The northern province of Ha Nam can reach its goal of one billion USD in FDI attraction by late 2013, said Nguyen Van Oang, director of the provincial Department of Planning and Investment.

For a locality that only started to attract FDI in the last 6 or 7 years, the expected one billion USD figure is considerable.

It is feasible to obtain this thanks to favourable commitments the province has given to foreign investors, Oang said.

The province pledges to ensure the supply of electricity, human resources as well as security for investment projects. Local leaders are always ready to talk with businesses, joining hands with them to tackle emerging difficulties.

Ha Nam has so far counted more than 130 valid FDI projects worth around 850 million USD. This may exceed the set target if some RoK projects go as schedule.

Among foreign investors operating in the province, Japan posts the highest number with more than 40 projects and nearly 60 percent of the total investment capital. It is followed by those from the Republic of Korea with 16.4 percent; the Netherlands with 7.7 percent; and Singapore with 4.3 percent.-VNA