Authorities from the northern province of Ha Nam have promised optimal conditions for the Kolon Industries Group from the Republic of Korea (RoK) to run its business in the locality.
Ha Nam (VNA) ꧃– Authorities from the northern province of Ha Nam have promised optimal conditions for the Kolon Industries Group from the Republic of Korea (RoK) to run its business in the locality.
Vice Chairman of the provincial People’s Committee Pham Sy Loi made the pledge during his working session on March 16 with representatives from the RoK firm which is seeking to set up a 200 million USD plant producing industrial textile for automobile tyres in the Chau Son Industrial Park in Phu Ly city.
The official highlighted local potentials in terms of geographic location, developed infrastructure, human resources, and in particular the local investment attraction policy.
He mentioned potential partners for the RoK group, saying the Sao Vang Rubber Joint Stock Company plans to move its factory from Hanoi to the industrial park.
In 2015, industrial parks in the province attracted 39 projects, 28 of which were foreign invested, with a combined registered investment of 391 million USD.
To date, local industrial parks are home to 230 active projects. Of this figure, 131 were foreign direct invested, with a total registered capital of 1.3 billion USD.
Meanwhile, the remaining 99 domestic projects have a total registered capital of nearly 10 trillion VND (455 million USD).
Currently, the province has eight industrial parks that cover an area of 2,000 ha. The industrial park Dong Van III, which is under construction and geared towards the supporting industry, will apply its own mechanisms and policies. The locality has approved the plans for 18 industrial clusters, spreading over an area of nearly 500 ha.-VNA
Foreign investors from 11 countries and territories have poured 1.4 billion USD into 155 projects in the northern province of Ha Nam so far, heard a meeting in the locality on January 15.
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Illustrative image (Source: VNA)
