Ha Nam - attractive destination of investors

Ha Nam attractive destination of investors

With Ha Nam’s 10 commitments, which clearly express provincial leaders’ willing to improve local business and investment environment, include 24-hour power supply, water supply, telecommunications services, waste collection and treatment, and streamlined administrative procedures related to investment license and taxes.

In addition, the province will support investors in vocational training and human resource supply, provide clean and free land property for housing, assist in production and investment expansion, ensure security around industrial parks, and establish a hotline to the Ha Nam Province People’s Committee Chairman and the Ha Nam Province Party’s Committee Secretary to receive  feedbacks.

Currently, there are 950 valid projects totaling nearly VND200 trillion (US$8.6 billion) in the province, of which 288 are invested by foreign investors from nine countries and territories, with a total capital of US$3.56 billion.

Director of Korean-invested KMW Viet Nam Ltd, Co. Lee Hwdeuk said that leaders of the provincial People’s Committee have held regular meetings with businesses to help them promptly solve difficulties.

Ha Nam is proving appealing for foreign direct investment (FDI), partly explaining why the province has become a focus for a slew of firms coming from the likes of Japan and the Republic of Korea.

Now, the province alone is home to 82 Japanese firms and 108 Korean companies, many of whom have reaped the rewards from conducting business operation there, such as Honda Viet Nam, Sumi Ltd., and NMS Ltd.

Located about 60 kilometres from Ha Noi, Ha Nam province has become a favourable alternative investment destination for foreign businesses. From 2016 until now, Ha Nam courted 170 investment projects, 68% of which are foreign-invested.

Besides these advantages, investment incentive policies have been carried out seamlessly, with strong commitment from the local government.

The province’s management has made good on their promises with investors and businesses, such as ensuring round-the clock power supply to firms, and the granting of investment certificates within three days./.

By Vien Nhu