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Ha Nam remains attractive to foreign investors

The northern province of Ha Nam, located at the southern gateway of the capital city, has shown its strong attraction in foreign direct investment (FDI) attraction.
Ha Nam remains attractive to foreign investors ảnh 1Illustrative image (Source: VNA)
Ha Nam (VNA) – The northern province of Ha Nam, located at the southern gateway of thecapital city, has shown its strong attraction in foreign direct investment(FDI) attraction.

Thanks to its effortsin luring investment, the province has been listed among the top 10 leadinglocalities in FDI attraction.

In the 2011-2015period, the number of FDI projects and investment in the province surged threefold since the 2006-2010 period. In 2016 and 2017, the total number of FDI projectswas 1.3 times higher than that in the 2006-2010 period, while investment was2.4 times higher.

Currently, Ha Nam ishosting 240 valid projects with a total registered capital of 2.7 billion USD,including 205 projects in industrial parks worth a total of 186.5 million USD.

The development of FDIenterprises is also another important factor in the locality’s economicstructure transformation.

Ha Nam’s budgetcollection from FDI enterprises in the 2011-2015 period reached nearly 3.26trillion VND, accounting for 53.1 percent of its total collection. In 2016 and2017, the figure hit nearly 2.32 trillion VND.

The FDI businesseshave also created jobs for nearly 58,300 labourers, equivalent to 44.3 percentof the total labourers working in enterprises in the province. Industrialproduction of the FDI sector reached 40.91 trillion VND, or 52 percent of theprovince’s total industrial production value.

However, Ha Nam hasyet to lure large-scale projects with high technology and those in support or processingand manufacturing industries.

The majority of FDIprojects in the province are small to medium in size, focusing on assembly withlow added value and middle technology.

Nguyen Van Quang,Director of the provincial Department of Planning and Investment, claimed that inorder to continue attracting FDI in the future, Ha Nam should continuepromoting administrative reform to create the best possible conditions forenterprises.

Ha Nam is working hardto complete its target of seeing all of major industrial products made usinghigh technology and meeting international standards.

In the 2021-2030period, the province will focus on developing human resources with a strongcreativity capacity, with priority on the locality’s strong areas of afro-forestry-fisheries,electronics, telecommunications, new and renewable energy, manufacturing, andpharmaceutical chemistry.–VNA
VNA
#northern province of Ha Nam #Vietnamplus #Vietnam News Agency #FDI attraction #foreign direct investment #FDI enterprises #administrative reform Ha Nam

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