need of synchronous construction investment of transport infrastructure in the province while the state budget is still limited, Thai Binh has actively mobilized resources and implemented under the form of public - private partnership (PPP), thereby reducing the burden of public investment, contributing to creating the infrastructure with synchronous and modern structure throughout the province, serving socio-economic development of the locality. In the period of 2016 - 2020, in the area of the province, there are 12 investment projects implemented under PPP form with a total investment of nearly VND 17,000 billion; in which, state capital accounts for 60%, equity of investors and capital mobilized by investors account for 40%.

In the field of agriculture and rural area, in order to cover the clean water network, Thai Binh has made a breakthrough by implementing the socialization policy to mobilize all resources, especially the investment capital resources of enterprises and contra capital of people using clean water in investing in rural clean water supply works. Therefore, after only 4 years of implementation, by the end of 2016, the clean water supply pipeline system of 57 projects which were newly invested, upgraded, expanded, transferred from the capital resources of national target program and capital resources of the World Bank in the province was covered and able to supply clean water to the communes. Up to now, the investment projects have basically been completed, capable of supplying clean water for 100% of population in the rural area of the province, the rate of using clean water in rural areas of the whole province reaches 98%, contributing to the improvement of health, life for rural people and contributing to the effective implementation of the new rural construction program of the province.

In addition, in the province there are many works and projects in the fields such as industry, waste, health, physical exercises and sports, tourism... that have been completed from the policy of socialization, making an important contribution to creating a new face and promoting socio-economic development in the area.

Actively attracting investment

It is no contingent that domestic and foreign groups, enterprises and investors actively invest in projects in the province. Many conferences to promote investment in the province, to meet and solve difficulties for enterprises, to meet enterprises that are children of Thai Binh were held not only in the province but also conducted outside the province with participation of the provincial leaders have added confidence in the spirit of actually seeking for perfection and guideline of inviting, creating a favorable environment for all investors who are children of Thai Binh homeland in particular, enterprises, domestic and foreign investors in general of the province; at the same time, actively remove actually the difficulties for enterprises, thereby helping enterprises maintain stable operation and sustainable growth. Most recently, in the morning of 19/3, under the chairmanship of Mr. Nguyen Hong Dien, Member of the Party Central Committee, Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Council, the Standing Committee of the Provincial Party Committee held a meeting to remove difficulties for production, business, ensure social security in the complicated situation of Covid-19 epidemic, in which the Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Council emphasized to remove difficulties in all 3 areas of agriculture, industry, trade and service; urgently remove bottlenecks and obstacles for the private economic sector to overcome this difficult period; at the same time, speeding up administrative reform, improving public service responsibilities of agencies, cadres and public servants, promoting the application of information technology, cutting down time cost and material costs for organizations and individuals, creating ventilation for enterprises.

Along with that, the province also promulgated and synchronously deployed mechanisms and policies to encourage, attract investment and develop production and business in the province, ensure in strict accordance with the regulations of the Government and actual situation at the locality. Typically: policies to support investment in new rural infrastructure works; mechanism of supporting cement to build new rural infrastructure works; policies of investment preferential, encouragement and management of exploitation of rural clean water supply works in Thai Binh province; policies of supporting the collection and treatment of domestic waste in the province; policies of encouraging investment in the development of food and agricultural product processing industry; policies of supporting the development of large-scale farm breeding in the province... The mechanisms and policies that were promulgated timely have been effectively promoted, thereby mobilizing and attracting more investment resources from economic sectors, contributing to promoting socio-economic development of the province. Besides, the work of receiving dossiers, organizing the appraisal of investment projects, appraisal of the dossiers for requesting the support is also directed by the province to the departments and sectors to ensure in strict accordance with the regulations; at the same time, create the most favorable conditions for investors.

The work of administrative reform is also cared, directed drastically and deployed synchronously the solutions by the province to create the most favorable conditions on procedures relating to investment and business activities of enterprises. Along with the establishment and operation of the Public Administration Service Center, the province implements the settlement of administrative procedures under “5-on-spot” option and the division of receiving, returning result at district, city and province levels also direct departments, sectors and localities to regularly review and cut down the time to settle administrative procedures; thoroughly apply information technology, build the process to solve online public services at levels 3 and 4 according to the regulated list of the Government, thereby creating the most favorable conditions for organizations, individuals and enterprises coming to implement the transaction. At the same time, directing the building and deployment of assessments of competitiveness capacity at the levels of department, sector and the People’s Committee of district and city in 2019, implementing the announcement in the first quarter of 2020.

Thanks to the active and effective deployment of solutions, the wave of investment in the province tends to increase rapidly in both quantity and registered capital for investment. By the end of 2019, the whole province had 1,024 registered investment projects with a total registered investment capital of nearly 127,500 billion VND (including 85 FDI ​​projects with a total registered investment capital of nearly 750 million USD), of which many big investors invested in Thai Binh such as Hoa Phat, Truong Hai, Loc Troi, TH groups, Vingroup, etc.

Of the total development investment capital of the whole society in the period of 2016 - 2020 estimated at nearly 260,000 billion VND, the state budget capital is gradually decreasing, accounting for only 6 - 7%;


Some sectors and fields attract a lot of socialized capital resources: new rural construction (socialized capital reaches 5,315.79 billion VND), clean water (socialized capital reaches over 1,000 billion VND), transport (socialized capital reaches more than 6,700 billion VND)…

According to Baothaibinh.com.vn