This shows their great support for businesses. For this procedure to be effective, businesses need to cooperate with the authorities in preparation. When the local authorities announced the new procedure of issuing investment licenses within 1 day, this enterprise started their project preparations. They purchased raw materials and equipment and prepared the necessary documents so that when the procedure officially comes into effect, they will have their license in just 1 day. Now they can implement their project 2 months earlier than planned.
This enterprise has begun their project in an industrial zone in Nghe An province for 1 year. They constructed road, water and electric systems and attracted 10 investors in 3 months. Besides their own preparation, the enterprise also consulted agencies for land and human resource laws.
The local authorities will establish a center to promote and support investment at the end of May. The center will handle all procedures related to investment, instead of having many different agencies.
