11:09 | 14/09/2016 Economy
(VEN) - Ha Nam targets to become an attractive investment destination in the Red River Delta through 10 commitments for investors in industries, hi-tech agriculture and trade-service-tourism sectors.
The province which is about 50km away from Hanoi has a favorable transport network. Its annual average GDP growth rate is 13.05 percent during the 2011-2014 period and particularly reaches 15.1 percent last year, which was the highest provincial gross domestic product (GDP) level in the Red River Delta in the past six years. The proportion of construction industry has increase while that of agriculture decreased. Construction and industry are accounted for 58.3 percent of the provincial economy, service sector 29.1 percent and agro-forestry-fishery sectors 12.6 percent last year.
Currently, Ha Nam is one of the country’s top 15 foreign direct investment (FDI) provinces. As of June 2016, it recorded nearly 600 investment projects with total registered capital of more than US$4.95 billion, including 170 FDI projects worth more than US$1.78 billion.
Ha Nam’s 10 commitments, which clearly express provincial leaders’ willing to improve local business and investment environment, include 24-hour power supply, water supply, telecommunications services, waste collection and treatment, and streamlined administrative procedures related to investment license and taxes.
In addition, the province will support investors in vocational training and human resource supply, provide clean and free land property for housing, , assist in production and investment expansion, ensure security around industrial parks, and establish a hotline to the Ha Nam Province People’s Committee Chairman and the Ha Nam Province Party’s Committee Secretary to receive feedbacks.
At a recent provincial investment promotion workshop, Ha Nam presented a series of investment-attractive sectors including supporting industries, processing and manufacturing. A focus on energy saving and hi-tech products as well as environmental-friendly materials is stressed for a sustainable development.
To date, Ha Nam has planned safe vegetable and fruit production areas for nearly 1,000ha to cater for large supermarkets and exporters. It also strives to become a regional high-quality center of health, vocational training and tourism by 2020, building Nam Cao university area, Tam Chuc tourism area, golf courses, restaurants and hotels.
At the workshop, Ha Nam signed cooperation agreements, memoranda of understanding and granted investment licenses for 10 investors. Investment projects equivalently worth VND17 trillion, including a US$300 million semiconductor and LED product project implemented by the Korea-based Seoul Semiconductor at the Dong Van I Industrial Park.