Hai Duong makes breakthrough in attracting investment

Hai Duong province recorded 1.136 billion USD in registered foreign direct investment (FDI) in 2023, a sharp increase of 3.1 times over the previous year.

This was the highest amount of FDI in the past 10 years and the second time the province had lured over 1 billion USD in 35 years of FDI attraction.

Biel Crystal (Singapore) Private Limited, the partner of such large and reputable brands as Apple, Samsung, and LG., proposed the building of a factory worth about 260 million USD to manufacture optical and glass equipment in An Phat 1 industrial park (IP) in Hai Duong’s Nam Sach district, when its technical infrastructure was still under construction.

If put into operation, the factory will create jobs for about 14,000 local workers. This is a relatively large-scale project among 74 new FDI ones in Hai Duong in 2023.

2023 was also a successful year for Hai Duong’s attraction of domestic direct investment (DDI) with a surge of 5.6 times against 2022, reaching 11,675 billion VND.

At the same time, investors simultaneously commenced the construction of five IPs, both motivating socio-economic development and fully preparing infrastructure conditions to welcome secondary investors.

Last March, Dai An IP Infrastructure Development One Member Co., Ltd. spent more than 2,300 billion VND carrying out phase 2 of its Dai An IP expansion project in Cam Giang district.

Only several months later, the IP welcomed an FDI project of China’s Deli Group Co., Ltd.

The company hired more than 21 ha in the IP to build a factory worth nearly 270 million USD to produce stationery, household goods, personal computers, etc.

It is expected that the factory will annually provide the market with about 166 million products and exercise the right to export, import, and wholesale distribution with a revenue of around 5 million USD/year.

A new feature in Hai Duong's investment attraction in 2023 is that FDI was closely related to DDI. Foreign investors were interested in learning about the provincial investment environment thanks to the implementation of some DDI projects on the infrastructure of IPs and industrial clusters.

The development of an open, favorable, transparent, and safe investment environment will be a "magnet" to attract investors to Hai Duong, according to Director of the Department of Planning and Investment Le Hong Dien.

DUNG CUONG