Efforts to improve the business environment
Currently, Nam Dinh is considered a leading locality nationwide in administrative reform and investment attraction policies. The implementation of strategic plans such as Plan No. 73-KH/TU of the Provincial Party Committee and Plan No. 75/KH-UBND of the Provincial People's Committee, in line with the spirit of Resolution No. 50-NQ/TW dated August 20, 2019, of the Politburo on the orientation for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation until 2030, along with the Government's Action Program under Resolution No. 58/NQ-CP dated April 27, 2020, has contributed to perfecting the investment attraction mechanism. In particular, attracting FDI has helped create a transparent and open business environment, minimizing cumbersome administrative procedures.
Alongside preferential policies, the province is also resolutely improving the business environment to create the most favorable conditions for enterprises. Specifically, this includes promoting strong administrative reforms and optimizing the investment environment; shortening time and reducing costs through administrative procedure reforms, creating transparency and convenience for businesses. Provincial authorities always proactively coordinate and support businesses in removing obstacles in land clearance, construction permitting, and project quality management.
Simultaneously, the organization was quickly streamlined, establishing the Nam Dinh Provincial Center for Public Administrative Services, Administrative Procedure Control, and Investment Promotion by merging two units: the Nam Dinh Provincial Center for Public Administrative Services, Investment Promotion, and Business Support and the Administrative Procedure Control Department under the Provincial People's Committee Office. This helped businesses access information and complete investment procedures quickly. The Provincial Competitiveness Index (PCI) continuously increased.
In 2023, Nam Dinh achieved a score of 66.67, close to the national average, with many indicators showing significant improvement such as: 0% of businesses having to wait more than a month to complete business registration procedures; clear and transparent procedural guidance; and swift enforcement of economic laws, effectively protecting business rights. The decisive administrative reforms have helped Nam Dinh become an attractive destination for domestic and foreign investors, especially businesses from the US, EU, Japan, South Korea, and Singapore.
Nam Dinh not only possesses advantages in geographical location, infrastructure, and policies, but also has an abundant and high-quality workforce with a population of 2.23 million people, of which 72.1% have received training. With a tradition of consistently ranking among the top in the country for educational quality for 30 years, Nam Dinh has a leading rate of students winning high awards in national and international competitions; many students have achieved high results at the Asian and International Olympiads. This is a significant advantage in developing a knowledge-based economy and high-tech industry, making it easier for Nam Dinh to attract high-tech businesses, large-scale manufacturing and production companies, meeting the demand for quality human resources from domestic and foreign corporations.
Modern infrastructure to attract investment.
During the 2020-2025 term, Nam Dinh focused its resources on developing a series of key transportation projects, significantly improving inter-regional and international connectivity. This is a decisive factor in making the locality a new investment attraction center. A series of vital roads have been built and upgraded, shortening travel time and strengthening links with major economic centers such as Hanoi, Hai Phong, Quang Ninh, and other provinces in the Red River Delta region.
Key projects include: the coastal road; the development axis connecting the coastal economic zone with the Cau Gie - Ninh Binh expressway; the new Nam Dinh - Lac Quan - coastal road, which is nearing completion, shortening freight transport time, reducing logistics costs, and creating momentum to promote coastal industries. The Ha Nam - Nam Dinh (CT.11) and Ninh Binh - Nam Dinh - Thai Binh - Hai Phong (CT.08) expressways, soon to be started, will bring Nam Dinh into the national expressway network, connecting East-West and North-South in a complete manner. The Day - Ninh Co connecting canal project (Nghia Hung Canal and Lock) will be operational from July 2023, helping to connect the northern coastal transport route with the ports on the Day River in the Nam Dinh and Ninh Binh areas via the Lach Giang estuary; Container ships with a carrying capacity of 2,000 tons fully loaded and 3,000 tons partially loaded can shorten travel time by up to 5 hours between coastal provinces and Ninh Binh and vice versa compared to before, especially ensuring safety for ships passing through the canal.
This waterway plays a crucial role in boosting the maritime economy, particularly maritime transport in Nam Dinh province and the Northern Delta region, with forecasts predicting a rapid increase in cargo volume as Nam Dinh welcomes a wave of large-scale investment from numerous FDI enterprises and projects. With its modern transportation infrastructure, it not only facilitates investment in manufacturing but also has the potential to become a major cargo transshipment hub in the region.
Most recently, the People's Committee of Nam Dinh province issued Decisions No. 881/QD-UBND and 882/QD-UBND approving the investment policy and selecting investors to implement two industrial park projects: Minh Chau Industrial Park - Phase 1 (Nghia Hung district) and Xuan Kien Industrial Park - Phase 1 (Xuan Truong district).
The Minh Chau Industrial Park has a total investment of over VND 1,259 billion (of which the investor contributes VND 220 billion). The project is expected to commence in Q1 2026 and have its entire infrastructure completed by Q3 2027. This industrial park is envisioned to become a center for clean industrial production, supporting industries, and high technology.
Meanwhile, the Xuan Kien Industrial Park has a total investment of approximately VND 1,245 billion (of which the investor contributes VND 249 billion). The project is expected to commence in Q1 2026 and have all infrastructure completed by Q1 2028.
Both industrial parks are licensed to operate for a period of 50 years. They are also oriented towards development according to a modern, green, and sustainable industrial park model, including facilities serving the lives of workers such as: worker housing, schools, public utility services, etc. This is expected to help expand development space and create an important foundation for realizing the goal of becoming a moderately developed industrial province in the Red River Delta by 2030.
Source: https://daibieunhandan.vn/nam-dinh-don-song-dau-tu-post409989.html
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