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Japanese investor eyes Ha Nam amusement park

Released at: 10:12, 23/06/2016

Japanese investor eyes Ha Nam amusement park

Photo: Ha Nam province/Courtesy

Initial discussions held between investor and province, primarily over locations.

by Ngoc Lan

The Ha Nam Provincial People’s Committee has confirmed that a Japanese investor may invest in an amusement park in the province at an as yet undisclosed time.

Mr. Cung Tien Thanh, Deputy Head of the Economic Division of Phu Ly city - the provincial capital - said that Mr. Ikejiri Makoto, President and Executive Director of Spirits Investment Consultants and Vietnam Frontier International, expressed a willingness to build and develop a large-scale amusement park at a meeting with provincial leaders on June 14.

Mr. Makoto said he may establish a partnership with a US company to develop the project, which could include a water park if it was expanded.

The project’s timeframe has not been revealed. “Mr. Makoto has only met with provincial leaders and reviewed potential locations,” Mr. Thanh told VET. “We will have to wait until early August when the US company returns to look at locations.”

Provincial leaders will meet again with the Japanese investor, Mr. Thanh added. “Everything may be finalized at that time,” he said.

Mr. Makoto also proposed setting up company offices in the province and introducing Japanese partners to jointly invest in the project and resolve issues such as water, electricity, and garbage disposal. The US company will come to look at locations and decide on the scale and costs. Total investment in the project is yet to be revealed.

Mr. Pham Sy Loi, Deputy Chairman of the People’s Committee, introduced three possible locations for the project at the meeting. The first is in Tuong Linh commune, Kim Bang district, which could house a golf course, entertainment and resort destinations, and other facilities.

The second is around the Tam Chuc Ba Sao area of Kim Bang district, while the third is in Thanh Liem district, which has many low hills.

A fourth option may be Phu Ly city, according to Mr. Thanh. VET was unable to contact Mr. Makoto.

Ha Nam, some 100 km south of Hanoi, has an area of 862 sq km and a population of over 800,000 people. Registered FDI stood at $1.4 billion in 165 projects as at the end of 2015, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI).

Significant foreign investors include those from Japan, South Korea, Singapore, Thailand, Taiwan, and Europe. The Tam Chuc Resort is one of the largest tourism projects in the province.

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