Voyages for large investments

Hai Duong province is considered one of 20 localities with the best industrial infrastructure quality in Vietnam and ranks 11^th nationwide in attracting foreign direct investment (FDI), said Secretary of the provincial Party Committee Tran Duc Thang last September.

Thang made the remark at a conference, co-hosted by the provincial authorities and the Consulate General of Vietnam in Houston, Texas, to call for investment from the US to Hai Duong province.

The event drew more than 120 attendees, including a lot of US investors and businesses, many of them discussed and suggested cooperation and investment opportunities with Hai Duong.

The provincial leaders also sent many delegations to Japan, Belgium, the UK, France, etc. for investment promotion, through which, a large number of foreign investors signed memorandums of cooperation on investment in Hai Duong.

The investor of Cong Hoa industrial park (IP) infrastructure in Chi Linh city also promoted investment in China, the Republic of Korea, Japan, etc., established an investment promotion center, prepared video clips and documents in Chinese, Korean, Japanese, etc. to introduce the infrastructure and incentive policies on investment.

By the end of 2023, the IP had attracted six FDI projects with hundreds of millions of dollars in investment, including nearly 54 million USD of Perfect Light Co., Ltd. from China’s Taiwan and 120 million USD of Boviet Hai Duong Solar Science and Technology Co., Ltd.

An Phat 1 IP in Nam Sach district was a bright spot in investment attraction in the province last year.

The IP lured 10 secondary projects (nine FDI and one domestic direct investment projects) with a total investment of about 400 million USD in 2023, most notably a 260 million USD project of Biel Crystal (Singapore) Private Limited.

Hai Duong has great land potential along with synchronous and modern industrial infrastructure and abundant human resources as advantages in attracting investment.

Over the past time, the provincial authorities and specialized bodies have also effectively shortened administrative procedures, creating favorable conditions for investors.

As a result, IPs in the province attracted about 1.23 billion USD in 2023, up more than 900 million USD over 2022 and six times higher than the year’s plan, according to the provincial IPs Authority.

The unit licensed 56 FDI new projects with a total registered investment of over 1 billion USD and approved the addition of around 212.6 million USD to 31 existing projects.

This was the best result of Hai Duong in the past 10 years and the second time the province had lured over 1 billion USD in 35 years of FDI attraction.

DO QUYET – NGUYEN MO