In recent years, Hai Duong has actively improved its investment environment and has made many notable achievements in socio-economic development, becoming an attractive destination for FDI investors.
According to the Investment Management Office (of the Hai Duong Industrial Zones Authority), from the beginning of the year to November 12th, the industrial zones in the province attracted $889.16 million in foreign direct investment (FDI), nearly 4.5 times the year’s plan.
The Industrial Zones Authority of the province has issued investment registration certificates for 45 new FDI projects with a total investment capital of $771.39 million. Additionally, investment capital has been increased for 26 FDI projects, with a total additional capital of $117.77 million.
Some industrial zones that have attracted many new FDI projects include Dai An expansion, An Phat 1, Luong Dien – Cam Dien, and Lai Cach. To date, the industrial zones in the province have attracted 278 secondary FDI projects from 23 countries and territories with a total registered investment capital of about $5.87 billion.
According to Mr. Trieu The Hung – Chairman of the Hai Duong People’s Committee, to date, the area has received $889.16 million in foreign direct investment from nearly 30 countries and territories, ranking fourth in the Red River Delta region and 11th in the country. The focus has been mainly on the processing and manufacturing industry with 437 projects, totaling $8.6726 billion, accounting for 94% of the registered capital; the service sector has 42 projects with a capital of $316.2 million, accounting for 3.4% of the total registered capital; the agricultural sector has 17 projects with a capital of $226.9 million, accounting for 2.6% of the total registered capital.
With advantages in capital, technology, technical expertise, and experience in business, FDI enterprises in the province are leading in exports, international economic integration, and creating new products for locally manufactured goods.
From 2018-2022, the export turnover reached $35.453 billion, accounting for 84.8% of the province’s export turnover. Besides, FDI enterprises have been a bright spot in contributing to the provincial budget, consistently accounting for about 30% of the local budget revenue each year. In 2022 alone, despite economic and pandemic challenges, foreign-invested enterprises contributed nearly 5,000 billion VND, exceeding 157% of the plan assigned…
It is known that to date, Hai Duong’s legal and administrative system has been regularly reviewed and perfected, ensuring transparency and accessibility for investors. Integrating into the race of digital transformation among provinces, Hai Duong aims to build an electronic government, and by 2025, 80% of the province’s administrative procedures will be at level 4. Moreover, amidst the impacts of the COVID-19 pandemic, the provincial leaders have been closely supporting businesses. Currently, Hai Duong is implementing decisive solutions to quickly recover business production and ensure the livelihood of the people. The province focuses on administrative reform, guiding and urging investors to complete investment, land, and construction procedures to create the fastest conditions for investors when implementing projects in Hai Duong.
It is known that in the growth target for the period of 2021-2025, Hai Duong will increase the supply of quality industrial real estate. According to the Hai Duong Department of Planning and Investment, in the period 2021 – 2030, the locality will develop 15 more industrial parks, and 50 industrial clusters, with a total area of nearly 10,000 hectares. Notably, the Hai Duong province has planned a dynamic industrial region at a location only 25 minutes from Hanoi by the Hanoi-Hai Phong highway, with a total area of 10,000 hectares, including 5,000 hectares of industrial land, 2,000 hectares for urban, service, and logistics.
In just the first 9 months of 2023, Hai Duong attracted $343 million in industrial FDI. The FDI investment capital in Hai Duong is relatively uniform, averaging $10 million/project. FDI projects mainly focus on the manufacturing industry, accounting for 99.3% of the total investment capital. The main industries attracting investment in Hai Duong include high-tech products, electronic products, garment manufacturing, agricultural export, mechanical manufacturing serving production, and various types of car assembly… Hai Duong is also in the process of proposing the Government to establish an economic zone in the districts of Binh Giang and Thanh Mien with many incentives.
Contributing to Hai Duong, Mr. Kim Sungsoo, General Director of Hyundai Kefico Vietnam Co., Ltd. – an enterprise that has adjusted its investment capital in Hai Duong three times – stated: “Regarding investment attraction orientation, Hai Duong province needs to ensure the best infrastructure to compete with neighboring provinces and cities. At the same time, provide legal support, quickly resolve administrative procedures, labor management; support foreigners to add more attractive conditions, encouraging foreign investors to invest in the province.”
To increase its attractiveness, not only do the authorities strive to improve the investment environment and enhance promotion activities, but the infrastructure-investing businesses themselves also need to change and adjust to increase their appeal. One such enterprise that is making changes is Dai An Joint Stock Company. Recently, the Hai Duong Industrial Zones Authority issued an investment registration certificate to Deli Group Limited (China) for a project of nearly 6,500 billion VND in the expanded Dai An industrial zone.
Deli Group Limited rents more than 21 hectares in expanded Dai An industrial zone (Cam Giang) to build a factory producing office supplies, household items, personal electronic computers, photocopiers, document shredders, plastic presses; rubber processing; production and processing of rubber materials and some rubber products… It is expected that each year the factory will supply about 166 million products of various types to the market and carry out the rights to export, import, and wholesale distribution with a turnover of about 5 million USD/year.
According to the Industrial Zones Authority of the province: Recently, the BQL has actively shortened administrative procedures. The licensing process for new projects has been reduced to 5-10 days instead of the regulated 15 days; 100% of administrative procedures are resolved on time. The Board also regularly coordinates with departments, branches, and sectors to directly solve difficulties and problems for investors…
In the future, to promote the attraction and enhance the efficiency of exploiting and maximizing FDI capital, the province prioritizes attracting FDI capital into high-tech fields, smart technology, the biotech industry, new materials, processing and manufacturing industry, and supporting industries; prioritizing investment attraction into sectors and projects with high added value, using less land, and environmentally friendly.
Source: Trung Thanh – diendoandoanhnghiep.vn