Investment in Ha Nam has significantly increased in recent years thanks to the northern province’s concerted efforts in attracting more projects.The province’s FDI between 2011 and 2015 tripled that of the 2006-2010 period while the number of FDI projects from 2016 to the end of July 2017 was equal to the 2006-2010 figure.
Ha Nam Province makes efforts to lure more investment
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The province has so far lured 688 investment projects, including 197 FDI and 491 domestic investment ones, with total registered capital of 6.07 billion USD. Since the beginning of this year, Ha Nam attracted 12 FDI and 44 domestic investment projects with a combined capital of 448.4 million USD.
The province has been considering more incentives to draw investment in the fields of urban development, water supply and drainage, urban environment, social and low-cost housing. It has built houses, schools and other facilities for workers at local industrial parks while encouraging enterprises to provide free bus services to them.
The province has worked to improve infrastructure at industrial parks and Nam Cao University as well as enhance environmental treatment, especially around Tay Day area. It has also adopted policies to invite more skilled workers from other localities to work in the province and carried out projects to training workers for local Japanese and Korean enterprises.
It has closely coordinated with foreign investment promotion agencies like Japan External Trade Organisation (JETRO) and Korea Trade-Investment Promotion Agency (KOTRA) to get more access to foreign investors.
