Ha Nam province takes various measures to lure more investors

The provincial authorities have been regularly holding dialogues with local businesses to learn about and remove their problems. They have also initiated incentives and reclaimed idle land spaces from projects in breach of the Law on Investment and the Land Law.

At the same time, Ha Nam has diversified forms of investment promotion and actively called for investors, introducing them to local business opportunities. The province has been focusing on attracting foreign direct investment (FDI) firms and large domestic enterprises in projects in the supporting, and processing and manufacturing industries. 

Priority has been also given to projects using environmentally-friendly and energy-saving technologies to prevent pollution and projects contributing greatly to the local budget.

Furthermore, the province has been working on enhancing the quality of services in its industrial parks (IP), as well as fast-tracking the implementation of key projects such as Tam Chuc tourism complex, Kim Bang Golf Course, Nam Cao University and a top-quality health service facility.

Infrastructure at the IPs has been improved – particularly with the construction of facilities for the livelihood of workers such as residential houses, hospitals, and schools – while support has been provided to companies in the IPs in terms of labour recruitment and legal consultancy.

According to the provincial Department of Planning and Investment, Ha Nam drew in 54 investment projects, including 22 FDI and 32 domestic ones, and approved capital rises in 19 other projects, in the first half of 2018. The projects have brought a total of US$371 million in investment to the province.

To date, the province is home to 792 valid projects, including 229 FDI projects, with a total investment of US$7.19 billion.