Industrial parks (IP) in the northern province of Ha Nam have so far this year attracted 116 foreign-invested projects totalling over 1.19 billion USD and 94 domestic-funded ones worth 9.5 trillion VND (445 million USD).

According to the provincial IP Management Board, local IPs are currently employing 40,000 labourers, mostly locals whose wage is up to 4 million VND (190 USD) per month.

The IPs have made increasing contribution to the province’s industrial production. Last year, the parks produced 13.14 trillion VND (625 million USD) worth of industrial products, accounting for over 75 percent of the province’s total industrial value, a sharp rise from 6.48 trillion VND (308 million USD) , or 64.5 percent of the provincial total output, in 2011.

Last year, enterprises in the IP contributed over 1.02 trillion VND (48.57 million USD), or 30 percent of the province’s budget revenues.

Tran Xuan Duong, head of the board attributed the high investment attraction result to the province’s strict implementation of commitments to investors. Besides, Ha Nam has also focused on renovating investment promotion methods with direct meetings with businesses keen on investing in the locality, he added.-VNA