HA NAM AIMS TO ATTRACT 150 PROJECTS IN FOUR YEARS

The northern province of Ha Nam aims to lure 130-150 projects to its industrial parks (IP) in 2017-2020, with total investment of up to VND50 trillion (US$2.19 billion), including US$1.5-1.8 billion in foreign investment.

Through the projects, Ha Nam hopes to create jobs for about 25,000 laborers, raising the total workers in local industrial parks to about 75,000.

The province targets about VND60 trillion (US$2.64 billion) in industrial production in the parks in 2020, accounting for 75% of the province’s total, as well as the full occupancy of Dong Van II, Chau Son, Hoa Mac and Dong Van III support industry park.

In 2020, it is hoped local IPs will pay VND3.1 trillion (US$13.6 million) to the State budget.

Currently, the province is prioritizing projects in support industry and processing-manufacturing industry with advanced and environmentally-friendly technology.

To fulfill the goals, Ha Nam is mobilizing resources to hasten infrastructure construction in the IPs, offering clear ground for investment projects, while speeding up the building and upgrade of transport system linking the IPs with national roads, airports and seaports.

The province has also diversified methods of investment promotion, introduced the local investment environment to foreign firms, improved its infrastructure system and human resources quality, and sped up administrative reform.

The locality will also set up a database on enterprises in the support industry to foster business connectivity.

According to Tran Xuan Duong, head of the Management Board of Ha Nam IPs, by the end of the first quarter of 2017, local IPs hosted 262 valid projects, including 160 foreign-invested ones worth over US$2 billion, along with 102 domestic ones with total investment of more than VND14.3 trillion (US$62 million).

Source: VIR