In 2023, the leaders of the province, along with industrial park infrastructure investors, actively went abroad to promote investment. As a result, many large and reputable investors have come to Hai Duong.

Proactive Investment Promotion

In September 2023, Hai Duong in coordination with the Consulate General of Vietnam in Houston (USA), chaired and co-organized the Hai Duong Investment Promotion Conference with the theme “Connecting – Cooperating – Accompanying”. The event attracted over 120 participants, including many investors and businesses from the USA operating in various fields.

At the conference, Tran Duc Thang, a member of the Central Committee of the Party, Secretary of the Provincial Party Committee, informed that Hai Duong was rated as one of the top 20 localities in the country with the best industrial infrastructure quality. This is a prominent advantage for Hai Duong to be on the list of attractive investment destinations for foreign enterprises. Currently, Hai Duong ranks fourth in the Red River Delta region and 11th nationwide in attracting foreign direct investment (FDI).

Many US enterprises and investors discussed and raised issues with the leaders of Hai Duong province regarding opportunities for cooperation and investment. Investors also paid special attention to administrative reform, preferential policies, etc., when investing in Hai Duong.

Apart from the USA, Hai Duong’s leaders also organized many groups to promote investment in Japan, Belgium, the UK, France, etc. Through these trips, many foreign investors have signed memorandums of understanding on investment cooperation in Hai Duong.

In 2023, the Cong Hoa Industrial Park (Chi Linh) is one of the three industrial parks in Hai Duong that still has land available for lease to attract investment. To seek large, potential investors, the investors of this industrial park’s infrastructure organized many groups to go abroad to promote investment. “In the meetings with partners from China, Taiwan (China), South Korea, Japan abroad, we provided information and answered investors’ questions,” said Pham Trung Thai, Chairman of the Board of Directors of Vietnam Rubber Urban and Industrial Development Corporation, the investor of this industrial park.

The Cong Hoa Industrial Park also established an Investment Promotion Center, preparing clips and documents translated into Chinese, Korean, Japanese, etc., to promote and introduce infrastructure, investment incentive mechanisms, and policies. By the end of 2023, this industrial park had attracted 6 FDI projects with a total investment of hundreds of millions of USD. Among them, 2 projects have been granted investment registration certificates with a total capital of over 170 million USD. These include the Waffer Technology factory project of Perfect Light Co., Ltd. (Taiwan), with an investment of nearly 52 million USD, and the project to build a solar cell panel manufacturing plant by Boviet Hai Duong Solar Energy Science and Technology Company Limited, with a total investment of 120 million USD.

Surpassing the Milestone of Attracting Over 1 Billion USD

In less than 2 years of operation, An Phat 1 Industrial Park (Nam Sach) has basically filled the area with completed infrastructure in phase 1 and has become a bright spot in attracting investment in the province in 2023. In 2023, this industrial park attracted 10 secondary projects (9 FDI and 1 DDI) with a total investment of about 400 million USD. Most notably is the project of Biel Crystal Technology (Singapore) with a total investment of about 260 million USD.

According to the investor’s representative, in addition to ensuring technical infrastructure, preparing the best conditions to welcome secondary investors, An Phat 1 Industrial Park has also intensified its investment promotion activities; actively participating in cooperation conferences with foreign partners organized by the Government and various ministries and agencies.

Nguyen Trung Kien, Head of the Industrial Parks Management Board of the province, said that proactive investment promotion instead of waiting for investors to come has helped Hai Duong approach large markets with great potential. Through these trips, Hai Duong also gained a better understanding of the needs and desires of FDI enterprises before deciding to invest. These are important factors for Hai Duong to attract many large projects to the industrial parks in 2023. During this time, the province and specialized agencies also effectively implemented the shortening of administrative procedures, facilitating investors. Hai Duong’s potential with a large land fund, along with synchronous, modern industrial infrastructure, and abundant human resources, creates an advantage in attracting investment.

Source: Bao Hai Duong