Ha Nam (VNA) – An official of the northern province of Ha Nam promised optimal conditions, including labour force and infrastructure, for Seoul Semiconductor Co., Ltd from the Republic of Korea (RoK) to run long-term business in the locality.

Vu Dai Thang, Vice Chairman of the provincial People’s Committee, made the pledge at a working session on January 26 with representatives from the RoK firm which is seeking to set up a plant producing semiconductor products and LED lights in the Dong Van I Industrial Park in Ha Nam.

The official highlighted the locality’s consistent investment attraction policy and willingness for cooperation.

Ha Nam will ensure round-the-clock electricity, clean water, waste water treatment, favourable customs procedures, labour force, security and other services for foreign investors, he said.

Representatives from the management board of industrial parks in Ha Nam and relevant departments and agencies provided the RoK business with information regarding electricity, environment, land and foreign exchange rates.

Jo Shuaan, director for strategic planning at Seoul Semiconductor, praised Ha Nam ’s open investment attraction policy and expressed his hope that the locality will help his company with the project’s location.

In 2015, industrial parks in the province attracted 39 projects, 28 of which were from foreign investors with a combined registered investment of 391 million USD.

To date, local industrial parks are home to 230 active projects. Of this figure, 131 were from FDI. Together, they have a total registered investment capital of 1.3 billion USD.

Meanwhile, 99 domestic direct investment projects have a total registered capital of nearly 10 trillion VND (455 million USD).

Currently, the province has eight industrial parks that cover an area of 2,000 ha. The industrial park Dong Van III, which is under construction and geared towards the supporting industries, will apply its own mechanisms and policies. The locality has approved the plans for 18 industrial clusters, covering an area of nearly 500 ha.-VNA