Hung Yen welcomes an additional 760 million USD in foreign investment and 10,000 billion VND in domestic capital

Hung Yen province has just granted 24 domestic and foreign enterprises investment registration certificates and decisions approving investment policies in the province.

At the conference to announce the Hung Yen Provincial Planning for the period 2021-2030, with a vision to 2050, and promote investment on the afternoon of July 7, Hung Yen province granted the decision approving the investment policy of Tho Hoang Industrial Park and granted investment registration certificates to 23 domestic and foreign enterprises.

At the conference, Minister of Planning and Investment Nguyen Chi Dung presented the decision approving the investment policy for the project to build and operate the infrastructure of Tho Hoang Industrial Park. The project covers an area of ​​250 hectares, located in Van Du commune, Xuan Truc commune, Quang Lang commune and An Thi town, An Thi district. The total investment capital of the project is VND 3,095 billion. The investor is An Thi Infrastructure Investment and Development Joint Stock Company.

Minister of Planning and Investment Nguyen Chi Dung (right) presents the decision approving the investment policy to the investor. Photo: TT

Among the projects that were granted certificates this time, there are 2 urban construction investment projects. Specifically, the investment project to build the Central Park and the new urban area of ​​Dong Khoai Chau, with a total registered capital of more than 3,100 billion VND (equivalent to more than 122 million USD), the investor is Sakura Investment and Service Joint Stock Company and the investment project to build the urban area of ​​Minh Hai - Phan Dinh Phung, with a total registered capital of more than 3,200 billion VND (equivalent to nearly 127 million USD), the investor is My Hao Urban Development Joint Stock Company.

The goal of the above urban projects is to build a new urban area with modern architecture, complete synchronous infrastructure with social infrastructure works, economic infrastructure to meet the housing needs of people in the area, workers in industrial parks and other subjects, contributing to social stability; as a driving force to accelerate the socio-economic development process, in order to successfully implement the modernization strategy of Hung Yen province.

Mr. Nguyen Le Huy, Standing Vice Chairman of Hung Yen Provincial People's Committee, presented the investment registration certificate. Photo: TT

With 2 urban projects already implemented, Dai An urban area and Dream City ecological urban area project in Hung Yen province, Mr. Pham Thieu Hoa,   The Chairman of Vinhomes Joint Stock Company - the investor of the two projects above, had positive assessments of Hung Yen right at the conference.

“Infrastructure is being invested heavily by Hung Yen province with the largest number of projects and scale ever such as Ring Road 4, the road project connecting Hanoi - Hai Phong and Cau Gie - Ninh Binh expressways, etc. During the development process, Hung Yen has paid special attention to attracting investors to participate in developing urban infrastructure to solve the housing problem for people, experts, workers as well as high-class entertainment and shopping destinations to improve the quality of life of the province. And we feel secure coming to Hung Yen”, said Mr. Pham Thieu Hoa.

Mr. Pham Thieu Hoa, Chairman of Vinhomes Joint Stock Company, spoke at the conference. Photo: TT

It can be seen that the announcement of the Hung Yen Provincial Planning for the period 2021 - 2030, with a vision to 2050, is of particular importance to the economic and social development of the Province. Domestic and foreign investors have had another support and confidence to continue to "pour capital" into implementing projects in this locality. The projects that have been and will be implemented by investors with capital of up to tens of billions of US dollars will contribute to enhancing the position of Hung Yen, moving quickly, moving far, and moving steadily to become a locality with an increasingly strong economic growth rate.

Among the FDI projects registered for investment in Hung Yen this time, it can be seen that they mainly come from countries such as Singapore, Taiwan, Japan, etc. Specifically: Hung Yen Alpha Logistics Park Joint Stock Company Project, with a total registered capital of more than 114 million USD from investors from Singapore; RFID label production project (using radio waves to read and collect information stored on tags attached to objects) from Taiwan with a total registered investment capital of more than 67 million USD; Investment project to build factories, warehouses, offices and modern, high-quality standard auxiliary works for lease by Singaporean investors (77 million USD); Food production and processing project of Acecook Vietnam Joint Stock Company (87.7 million USD)...

Mr. Vu Quoc Nghi, Head of Hung Yen Industrial Park Management Board, presented the investment certificate to the investor. Photo: TT

This is a clear demonstration of the efforts of Hung Yen provincial leaders in investment promotion, the drastic direction in strongly improving the investment and business environment, enhancing the province's competitiveness as well as the confidence of investors when coming to Hung Yen.

With more than 30 years of investment in Vietnam, General Director of Acecook Vietnam Joint Stock Company, Mr. Kaneda Hiroki said, “Hung Yen province has factors that attract investment such as convenient geographical location, synchronous infrastructure that helps distribute goods to the provinces quickly. In addition, abundant human resources, preferential policies, favorable investment environment, administrative reforms support businesses very effectively. Therefore, Acecook has chosen Hung Yen as a strategic destination to expand production and business activities.”

Mr. Kaneda Hiroki, General Director of Acecook Vietnam Joint Stock Company, speaking. Photo: TT

The exploitation of key and important routes and large land funds has led to the formation of a series of industrial zones and clusters. Along the road connecting Hanoi - Hai Phong highway with Cau Gie - Ninh Binh highway, there are currently many industrial zones and clusters being built and their infrastructures are being completed synchronously.

With a favorable location, adjacent to the road connecting the two highways Hanoi - Hai Phong, Phap Van - Cau Gie, Industrial Park No. 5 has attracted 12 investment projects, including 10 Taiwanese enterprises with a registered capital of about 150 million USD. Mr. Nguyen Tuan, Director of Yen My Industrial Park Investment Joint Stock Company, expressed: "With the advantage of geographical location and good traffic, out of 20 FDI projects granted investment registration certificates this time, there are 5 projects investing in our Industrial Park No. 5. With an area of ​​nearly 200 hectares, the industrial park infrastructure is being completed very quickly, along with preferential policies and utilities, we are always ready to welcome investors to Hung Yen, to us".

Secondary investors are building a factory in Industrial Park No. 5. Photo: Thanh Tan

As a large and fast-growing RFID supplier, Arizon supplied more than 3,000 RFID products in 2023. This time, Arizon invested in building a new factory in Industrial Park No. 5, Hung Yen Province, with an area twice as large as the factory in Yangzhou, China.

Representative of the investor of the RFID label production project, Mr. Ho Yi Da, Chairman of Arizon Technology Co., Ltd. (Vietnam) said: “In the process of searching for a location for the factory, we visited more than 20 countries and territories. With the favorable geographical location of Hung Yen province and the vision of the leaders, along with the support for the semiconductor industry and the practical preferential policies of Industrial Park No. 5, these are the main reasons for choosing Hung Yen as our destination. The RFID label production project in Industrial Park No. 5 of Hung Yen province is expected to have an output of 30 billion products/year”.

Domestic and foreign investors exchange information on the sidelines of the conference. Photo: Thanh Tan

By 2030, Hung Yen aims to have 30 industrial parks, including: 17 industrial parks already in the planning approved by the Prime Minister, 13 new potential industrial parks; with a total area of ​​9,589 hectares. After 2030, 5 more potential industrial parks will be planned with a total area of ​​2,460 hectares.

Quynh Nga

Source: https://baodautu.vn/hung-yen-don-them-760-trieu-usd-von-dau-tu-nuoc-ngoai-va-10000-ty-dong-von-trong-nuoc-d219512.html