Ha Nam (VNA) – The northern province of Ha Nam on January 18 granted an investment licence to Japan’s Fuji Engineering Vietnam Co., Ltd to build houses and launch services for Japanese experts and labourers at the Dong Van I Industrial Park in Duy Tien district.

Covering an area of 11,500 sq.m, the three buildings will cost 10 million USD. The project includes three phases, with the first to last until December this year.

Nguyen Xuan Dong, Chairman of the provincial People’s Committee, pledged the best possible conditions for investors in the locality, including Fuji Engineering Vietnam.

Ha Nam will ensure round-the-clock electricity, clean water, waste water treatment, favourable customs procedures and security, and other services in the industrial park, he said.

Fukuda Yasuo, General Director of Fuji Engineering Vietnam, said he hopes the province will continue to create optimal conditions so his company can ensure the progress and efficiency of the project.

Ha Nam boasts eight industrial parks with a total area of 2,000 hectares. Of these, four are now operational. Local authorities intend to develop 18 industrial clusters covering a total of 500 ha.

Foreign investors from 11 countries and territories have poured 1.4 billion USD into 155 projects in Ha Nam province so far.

Local authorities granted investment licences to 35 foreign-invested projects in 2015. FDI firms have contributed over 320 billion VND (14.4 million USD) to the State budget, making up 17.18 percent of the province’s budget collection.

The province plans to attract 180 trillion VND (8 billion USD) in investments between 2016 and 2020.-VNA