Northern province looking to attract investment in engineering, fabrication, assembly, support industries, component production, and electronics assembly.
On August 6 in Ho Chi Minh City the Ha Nam Provincial People’s Committee, in cooperation with the Central Economic Committee and the Ho Chi Minh City People’s Committee, held a forum entitled “Promoting Investment in Ha Nam Province in 2015”, which was the largest forum promoting investment the northern province has ever held.
Chairman of the Provincial People’s Committee, Mr. Mai Tien Dung, briefly introduced Ha Nam’s advantages, natural resources, and workforce in developing its industrial sectors, agriculture using high technology, and tourism.
It has also introduced a number of polices and incentives to encourage investment and promoted administrative reform to create favorable conditions for investors.
Mr. Dung announced that the province was prioritizing investment in sectors such as engineering, fabrication, assembly, support industries, component production, electronics assembly, consumer goods manufacturing, and processing. Ha Nam has also called for investment in business infrastructure, industrial parks, the health sector, education, the Tam Chuc tourism area, and high-quality hotels.
The Ha Nam People’s Committee signed a cooperation agreement with the Ho Chi Minh City People’s Committee at the forum for the 2015-2020 period and memoranda of understanding, and also presented investment licenses to the Japan Flower Corporation and the Kohwan Niyaku Tokushima Company from Japan, the RXO Group, KMW Vietnam, and Vietnam Jinyoung G & T Co., Ltd from South Korea, and Vietnam’s Nutifood.
As at June Ha Nam had over 500 investment projects with registered capital of $3.36 billion, of which 144 were foreign direct investment projects with total registered capital of $1.31 billion.