Accompanying businesses

In early 2019, when visiting the workshop of Hung Thao Mechanical Co., Ltd. in Bi village, Ngoc Thien commune and recognising that the enterprise was facing difficulties in production, leaders of Tan Yen district suggested the company move the workshop from the residential area to a wide location with more convenient transport to expand production.

Son Ha Materials Joint Stock Company creates jobs with stable income for more than 2,500 locals.

Creating favorable conditions for the business, the district requested relevant units to guide it how to complete procedures for obtaining an investment licence, and arranged 1.6 hectares of clean ground in Cau Xi village, Ngoc Chau commune to build the workshop.

Especially, from the industrial promotion fund, the district People's Committee supported the company with 50 million VND (2,156 USD). After nearly one year moving to the new position, Hung Thao Mechanical Co., Ltd. has guaranteed jobs with an income of 6-7 million VND per person per month for 50 local workers.

Reportedly, in order to create a favorable production and business environment, the district People's Committee has directed the planning and approval of key tasks of the head, including a criterion of attracting businesses. The time for settling project settlement procedures is cut from 60 days to 30 days.

In December 2016, the district People's Council issued a Resolution stipulating the content and levels of support for industrial and service development for the 2017-2020 period. Every year, the district allocates 500-700 million VND (21,500-30,100 USD) from the budget for industrial promotion activities. New businesses are supported 50 million VND while those expanding production get 30 million VND. So far, more than a dozen businesses have benefited from this Resolution.

Paying attention to investment attraction

According to statistics, since 2015, Tan Yen district has attracted 61 investment projects and created new jobs for more than 4,500 labourers, bringing the total number of investment projects in the locality to 133 (including nine foreign direct investment projects) with a total registered capital of over 2.3 trillion VND (nearly 99 million USD).

There are 169 newly established enterprises in the district. Quality of investment attraction has gradually been improved, with many large-scale projects in a number of fields such as electronic component manufacturing and assembling, garment and mechanics, thus giving a facelift to the district’s industry.

The district’s industrial production value is estimated at 6.6 trillion VND (584.6 million USD), 2.35 times higher than that of 2015; the average growth of industrial - construction production value in the 2015-2020 period is 21.8 percent, making an important contribution to promoting economic growth in the locality.

Determined to gradually increase the proportion of industry, the district has completed the planning of six industrial clusters with a total area of 31.16 hectares, including the expansion of Dong Dinh industrial cluster from 29.9 hectares to 66, 16 hectares, while speeding up the construction of infrastructure to form Dong Dinh Industrial Park in the future.

In order to attract investors to Tan Yen, the district plans to open a new western road from provincial road 294 to national highway 37 and roads connecting the ring road 4 with the communes of Ngoc Thien, Ngoc Ly and Viet Lap ... All these roads will run through the district’s planned industrial zones and clusters.

Dinh Duc Canh, Permanent Vice Secretary of the Tan Yen district Party Committee said: “During the 2020-2025 tenure, the district Party Committee will continue to mobilize resources to complete transport infrastructure and attract investment to industrial parks and clusters, considering it one of five key tasks. To carry out this task, the locality will have solutions to encourage investment, support enterprises to renovate technology and technical equipment, and improve quality, efficiency and competitiveness. At the same time, it will build specific mechanisms for new businesses or those expanding investment, creating the best conditions for enterprises when choosing Tan Yen as their destination”.

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