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Ha Nam strives to attract FDI
The northern province of Ha Nam was targeting to attract 15-20 new foreign-invested projects with a total registered capital of US$120 million by the year-end, according to the provincial Department of Planning and Investment.
In the first half of this year, the province welcomed 11 foreign-invested projects, capitalised at $78.4 million. During the period, the foreign-invested sector posted $293 million in revenue, up 37 per cent year-on year, and created 15,600 jobs.
The latest additions bring the total number of licensed foreign-invested projects in the province to 77 with capital totalling $670 million. Of the sum, $512 million or 76.5 per cent of the total registered capital has been implemented.
The department deputy director Bui Hong Thanh attributed the good performance to increased efforts by local authorities to attract foreign investors including a range of investment promotions.
Thanh said the number of licensed projects rose significantly over the years from five projects worth $7.5 million from 2001-05 to 39 capitalised at $267.8 million between 2006-10.
It was the operations of foreign investors that helped us to advertise the investment climate, Thanh said, adding that the province was striving to attract more investors from Japan and South Korea.
In order to do so, the province has established an investment promotion office in Hiroshima, Japan.
Besides participating in overseas trade promotion activities, provincial authorities had also held talks with foreign investors to listen to their problems, and then they made the necessary policy adjustments to facilitate their operations in the province, Thanh said.
"The province will continue to adopt more incentives to attract foreign-invested enterprises and secure long-term investment," said chairman of the provincial People's Committee Mai Tien Dung.
He was speaking at a recent working session with representatives from over 70 foreign-invested enterprises from nine countries and territories based in the locality.
Dung said the province would concentrate on perfecting infrastructure in industrial zones, training qualified workers and reforming administrative procedures.
During the event, Daiken Murakami, director general of Showa Denko Co and chairman of the Japanese Business Association in Viet Nam, appreciated the incentives the province was offering to foreign investors and Japanese firms in particular.
He pledged to work with local authorities in an effort to draw more Japanese businesses to the province.
vietnamnews
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