Paving the way to attract investment waves

BHG - Improving the investment and business environment is a core factor in attracting investment and fostering sustainable socio-economic development. Ha Giang Province has implemented various strategic solutions to remove barriers and enhance its appeal to investors and businesses.

Administrative procedure reform is regarded as a critical “lever”, with nearly 100 directives issued in 2024 to control and improve administrative procedures. The online submission rate has reached 89.8%, with all processing results being digitised, thus reducing processing time, ensuring transparency, and minimising petty corruption.

Staff at the Provincial Public Administrative Service Centre handle administrative procedures quickly and efficiently

The interconnected one-stop mechanism has reduced the processing time for business registration applications from three days to one day. Financial institutions have also supported businesses by accelerating transaction processing times, with short-term loans now processed in four days and medium-term loans in five days.

In 2024, the province issued investment certificates for seven new projects with a total capital of nearly 249 billion VND. Additionally, 22 projects had their licenses adjusted, and 300 new businesses were established with registered capital exceeding 1 trillion VND. The province currently hosts 4,227 businesses with a total capital of over 38 trillion VND, reflecting an increasingly improved investment environment that encourages entrepreneurship and sustainable economic growth.

The province has also prioritised improving infrastructure and logistics services, effectively maintaining a transportation network comprising six national highways and 13 provincial roads with a total length of nearly 948 km. Border gate management has been strengthened to facilitate imports and exports, which have achieved a trade value of 453.78 million USD, up 3.5% from last year. In 2024, the province welcomed nearly 3.3 million tourists, including over 370,000 international visitors, generating estimated tourism revenue of 8.1 trillion VND.

Furthermore, the province is promoting cashless payment systems and e-commerce development through the 4.0 market model, applying technology for health insurance medical examinations using chip-integrated citizen ID cards. These initiatives simplify administrative procedures, save time, and reduce costs.

With these comprehensive measures, the province aims to build a modern, friendly, and distinctive image, positioning itself as an attractive destination poised to attract stronger investment waves in the future.