Hai Duong's FDI attraction surpasses target

Industrial parks (IPs) in the northern province of Hai Duong have attracted over 293 million USD in foreign direct investment (FDI) since the beginning of 2023, reaching 146.6% of this year’s set target, according to the provincial IP Management Board.

In the first nine months of this year, the province granted investment certificates for 32 new projects with a total registered capital of over 187 million USD, and allowed 21 FDI projects to add nearly 106 million USD to their investment capital.

Meanwhile, domestic direct investment (DDI) topped 3.9 trillion VND (160 million USD).

To achieve these encouraging results, the management board has closely worked with relevant units to create favourable conditions for investors, including reforming administrative procedures in accordance with the ISO 9001:2015 quality management standard system. All administrative procedures under the board's jurisdiction have been published on the board's website and the province's administrative procedure portal.

The board's head Nguyen Trung Kien said they are striving to reduce half of the processing time in handling administrative procedures.

In the time ahead, the management board will continue to collaborate with departments, sectors to advise provincial leaders about development orientations for IPs during 2021- 2023 with vision to 2050, to be integrated in the province’s development master plan. The board will also work with local administration and relevant agencies in ground clearance work to create a clean land fund for investors.

The Prime Minister has approved planning for IP development in Hai Duong, comprising 21 IPs and three expanded complexes with a total area of about 4,508 hectares. So far 17 IPs have been established, of which 12 IPs have been put into operation with a total planning area of 1,650 hectares.

As of September 7, the 12 operational IPs attracted 340 secondary investment projects, including 265 FDI projects from 23 countries and territories with a total registered capital of over 5.17 billion USD and 75 DDI project with a total registered capital of about 11.9 trillion VND, creating jobs for nearly 110,000 labourers.