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Hưng Yên Province aims to lure $600 million in FDI
The northern province of Hưng Yên expects to attract US$600 million in foreign direct investment (FDI) to its industrial parks this year.
A view of Phố Nối A Industrial Zone in northern province of Hưng Yên. — Photo baohungyen.vn
Permanent Vice Chairman of the provincial People’s Committee Nguyễn Lê Huy said to achieve the target, the locality will continue its support to businesses, focusing on organising meetings and investment promotion conferences with investors from the Republic of Korea, Japan, the US and Europe, thus luring big groups and projects with cutting-edge technologies, and joining global value chains.
Hưng Yên will also step up digital transformation and publicise information about land planning, industrial development planning, land price and compensation for site clearance, while speeding up the implementation of industrial parks, and approved social and worker housing projects, the official continued.
Director of the provincial Department of Planning and Investment Trịnh Văn Diễn noted that Hưng Yên has worked to improve its investment environment and provincial competitiveness index, and set up specialised groups to evaluate the operation of businesses and production facilities, helping them remove obstacles.
Besides, the province has paid attention to high-quality personnel development to satisfy requirements of spearhead economic sectors, as well as digital transformation, he added.
According to the provincial Statistics Office, Hưng Yên counts 543 FDI projects worth nearly $7 billion, of which 172 projects valued at $3.8 billion have been run by Japan – its biggest investor.
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