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Ha Nam Prepares to Accommodate New Wave of Investment

August 03, 2022 07:18 AM

With open policies, Ha Nam has become one of the top 10 provinces and cities attracting the highest foreign direct investment (FDI) in the country in recent years. In the period of 2021-2025, Ha Nam province is determined to focus on improving the business investment environment to attract investment in key industries, creating a driving force for local economic growth.

Driving industrial parks in line with the planning approved by PM

Over the past time, the construction and development of industrial parks in Ha Nam province has achieved positive results, contributing to the achievement of the province’s socio-economic development goals.

In order to be able to accommodate investment waves, especially FDI enterprises from all over the world, and approach FDI enterprises looking for new investment markets, in the period 2021-2025, the province intends to submit to the Government the draft of planning and development of 15 industrial parks by 2025 with an area of 6,014 ha (increasing by 3,480 ha), including expanding four more IPs with an additional area of 1,020ha and establishing six new industrial parks with an area of 2,210 ha.

In 2021, Ha Nam will focus on speeding up infrastructure investment, and attracting investment in Thai Ha Industrial Park (phase 1), expanding Dong Van I Industrial Park, Dong Van IV Industrial Park, and Thanh Liem Industrial Park (phase 2) to get ready a clean land fund to call for investment.

Focus on supporting businesses

In the context of being heavily affected by the COVID-19 pandemic, the Provincial People’s Committee has put forth solutions to implement Resolution 02 of the Government, Directive 11 of the Prime Minister on urgent tasks and solutions to remove difficulties for production and business and ensure social security amidst the COVID-19 pandemic.

In addition, Ha Nam province has aggressively reformed administrative procedures and improved the business environment. The province has also supported enterprises in recruiting workers, carrying out procedures for registration of seal samples, tax codes, etc. Ha Nam province also considers priority mechanisms for projects with large investment capital and high technology.

With the motto “Always stand by the side of investors and businesses”, the provincial authority has regularly maintained contacts and dialogues with businesses in order to promptly handle difficulties and problems of projects which are in operation, ensuring that the projects operate effectively and on schedule, which strengthens the confidence of businesses and investors in the local business and investment environment, and creates a spillover effect and positive impact on new investors.

The Resolution of the 20th Ha Nam Provincial Party Congress determined that, in the period 2021 – 2025, the province will continue to focus on developing supporting industries, processing, and manufacturing; promoting the attraction of modern and highly effective technology projects. The province will still focus mainly on traditional markets such as Japan and South Korea, and expand to Taiwan and countries that are members of CPTPP, EU, etc.

For the industry, Ha Nam prioritizes attracting foreign investors, especially those from Japan, Korea, and Taiwan. The province will also reserve land for investors in supporting industries. Ha Nam prioritizes attracting investment projects that are environmentally friendly, have advanced technology and ensure investment efficiency, in which priority is given to a number of industrial production areas such as mechanical engineering, assembly, electronics, telecommunications, information technology, supporting industries, and other industrial fields.

Along with attracting investment in industry, Ha Nam will also promote investment attraction in hi-tech agriculture, such as building hi-tech agricultural zones; growing organic vegetables, tubers, and fruit products, planting high-tech rice; processing and preserving agricultural products, food, beverages, milk; raising clean pigs, dairy cows, beef cattle and processing products from pork and beef.

At the same time, the province will attract investment in urban infrastructure development, commerce, tourism, services, health, education, and training. Currently, Phu Ly city has been recognized as a grade II city and Duy Tien town has also been recognized as an urban area grade IV. In order to successfully achieve the above goals, the province has urged departments, branches, and districts to promote detailed planning, and create a mechanism to attract projects on urban infrastructure development and construction, vocational schools, high-quality hospitals, trade and service centers, such as planning and attracting investment in Nam Cao University Area with an area of 754 ha, a high-quality medical center area with an area of 940 ha and Tam Chuc National Key Tourist Area with an area of more than 5,000 ha.

By: Vietnam Business Forum

Source: https://vccinews.com/news/43503/ha-nam-prepares-to-accommodate-new-wave-of-investment.html

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