Đà Nẵng extends procedure support for FDI enterprises

One-stop shop service at the Đà Nẵng City’s administrative centre helps businesses and local residents complete procedures. A desk of the centre is assigned to support FDI procedures. — VNS Photo Công Thành

ĐÀ NẴNG — In supporting foreign direct investment (FDI) businesses, Đà Nẵng’s business support centre hosts 2,000 visits by enterprises for procedure guidance and consultancy each month, making it the most visited rendezvous for all businesses investing in the central city.

Director the centre, under the Department of Planning and Investment, Phạm Đình Thành Hoàng said this at the workshop on ‘supporting and guiding necessary procedures for FDI enterprises’ in Đà Nẵng City, promising the city’s top priority policies offering the most favourable conditions for current and future FDI investors.

Hoàng said the centre assigns a consultancy desk at the city’s administrative centre to support businesses asking for any procedure on investment and legal provisions related to visa, fire-fighting, investment permissions, land-use right, tax, immigrant labour and any obstructions.

“The centre connects FDI investors and local agencies in dealing with complications with procedure, construction, land-rent and foreign experts working at investment projects in the city,” Hoàng said.

“Streamlining paperwork and saving time for investors is a key in creating a smooth pathway for investors flocking to Đà Nẵng and a stable investment environment for all enterprises,” he said.

Hoàng said the centre also offers the best way for investors to reduce misunderstanding or unnecessary paperwork during completion of investment procedure.

Nguyễn Hoàng Vũ, from the city’s fire-fighting police unit, said fire prevention procedures now go online completely, and it takes from five to 10 days for businesses to finish paperwork.

Major Hồ Thị Thanh Hà, from the city’s immigration police unit, said by the first quarter of 2024, all legal provisions related to immigration and foreign investors as well visa and working permissions will go online.

An engineer supervises a production line of circuit printed board in an electronics factory in Đà Nẵng City’s Hi-tech Park. The city has been speeding up procedures for FDI businesses for early operation. — VNS Photo Công Thành

The electronic tax system has been activated including 479 information channels, while the e-information portal for foreign suppliers and the e-Tax mobile application was also launched, according to the planning and investment department.

The department said the online customs procedure system is available for all businesses including automated cargo clearance system, customs intelligence, e-invoice, e-manifest and e-payment.

Lee Sung Gun, general director of education service Dongsim Việt Nam company, said the workshop offered accurate information related to investment projects.

He said some consultancy companies have not yet fully updated information, so foreign investors need a direct channel from the city’s People’s Committee or the government agencies for individual consultancy.

Deputy Chairman of the city’s People’s Committee Hồ Kỳ Minh said the workshop opens a direct channel for FDI investors who are facing problems in investment procedures and administration requirements have clear explanations from the city’s agencies and department.

Deputy Director of the city’s Department of Planning and Investment Lê Minh Tường advised investors to actively raise questions related to the city’s investment proposals and prioritised fields, as well as encouragement policies in the coming years.

He said the city’s Master Plan in 2021-30, vision 2050, had been approved, and investors should come to explore key investment projects for the coming decades.

The city will call for hi-tech industries, ‘green’ growth investment, semiconductor manufacturing, environment-friendly and renewable energy-consuming industries and information technology, he said.

To date, the city has attracted 1,016 FDI projects worth US$4.2 billion.  

According to the investment promotion agency, Đà Nẵng would exempt land tax for 50 years for software and supporting industry projects, while a $130 million investment project in the city’s hi-tech park will enjoy 10 per cent corporate tax for a 30-year term.

The city has urged investment from semiconductor businesses from Japan and the US, making Đà Nẵng a global semiconductor manufacturing and AI technology centre. — VNS