Investment sought in a range of fields, with incentives provided.
Northern Nam Dinh province has called for investment in 21 key projects with total capital of more than $4 billion.
According to Nam Dinh’s Investment Promotion and Business Support Centre (IPBSC), the investment form will be either build-operate-transfer (BOT) or public-private partnership (PPP). Projects calling for investment are in the fields of construction, infrastructure, textiles, parts manufacturing, electronic goods, machinery, high-tech aquaculture, and automobile assembly.
The two major projects are the Thinh Long Port construction project and infrastructure investment in the Ninh Co Economic Zone, with capital expected at $1 billion each. The province is also paying much attention to the Rang Dong textile industrial park project (on 1,500 hectares) requiring foreign direct investment of $100 million and expected to create 200,000 jobs.
The province is now completing a BOT deal on the Hai Hau thermal power plant project with total investment capital of $4.5 billion and capacity of 2,400MW. The power plant is estimated to generate $25 billion from selling electricity over 25 years of operation.
Nam Dinh has issued a number of attractive incentives on land, taxes and support in workforce training, accelerated its administrative procedure reform, and invested in transport infrastructure. These factors have provided investors with good conditions to invest in projects. In the first nine months of this year Nam Dinh licensed nine FDI projects with total investment of $130 million, compared to 19 projects with total investment of $137 million in the 2009 - 2013 period.