Vinh Long strives to meet investors’ needs

Positioned between the twin economic engines of the south - Ho Chi Minh City and Can Tho - and with close links to other localities in the region, Vinh Long has a great and untapped potential for investment.

Nguyen Van Quang, Deputy Party Secretary and Chairman of Vinh Long provincial People’s Committee

Parallel to the creation of vast cleared land sites to serve investors, the province has been carrying out wide-ranging measures to support businesses. These supportive measures include further simplifying administrative procedures, increasing dialogues between local government and firms to troubleshoot investment difficulties, ensuring transparency, encouraging businesses to feedback on the province’s policies and regulations, and placing more administrative procedures online.

In addition, the province has tried to support startups and promote innovations throughout its business environment. These support structures will help open supply channels to small- and medium-sized enterprises, and spur the development of private services through market access, legal consultation, and research and development.

In light of governmental Resolution 19-2016/NQ-CP, dated April 28, 2016, Vinh Long People’s Committee has enacted an action plan on major tasks and measures to consistently improve the local business climate and the provincial competitiveness index (PCI) during 2016-2017, with an eye towards 2020.

Our objective is to heighten both our PCI score and ranking in terms of business environment and competitiveness through effective implementation of the government resolution.

This will help create a conducive and fair investment environment across assorted economic sectors, which will help turn Vinh Long into an ever more trustworthy destination for investors and businesses. We will try our best to keep Vinh Long’s PCI scores among the best nationwide.

Other important tasks for the future include scaling up human resources training to meet growing development and international  integration requirements, and introducing policies to draw talent into the province. Providing adequate financial services to better serve investor needs is also a priority as we work towards our potential.

by vir