Ha Nam, 6 August 2016 – The People’s Committee of Ha Nam province collaborated with the Joint Stock Commercial Bank for Investment and Development of Vietnam to organize the largest-scale conference on investment into Ha Nam in 2016.

 

​Vietnamese Prime Minister Nguyen Xuan Phuc and leaders of ministries, agencies, provinces, economists and experts, diplomatic missions, international organizations, financial institutions, media agencies and more than 400 delegates were in attendance.

The conference aims to introduce preferential policies, mechanisms, potential, projects and investment opportunities of Ha Nam province to investors, looking for more investment influx into the province.

Holding a particularly important geographic position in the Red River Delta region, about 50km away from Hanoi, the province has diverse transportation network with nearly 50km of railroad, more than 4,000 km of roads, and 200km of waterways.

The province's GDP growth in the period 2011-2015 averaged at 13.05% annually, and the figure in 2015 was 15.1% - the highest growth rate over the past 6 years. In 2015, the proportion of industry and construction was 58.3%, services 29.1%, agriculture, forestry and fisheries 12.6%. The industrial sector saw high growth with total industrial output value of the past 5 years increased by 21.3% per year, much higher than the overall growth of the country (about 10%). The production in the industrial zones saw an average growth rate of 28.1% annually.

Ha Nam was among top 15 FDI attracting provinces. By the end of June 2016, the province had nearly 600 active investment projects, with registered capital of USD4.95 billion, of which number of FDI projects were 170 with total registered capital of over USD1.78 billion. According to the Provincial Competitiveness Index (PCI) 2015 rankings, Ha Nam ranked 31st, up 14 places from 2014.

Ha Nam has showcased its improvement in the business climate. Mr. Nguyen Xuan Dong – Chairman of Ha Nam province confirmed: “Ha Nam will create favorable conditions for investors through preferential policies on land rental, infrastructure, administrative procedures, handover of cleared land without fee to enterprises for building houses for workers, supporting enterprises in training and recruitment of workers. The province undertakes a consistent policy on investment, promptly handling obstacles and difficulties encountered by investors; ensuring security and social order, creating favorable and liberal investment environment; strengthening the province’s competitiveness to make Ha Nam an alluring destination for investors, workers and visitors”.

Priority areas for investment include supporting and manufacturing industries; products which employ cutting-edge and advanced technology, energy efficiency and reduced environment pollution; promoting mechanicalized and sustainable agriculture, supporting enterprises in investing in high-tech and sustainable agricultural production. The province reserved an area of nearly 1,000 hectares for planting and processing clean, high-value vegetable and fruits; aspiring to become a high-quality hub for medical treatment, human resource training and tourism by 2020.

Addressing the conference, Prime Minister Nguyen Xuan Phuc lauded the Ha Nam province for their efforts in administrative reform and the 10 commitments made by the province’s leaders. The Prime Minister affirmed: “I appreciated that the Ha Nam province and the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) have had fruitful cooperation for years in organizing investment promotion events which were attended by hundreds of investors both local and foreign. This is a good cooperation between a leading commercial bank and a province wishing to develop. I recommend that other provinces study this cooperation model to gain mutual development benefits”.

At the conference, BIDV said it would provide VND20,000-billion loans for key projects in the province, with priority given to infrastructure projects in industrial zones, mechanical engineering, supporting industry, high-tech industry, manufacturing and processing industries, amongst others.

In the framework of the conference, Ha Nam province signed cooperation agreement on socio-economic development for the period 2016 - 2020 with BIDV, signed memoranda of understanding on cooperation with and awarded investment registration certificates and investment approval to 10 enterprises with total investment value of over VND17 billion (including a semiconductor, LED project of Seoul Semiconductor Group (South Korea) in Dong Van 1 with total investment of USD300 million).

Also at the conference, BIDV Ha Nam signed four memoranda of understanding on providing credit worth nearly VND4,000 billion.

BIDV said in the period 2016-2020 it would continue collaborating with Ha Nam province on the socio-economic development, focusing on two main areas namely the planning of Phu Ly city and planning of Ha Nam’s tourism.

In addition to the support for socio-economic development, BIDV has contributed to the social security work in the province. At the conference BIDV awarded 03 ambulances to district hospitals (Ly Nhan, Binh Luc, Duy Tien) totaling VND3  billion, increasing the social security donation to the province to VND35 billion, focusing on health, education, rural development, sustainable poverty reduction.

For more information, please contact

Bank for Investment and Development of Vietnam JSC

Branding and Public Relations

Tel: 04. 22205256;  Fax: 04. 22225316

Website: www.bidv.com.vn