Over US$1.3 billion Japanese investment poured into Ha Nam

The Management Board of Industrial Parks in the northern province of Ha Nam on August 30 held a meeting with Japanese enterprises investing in industrial parks in the province.

At the meeting, representatives of the enterprises pointed out their difficulties and made recommendations relating to issues, including land use in the IPs, environmental protection, the province’s investment attraction policy, high quality human resources, social housing projects, infrastructure projects, electricity supply and security in the IPs.

Ryoichi Nakagawa, advisor to Japan Desk Ha Nam, said that Japanese enterprises investing in Ha Nam province highly appreciate the province’s investment environment.

Particularly, provincial leaders, departments, branches and sectors always pay attention to and offer favourable conditions for enterprises to produce and do business.

However, in the IPs, there are still some shortcomings and limitations, he said, expecting that those issues will be addressed effectively soon.

Head of the management board Luu Tran Son said that at present, there are 107 Japanese-invested projects valued at US$1.3 billion, making up one-third of the total number of FDI projects in Ha Nam.

He said that the province’s Dong Van III industrial park is designed to particularly attract investors from Japan. For years, Japanese enterprises are always among investors that make major contributions to the province’s budget.

Listening to Japanese enterprises’ opinions, Son said that in the coming time, the management board will strengthen coordination with departments, agencies, and local authorities to solve the enterprises’ concerns, create favourable conditions for them to stabilize production and business, and expand their operations in the province.

Ha Nam is now home to eight industrial parks, attracting 604 investment projects, including 356 foreign direct investment (FDI) projects worth nearly US$6.18 billion.