Nomura Industrial Zone in the northernport of Hai Phong City (NHIZ) has attracted an increasing number ofboth domestic and international investors due to its comprehensiveinfrastructure and strong support from authorities.
According to Ellchi Yumoto, general director of the IZ, 97 percent ofland has been occupied. As many as 53 investors have been operating inthe IZ with a total investment of nearly 1 billion USD. The Japaneseaccount for 46 of the 53 total investors, and include well-knownbrands, such as Rorze Robotech, Hi-Lex, Yazaki, Toyoda Gosei, TohoruPioneer and Nakasima.
The IZ has also appealed to investors form the US and the EU likeGeneral Electric and EL-TEC, creating jobs for over 20,000 localworkers. Businesses operating in the IZ mostly focus on hi-tech sectorsincluding machinery manufacturing, auto spare parts and electronicdevices.
Yumoto said that modern and comprehensive infrastructure was the keyfactor to attracting investors into the Nomura IZ. Its traffic systemallows heavy-duty vehicles to operate in the area. A 50 MW power plantand a water supply system also exist to facilitate operations in theIZ.
NHIZ was the first IZ in the city to build a waste water system with environmental checks every three months.
The management board has paid much attention to building informationtechnology, communications, services, banking and clinics to serve theIZ.
Besides favourable conditions in infrastructure, administrative reformwith “one door” policy has been a key deal-maker for investors.
According to the policy, the Hai Phong Export Processing and IndustrialZones Authority takes responsibility to directly manage, assess andgrant business licences to investors. Simplification in administrativeprocedures has also lured investors to the IZ.
In addition, the management board has created favourable conditions andsupported businesses in the IZ by providing services at reduced fees.
The Japanese Nomura Finance Corporation 15 years ago invested inbuilding the 153 ha IZ at a total cost of 140 million USD. Although nota largest IZ in the country, the standard of its infrastructuresurpassed competitors nationwide at the time.
With its establishment, Hai Phong became the first city in the north to have an IZ./.
According to Ellchi Yumoto, general director of the IZ, 97 percent ofland has been occupied. As many as 53 investors have been operating inthe IZ with a total investment of nearly 1 billion USD. The Japaneseaccount for 46 of the 53 total investors, and include well-knownbrands, such as Rorze Robotech, Hi-Lex, Yazaki, Toyoda Gosei, TohoruPioneer and Nakasima.
The IZ has also appealed to investors form the US and the EU likeGeneral Electric and EL-TEC, creating jobs for over 20,000 localworkers. Businesses operating in the IZ mostly focus on hi-tech sectorsincluding machinery manufacturing, auto spare parts and electronicdevices.
Yumoto said that modern and comprehensive infrastructure was the keyfactor to attracting investors into the Nomura IZ. Its traffic systemallows heavy-duty vehicles to operate in the area. A 50 MW power plantand a water supply system also exist to facilitate operations in theIZ.
NHIZ was the first IZ in the city to build a waste water system with environmental checks every three months.
The management board has paid much attention to building informationtechnology, communications, services, banking and clinics to serve theIZ.
Besides favourable conditions in infrastructure, administrative reformwith “one door” policy has been a key deal-maker for investors.
According to the policy, the Hai Phong Export Processing and IndustrialZones Authority takes responsibility to directly manage, assess andgrant business licences to investors. Simplification in administrativeprocedures has also lured investors to the IZ.
In addition, the management board has created favourable conditions andsupported businesses in the IZ by providing services at reduced fees.
The Japanese Nomura Finance Corporation 15 years ago invested inbuilding the 153 ha IZ at a total cost of 140 million USD. Although nota largest IZ in the country, the standard of its infrastructuresurpassed competitors nationwide at the time.
With its establishment, Hai Phong became the first city in the north to have an IZ./.
