The northern province of Ha Nam attracted nearly 29 million USD from four foreign direct investment (FDI) projects in the first three months of the year, according to Tran Xuan Duong, head of the provincial industrial parks management board.
To date, the locality is home to 160 FDI projects with a total registered capital of over 2 billion USD and 102 domestic projects valued at over 14.3 trillion VND (629 million USD).
Industrial production at industrial parks was estimated at 10.7 trillion VND (470.6 million USD) while export value was 290 million USD in quarter I, a year-on-year increase of 25 percent and 20.8 percent, respectively.
In a bid to lure investment to the province in the near future, the local industrial parks management board has called for foreign investment by providing information and holding working sessions with investment promotion organisations like the Foreign Investment Agency of the Ministry of Industry and Trade, the Japan External Trade Organisation (JETRO) and the Korea Trade-Investment Promotion Agency (Kotra).
The board has also paid due attention to administrative reforms, land clearance and the completion of technical infrastructure.
It will help infrastructure development businesses deal with challenges in the compensation of land clearance and infrastructure building.
In addition to ensuring sufficient electricity and water for business operation of the investors, the board will also provide support in worker recruitment.