The Da Nang People's Committee has issued a document on the task of improving the effectiveness and efficiency of State management of investment activities across the city.

In line with the Law on Investment and Decree No. 31/2021/ND-CP dated March 26, 2021, the municipal government assigned the Department of Planning and Investment, the Authority of the Da Nang Hi-Tech Park and Industrial Zones to perform related operations on receiving dossiers, and granting, certifying, amending and revoking investment registration certificates.

In particular, these agencies must control and set a limit to projects with low investment capital through the development of regulations regarding specific conditions on investment rates per unit of land in accordance with local realities.

Also, heed will paid to regularly conduct inspections and resolutely handle projects that have been either delayed or not implemented at all, and have failed to comply with investment registration certificates and the approval of in-principle investment policy.

Meanwhile, the Department of Home Affairs is in charge of supervising the official activities of civil servants and public employees performing investment-related tasks, especially the issuance, adjustment and revocation of investment registration certificates. the management of investment activities.

The municipal Investment Promotion Agency are required to proposes proper adjustments to investment attraction orientations in line with the city’s socio-economic development strategies for the 2021 - 2030 period in the direction towards ensuring selective investment attraction and identifying good quality, efficiency, technology and environmental protection as main evaluation criteria.

Reporting by N.PHUONG – Translating by A.T