From just five industrial parks (IPs) approved in 2002 with a combinedarea of 440 ha, the northern province of Hai Duong has to date had 18IPs covering a total area of 3,710 ha, according to the Vietnam BusinessForum Magazine (VBF).
IPs in Hai Duong province are exerting astrong pull on domestic and international investors, thus playing anincreasingly important part in the province’s economic development.
Asa part of the northern key economic triangle connected to other regionswith artery traffic routes like National Highways 5, 18, 37 and 38B andHanoi - Haiphong Railway, Hai Duong province has great competitiveadvantages to form IPs.
Immediately after being planned, its IPshave attracted many infrastructure developers with powerful financialcapacity like Dai An Joint Stock Company and Nam Quang InfrastructureInvestment and Development Joint Stock Company.
To support IPsto develop, the province has used all its resources to buildsynchronised infrastructure systems and facilities to the fence of IPs,including traffic routes, power grid, water supply systems andcommunication systems.
Hai Duong has also attached muchimportance to reforming administrative procedures and creating afriendly investment environment. The province has introduced a separatepriority mechanism for companies investing in IPs.
Administrativeprocedures are solved quickly with the single-window and one-stopsource mechanism to create the best conditions for investors when theyconduct investment procedures and carry out their projects. Localauthorities actively supervise and inspect investment projects andprovide support to deal with emerging difficulties to put their projectsinto operation as scheduled.
Therefore, despite in the contextof global economic downturn, in addition to fresh projects, investorshave also scaled up their investment to expand production, upgradeequipment and production lines, enhance product quality, and enlargemarkets.
In 2013, the Hai Duong Industrial Zones Authoritygranted investment certificates to 18 new projects, including 15foreign-invested projects and three domestic projects, and replacedinvestment certificates for 58 projects, including 12 foreign-ledprojects. Foreign investors invested 747 million USD, both fresh andadded capital, and domestic investors pooled 508.8 billion VND (25million USD).
In 2013, the amount of investment capitalattracted into IPs increased 38 percent over 2012 and surpassed theannual plan by 50 per cent. The number of projects adding theirinvestment capital rose 62 percent over 2012 and the expected plan. Theamount of foreign capital in the year surged 7.9 times over 2012 and 7.4times against the plan, while the amount of domestic direct investmentequaled 95.7 percent of the value in 2012, but soared 5 times againstthe plan.
IPs have contributed importantly to attractinginvestment capital, expanding exports, increasing State budget revenues,generating employment, accelerating economic restructuring, raisingproduction levels, and enhancing product competitiveness.
Sofar, 176 projects and one representative office, includinginfrastructure developers, registered to invest over 3 billion USD intoIPs. In 2013, investors disbursed 274 million USD for their projects,bringing their accumulated disbursement to over 1.8 billion USD. Tenantsin IPs are now employing approximately 70,000 workers, including 69,400domestic workers and 600 foreigners).
In the coming time, HaiDuong province will continue to develop a synchronous infrastructuresystem, effectively manage approved IPs, and urge infrastructuredevelopers to carry out their projects as scheduled.
Theprovince will also step up investment promotion and improve theinvestment environment to attract new, large-scale projects usingadvanced technologies, developing supporting industries, manufacturingexports - particularly apparels, electrical, electronic,telecommunications equipment and cables. The locality will alsointensify inspection and guidance for tenants in industrial parks.-VNA
IPs in Hai Duong province are exerting astrong pull on domestic and international investors, thus playing anincreasingly important part in the province’s economic development.
Asa part of the northern key economic triangle connected to other regionswith artery traffic routes like National Highways 5, 18, 37 and 38B andHanoi - Haiphong Railway, Hai Duong province has great competitiveadvantages to form IPs.
Immediately after being planned, its IPshave attracted many infrastructure developers with powerful financialcapacity like Dai An Joint Stock Company and Nam Quang InfrastructureInvestment and Development Joint Stock Company.
To support IPsto develop, the province has used all its resources to buildsynchronised infrastructure systems and facilities to the fence of IPs,including traffic routes, power grid, water supply systems andcommunication systems.
Hai Duong has also attached muchimportance to reforming administrative procedures and creating afriendly investment environment. The province has introduced a separatepriority mechanism for companies investing in IPs.
Administrativeprocedures are solved quickly with the single-window and one-stopsource mechanism to create the best conditions for investors when theyconduct investment procedures and carry out their projects. Localauthorities actively supervise and inspect investment projects andprovide support to deal with emerging difficulties to put their projectsinto operation as scheduled.
Therefore, despite in the contextof global economic downturn, in addition to fresh projects, investorshave also scaled up their investment to expand production, upgradeequipment and production lines, enhance product quality, and enlargemarkets.
In 2013, the Hai Duong Industrial Zones Authoritygranted investment certificates to 18 new projects, including 15foreign-invested projects and three domestic projects, and replacedinvestment certificates for 58 projects, including 12 foreign-ledprojects. Foreign investors invested 747 million USD, both fresh andadded capital, and domestic investors pooled 508.8 billion VND (25million USD).
In 2013, the amount of investment capitalattracted into IPs increased 38 percent over 2012 and surpassed theannual plan by 50 per cent. The number of projects adding theirinvestment capital rose 62 percent over 2012 and the expected plan. Theamount of foreign capital in the year surged 7.9 times over 2012 and 7.4times against the plan, while the amount of domestic direct investmentequaled 95.7 percent of the value in 2012, but soared 5 times againstthe plan.
IPs have contributed importantly to attractinginvestment capital, expanding exports, increasing State budget revenues,generating employment, accelerating economic restructuring, raisingproduction levels, and enhancing product competitiveness.
Sofar, 176 projects and one representative office, includinginfrastructure developers, registered to invest over 3 billion USD intoIPs. In 2013, investors disbursed 274 million USD for their projects,bringing their accumulated disbursement to over 1.8 billion USD. Tenantsin IPs are now employing approximately 70,000 workers, including 69,400domestic workers and 600 foreigners).
In the coming time, HaiDuong province will continue to develop a synchronous infrastructuresystem, effectively manage approved IPs, and urge infrastructuredevelopers to carry out their projects as scheduled.
Theprovince will also step up investment promotion and improve theinvestment environment to attract new, large-scale projects usingadvanced technologies, developing supporting industries, manufacturingexports - particularly apparels, electrical, electronic,telecommunications equipment and cables. The locality will alsointensify inspection and guidance for tenants in industrial parks.-VNA
