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Ha Nam licenses domestic and foreign projects

Released at: 15:38, 27/07/2017

Ha Nam licenses domestic and foreign projects

Illustrative image (Source: cafef.vn)

Projects worth over $202 million licensed in northern province on July 26.

by Hai Van

The Ha Nam Provincial People’s Committee issued investment certificates to foreign and domestic investors with projects totaling over VND4.6 trillion ($202.33 million) in capital on July 26.

Projects include the U1 University from South Korea in Phu Ly, with investment of $45 million to train 4,200 students year, and a pork project from Masan at the Dong Van IV Industrial Zone in the northern province with a processing capacity of 600,000 pigs per year.

The Tan Port - Dong Van III Construction Joint Stock Company project belonging to the Tan Cang - Dong Van Ha Nam Joint Stock Company, in logistics services and warehousing at the Dong Van III Industrial Park and capable of conducting goods clearance on 37,000 TEUs per year and with investment capital of VND181 billion ($7.96 million), was also licensed, as was a clean water supply project in Duy Tien district belonging to the Ha Nam Clean Water Joint Stock Company with the capital of VND2.6 trillion ($114.35 million).

In the first half of this year there were 317 new enterprises established in the province, an increase of 40 per cent year-on-year, with total capital of VND3.9 trillion ($171.54 million). Two investment promotion conferences were also held by the province - one in Japan and in South Korea - and a meeting with major investors in Ho Chi Minh City.

Ha Nam attracted 52 investment projects in the first half, including eleven foreign direct investment (FDI) projects and 41 domestic projects, with capital of $51.07 million and VND3.5 trillion ($153.94 million), respectively.

The number of workers employed at new enterprises totaled 7,728. Most new enterprises are of small and medium size, however, with low charter capital and uncompetitive products. Some have received land but construction progress is slow.

The People’s Committee also held a meeting with enterprises to hear their opinions, recommendations, and solutions on the difficulties they face in the province.

Ideas from enterprises included support in fees, support for women, support in accessing capital, and measures in tax policy and industrial management.

Provincial leaders addressed questions from enterprises and proposed solutions.

Chairman of the Ha Nam Provincial People’s Committee, Mr. Nguyen Xuan Dong, suggested provincial departments receive further opinions and recommendations from enterprises and provide full answers in the shortest possible time.

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