Hai Duong makes a breakthrough in attracting investment

Impressive results

In 2023, Hai Duong recorded a remarkable increase in total registered foreign direct investment (FDI) capital, reaching 1.136 billion USD, an increase of 3.1 times compared to the previous year. This is the highest FDI attraction result in the past 10 years and also the second time in 35 years of FDI attraction that the province has exceeded the 1 billion USD threshold. Not only creating an impression in terms of total registered capital, but FDI projects invested in the province are of a fairly large scale, with high technology content, carefully screened and appraised by the province.

While An Phat 1 Industrial Park (Nam Sach) was still in the process of completing technical infrastructure, Singaporean investor Biel Crystal Private Limited researched and proposed to build a factory worth about 260 million USD to produce optical and glass equipment. The investor is a partner of large, reputable brands such as Apple, Samsung, LG... If put into operation, the project will create jobs for about 14,000 local workers. Proposed from the end of September, by the beginning of October, the investor had been granted an investment registration certificate. The investor expressed his impression when the agencies and units guided and quickly implemented the investment process and procedures. This is a relatively large-scale project among 74 new FDI projects invested in Hai Duong in 2023.

2023 is also the year of successful domestic investment attraction (DDI) of the province with a total capital of 11,675 billion VND, an increase of 5.6 times compared to the previous year. The highlight of attracting DDI of the province in the past year is investment in developing industrial technical infrastructure. At the same time, investors simultaneously deployed 5 industrial parks, both creating momentum to promote socio-economic development and fully preparing infrastructure conditions to welcome secondary investors.

Last March, Dai An Industrial Park Infrastructure Development One Member Co., Ltd. added more than VND2,300 billion to implement phase 2 of the Dai An Industrial Park expansion project (Cam Giang). The project covers an area of ​​nearly 228 hectares and will build a traffic system, industrial works, warehouses, production workshops, etc. After only a few months of construction, this industrial park has welcomed an FDI project worth nearly 270 million USD in investment. Deli Group Limited (China) leased more than 21 hectares in this industrial park to build a factory producing stationery, household goods, personal computers, etc. It is expected that each year the factory will supply the market with about 166 million products of all kinds and exercise the rights to export, import and wholesale distribution with a revenue of about 5 million USD/year.

A new feature in Hai Duong's investment attraction in 2023 is that FDI is closely related to DDI. Thanks to the implementation of a number of DDI projects on industrial park and industrial cluster infrastructure, foreign investors are interested in researching and learning about the investment environment in Hai Duong.

Breakthrough fulcrum

To achieve impressive investment attraction results in 2023, Hai Duong has resolutely focused on synchronously implementing solutions to improve the business investment environment and enhance provincial competitiveness.

Over the past year, the role and responsibility of leaders of Party committees and authorities have been clearly promoted in investment promotion. In particular, investment promotion activities have been implemented with focus and key points. Provincial leaders have proactively promoted investment in the US, Japan, France, Belgium, and the UK to promote and introduce the province's investment potential and strengths. Through conferences and meetings with businesses, provincial leaders have directly grasped the thoughts and aspirations and promptly directed and handled the proposals and recommendations of businesses. This shows Hai Duong's goodwill in attracting investment.

Identifying planning as the root and foundation for development and promoting investment attraction, all levels and sectors in the province have urgently and quickly built regional planning, zoning planning, land use planning, etc. and consulted and contributed opinions and viewpoints so that the provincial planning could be completed and approved soon. Thanks to information from the planning, businesses have a basis to research, learn and make investment decisions. In addition, the province has also made efforts to reform administrative procedures, build an optimal and scientific process for receiving and handling investment dossiers. Site clearance and land handover for businesses to implement projects ensure progress and requirements.

The proactiveness and positivity of the Party Committee and the government have created a breakthrough in attracting investment in the province. However, in order for Hai Duong to attract good quality investment capital, it still needs fundamental solutions to remove bottlenecks and bottlenecks, creating a breakthrough.

According to Director of the Department of Planning and Investment Le Hong Dien, creating an open, favorable, transparent and safe investment environment will be a "magnet" attracting investors to Hai Duong. Therefore, it is necessary to create sympathy with investors from the smallest actions so that they can see the province's goodwill. Only then will Hai Duong become a reliable, safe destination and attract investment in the province in a truly effective and sustainable manner, creating a driving force for socio-economic development.

With the recently approved provincial planning, Hai Duong has a clear orientation on the main pillars of industrial development, on key industrial zones. The province has an orientation on the list of investment attraction, investment attraction restrictions... This is the "compass" in attracting investment of the province in the coming time.