Hai Duong offers favorable environment for investors

Phase 1 of the construction of An Phat 1 industrial park’s infrastructure has basically completed to welcome investors

Investors are always interested in Hai Duong for its favorable geographical position in the center of the Red River Delta.

This has been proven as the province is one of the leading localities in attracting foreign direct investment (FDI) in Vietnam.

Hai Duong ranks 4th in the region and 11th in the country in terms of FDI attraction with nearly 500 FDI projects and a total capital of over 9 billion USD.

The locality is also the berth of many large projects of domestic investors.

Hai Duong has recently paid attention to building industrial parks (IP) and clusters to draw investors, especially large ones.

Abundant industrial land is a competitive advantage of Hai Duong in attracting investment

Six IPs, covering a total area of more than 1,100 ha, are under construction, and there will be eight more, nearly 1,900 ha in area, in the future aside from 11 active ones.

Each new IP has specific development orientation. The expanded Dai An IP specializes in supporting industries, while Phat 1 IP in Nam Sach district will be a destination for investors in mechanics, manufacturing, consumption, electronics, etc.

The province is also home to 58 industrial clusters with a total area of nearly 3,000 ha.

The arrangement of investment fields will facilitate infrastructure exploitation and management.

Hai Duong was rated as one of 20 localities having the best industrial infrastructure in Vietnam in 2022 by the Vietnam Chamber of Commerce and Industry (VCCI).

Moreover, the province has an abundant local labor force with nearly 950,000 people of working age.

Hai Duong will be a destination for supporting industry projects with plentiful labor resources

Hai Duong has set forth five groups of key tasks to improve the provincial business and investment environment in 2023.

The provincial authorities have also stepped up the reform of administrative procedures, striving to at least halve the time to carry out investment procedures and shorten the processing time of procedures related to production and business, such as business registration, land, environment, tax, and customs to create favorable conditions for businesses.

Hai Duong has plenty of room for investment, said Director of the Department of Planning and Investment Le Hong Dien.

Synchronous measures should be taken, from infrastructure to mechanisms and policies, to impress new investors, Dien noted.

“It is necessary to actively support and accompany existing projects apart from developing new ones for stable and sustainable attraction of investment to the province,” added Dien.

NGUYEN MO