Ha Nam grants investment certificates to two large projects

14:36 | 17/05/2019 Economy

The People’s Committee of the northern province of Ha Nam on May 15 granted investment certificates to two large projects in the locality.

Ha Nam officials present investment certificates to representatives of Capella Land JSC and Teijin group - Photo: VNA

Accordingly, Capella Land JSC is allowed to develop infrastructure at Thanh Liem industrial park’s second phase with a total registered capital of nearly 950 billion VND (40.6 million USD).

Meanwhile, the Japanese-based Teijin group will spend 12 million USD constructing a carbon plant on a site of 15,300 sq.m. The plant will produce carbon fiber for the aviation and aerospace industry, automobile industry, healthcare, and sports sectors.

At the event, Director of Capella Land Bui Dinh Chien and marketing director of Teijin group Kamigawa Toru ensured compliance with Vietnamese regulations while carrying out their projects.

Chairman of the provincial People’s Committee Nguyen Xuan Dong asked competent authorities and agencies to support investors in policies and procedures so that the projects can be implemented in line with their schedule.

He said that the provincial People’s Committee has directed all branches and sectors to mobilise resources to branch out comprehensive infrastructure, as well as accelerate administrative procedure reform.

As of May, Ha Nam province granted licences to 40 projects, including 16 FDI ones worth a total of 200 million USD and 24 domestic valued at nearly 3.5 trillion VND (nearly 150 million USD). To date, the province is home to 887 FDI and domestic projects, with combined registered capital of 7.7 billion USD.

Theo VNA