Ten enterprises commit 17 trillion VND in investment to Ha Nam hinh anh 1PM Nguyen Xuan Phuc addresses the conference (Source: VNA)

Ha Nam (VNA) – The authorities of the northern province of Ha Nam signed cooperation agreements with and granted investment certificates to 10 enterprises on a total investment of 17 trillion VND (765 million USD) in the locality at an investment promotion conference on August 6.

Worthy of note is a 300 million USD project invested by the Seoul Semiconductor group from the Republic of Korea.

Also on the occasion, the Bank for Investment and Development of Vietnam (BIDV) pledged 20 trillion VND (900 million USD) in credit for developing infrastructure facility of local industrial parks (IPs) and to support investors in the IPs, particularly those from Japan, the Republic of Korea, Taiwan (China).

The local government and BIDV’s branch in Ha Nam also signed four memoranda of understanding on providing credits, worth a total of nearly 4 trillion VND (180 million USD).

Those were the outcomes of the August 6 conference to promote investment in the locality with the attendance of Prime Minister Nguyen Xuan Phuc and over 400 representatives from international and domestic businesses.

Addressing the event, PM Nguyen Xuan Phuc said Ha Nam’s ten commitments to investors help increase the locality’s attractiveness.

He urged the local authorities to promote the new way of thinking in economic and administrative management, establishing more mechanisms to enhance dialogue with businesses and increase businesses’ access to information.

At the same time, the PM reminded the province to pay heed to protecting the environment and promoting the development of other sectors, including tourism, services, education, training and health care.

The Prime Minister pledged the Government will continue creating a favourable business climate to make Vietnam one of the top investment destinations in the ASEAN.

Ha Nam is among 15 top destinations for investors in the country. As of June this year, the province was home to nearly 600 valid investment projects, worth over 4.95 billion USD.

In 2015, the locality ranked 31st in the provincial competitiveness index (PCI), up from the 45 th position in 2014.-VNA