Ha Nam seizes opportunities to boost supporting industry development

Thanks to advantages of land and an open investment environment, in 2023, Ha Nam became a highly potential destination for attracting high-quality foreign direct investment (FDI).

Supporting industry enterprises in Ha Nam Province have developed rapidly in terms of both quantity and quality

By the end of 2023, the province had had 370 FDI projects from 13 countries and territories, including 150 projects of the Republic of Korea (RoK)’s investors with a total registered investment capital of about US$1.7 billion; and about 110 others of Japanese enterprises with a registered investment capital of US$2 billion...

In 2023, the province’s IPs attracted 49 new investment projects, including 33 FDI and 16 domestic projects with registered capital of US$459.128 million and more than VND1.932 trillion, respectively.

One of Ha Nam Province’s advantages to attract a large amount of foreign investment capital is a system of available IPs that are likely to be expanded.

In addition to eight established IPs, and four others in the 2021-2030 planning on an area of ​​940 hectares, Ha Nam also plans to establish new IPs on a total area of ​​3,200 hectares.

In the local IPs, supporting industry enterprises is growing rapidly in terms of both quantity and quality. Many enterprises are constantly making innovations, improving their competitiveness, and expanding their production scale to participate more deeply in the global supply chain.

To take advantage of the State’s preferential and incentive policies, Ha Nam has recently paid special attention to attracting investment projects on supporting industries, creating the most favorable conditions to support enterprises in this field. Specifically, the construction of Dong Van III Industrial Park is dedicated to supporting industries with a total investment capital of VND2.320 trillion, on an area of 223 hectares. Over the past years, supporting industry enterprises, especially those that have enjoyed incentives under the Decree No.111/2015/ND-CP like Seoul Semiconductor Vina Co., Ltd., Sumi Vietnam Wiring System Co., Ltd., have maintained effective operations, achieved positive growth, and contributed significantly to the province’s socioeconomic development.

So far, 12 enterprises of Ha Nam Province have been identified as prioritized supporting industry enterprises and they have completed dossiers to enjoy tax and credit incentives. The enterprises highly appreciated related departments and sectors for dissemination about the mechanisms and policies on developing supporting industries, and supporting them in enjoying the preferential treatments according to Decrees No.111/2015/ND-CP and No.57/2021/ND-CP of the Government.