Development Strategy of Hai Phong city to 2020

Author: Hoa Nguyen, MBA.,MA.

Hai Phong, which is located in the Northern Focal Economic region, has a strategic location and huge potential and advantages for development. With 1.507,57 km2 and a population of 1.907.705 people, Hai Phong is the third - biggest - city in Vietnam. Hai Phong is also well known as it has the largest seaport in the country. Over the past years, being aware deeply about the important role of FDI for Hai Phong's development, on September 12, 2011, Hai Phong People Committee announced the essential directive No 26/CT - UBND for fostering FDI in Hai Phong city. This directive indicates detailed duties of relevant local agencies and organizations in getting and supporting FDI within this province. In term of investment perspective, it is necessary to review the decision No 01/2009/NQ-HĐND on economic development towards sea oriented to 2015 and a vision for 2020 in order to find out investment opportunities.

In this decision, six core economic sectors shall be prioritized to develop. First is development of port system, maritime services and maritime transport. Second is development of economic zones, industrial parks and urban areas along the coast. Third is ships and floating facilities building and repairing industry. Forth is fishing economic. Fifth is Marine Tourism  and Sixth is  Islands districts development.
Considering from strategic directions created by Hai Phong People Committee, two important strategies should be remarked since they have provided investors many opportunities to invest.
Firstly, Dinh Vu - Cat Hai economic zone is looking forward being one of the biggest international commercial hubs of the Northern Focal Economic Area and national wide, as well. This plan opens many opportunities for foreign investors to invest in commerce, tourism and logistics services. The links among this hub with other international commercial hubs in ASEAN and Pacific region shall create many business opportunities and promote international trade.
 Secondly, Cat Hai  and Bach Long Vi islands are targeting to become an international tourism and resort center. They are also planning to develop logistics and maritime transportation services. This strategy also suggests investors in looking for investment opportunities in tourism, especially in  ecotourism since Hai Phong has abundant natural resources. In addition, investment in logistics towards  maritime transportation is still a good idea since Dinh Vu - Cat Hai becomes the international commercial hub as already mentioned.
 Aren't you able to wait longer to find your investment opportunities here??? You have your answer, already!!! 

Effort of Bac Ninh province in getting foreign investment in period of 2013 - 2020, towards 2030

Author: Hoa Nguyen, MBA.,MA.

Bac Ninh province, which is located in the Northern focal economic region, is one of the most successful provinces in getting foreign investment because of its advantages in development and investment environment. Since Bac Ninh was split-ed out of Ha Bac province in 1997, it got positive results in getting foreign investment with 343 projects costing of 4.3 Billion USD in registration. Korea and Japan are the biggest investment countries there. Now, Bac Ninh has 15 industrial zones, 1 information technology zone and 30 industrial groups. Bac Ninh is focusing on getting foreign investment in high technology and environment - oriented industries. In order to support foreign investment towards transparent investment procedures, Bac Ninh People Committee announced the decision No 293/QĐ-UBND, date of 12/8/2013 to approve the project named " Proposal on getting foreign investment in Bac Ninh province, in the period of 2013 - 2020 and a vision to 2030". In this proposal, the achievements and shortages of getting foreign investment in the past 15 years were analyzed in order to propose solutions and orientations for getting foreign investment in the next years.

Investment orientations in Bac Ninh province are provided as following:
 First, Bac Ninh set its priorities for getting investment in Electronic industry, Industrial support and other services, mainly in commerce and tourism, as well as infrastructure.
Second, Bac Ninh encourages partners, who can bring high technology, advanced management methods to support creating edge industries of this province. It also expects to get investment from reputable and strong financial capacity partners.
Third, promotion for social sustains, local incomes increasing as well as another social efficiency is also mentioned in investment orientations of Bac Ninh province.
Fourth, getting foreign investment towards area - oriented is discussed in this proposal. In the north of Duong river area, investment in industries, agriculture and services are encouraged in Yen Phong and Que Vo. The projects on commerce, tourism and urban development shall be focused in Bac Ninh city, Tien Du and Tu Son town. In the South of Duong river area, projects of manufacturing, processing,commerce and services shall be performed in Thuan Thanh while projects of agriculture, commerce, service and infrastructure shall be implemented in Gia Binh and Luong Tai. The most important thing is that Bac Ninh province does not approve projects of manufacturing outside industrial zones.
Bac Ninh province commits to change its mechanism with supportive policies for foreign investment in promoted projects, including:
 - Supports in land clearance
- Supports in training and providing qualified human resources
- Supports in infrastructure building inside and outside projects' fences
- Supports in research and technology transfer as well as creating high technology models.
- Supports in legal procedures
- Open for various investment types such as BOT, BTO, PPP
In the context of international investment growth since Vietnam has become one of the most profitable investment destinations in ASIAN, Bac Ninh's policies shall lead to its success in getting foreign investment. Is it a big question ????