Ha Nam province attracts selective investments

15:49 | 27/08/2018 Economy

Up to 41 of the 44 new projects in Ha Nam so far this year have invested in processing, manufacturing, and supporting industries, a result of the Red River Delta province’s efforts to selectively attract investments.

At Yokowo Vietnam Company in Dong Van II IP in Ha Nam - Source: VNA

Tran Xuan Duong, head of Ha Nam’s industrial zones management board, said local industrial parks have welcomed 32 FDI projects and 12 domestic ones worth nearly US$306 million in total since the year’s beginning.

The industrial parks in the province are currently home to 337 valid projects, including over 200 FDI projects worth over US$2.5 billion and 136 Vietnamese-invested ones worth 25 trillion VND (US$1.1 billion).

He noted that Ha Nam prioritises investments in the supporting, processing, and manufacturing industries, as well as projects that use advanced technologies; produce products with high competitiveness in the global market; and are environmentally friendly.

It has also paid attention to the capacity and technological application of its investors, and as such most projects have been carried out shortly after receiving licences, he noted.

Duong said the board will step up the development of infrastructure at industrial parks and improve the management of businesses and environment there so that the zones can become a truly attractive destination for investors.

It will also make use of ministries and sectors’ support in promoting investment and reforming administrative procedures. Additionally, the board will actively grasp businesses’ situation to remove obstacles from their activities and ensure their compliance with environmental protection regulations, he added.

Theo VNA