Sign up | Log in



Home  >>   Daily News  >>Vietnam>>Investment>>Ha Nam gets $760m investment at conference
NEWS UPDATES Asean Affairs     August 9,  2016  

Ha Nam gets $760m investment at conference

HA NOI – Ten enterprises have received approval from and have signed co-operation agreements with the northern Ha Nam Province’s People’s Committee to invest VNĐ17 trillion (US$758.9 million) there.

Notably, a $300-million LED (light emitting diode) component production project in the Đồng Văn 1 Industrial Zone, in which the Korea’ Seoul Semiconductor has invested, is one of the planned projects.

The province also signed a socio-economic development co-operation agreement for the 2016-2020 period with the Bank for Investment and Development of Viet Nam (BIDV).

Under the agreement, BIDV pledged to give VND20 trillion ($893 million) to fund key projects in the province such as for developing infrastructure facilities of local industrial zones (IZs) and to support investors in the IZs, especially those from Japan, South Korea and Chinese Taipei.

To realise the agreement, the BIDV’s branch in Hà Nam and the local government signed four memoranda of understanding on providing funds amounting to nearly VNĐ4 trillion ($178.6 million).

These were the outcomes of the conference held to promote investment in the locality on Saturday, which was attended by Prime Minister Nguyễn Xuân Phúc and more than 400 representatives of international and domestic businesses.

This was the largest-ever conference held in the province to invite domestic and foreign investment in three sectors: industry, advanced technological applications in agriculture, and trade-services-tourism.

At the meeting, Vu Dai Thang, vice chairman of the provincial People’s Committee said that the local authorities determined to improve the business environment by making 10 commitments, such as to supply enough electricity, streamline administrative procedures so as to grant investment certificates within three days and provide land free of charge to enterprises to build houses for workers.

They also promised to establish hotlines to provincial Party Committee Secretary and the People’s Committee Chairman to receive information and complaints from enterprises.

Addressing the event, PM Phúc said he appreciated the provincial leaders’ 10 commitments, and asked the local authorities to promote the new way of thinking in economic and administrative management, establish more mechanisms to enhance dialogue with businesses and to increase businesses’ access to information.

The PM said the province should pay attention to protecting the environment and promoting the development of other sectors, such as tourism, services, education and training, besides healthcare.

The prime minister said the Government would continue to create a favourable business climate to make Viet Nam one of the top investment destinations in the ASEAN.

Ha Nam is among the 15 top destinations for investors in the country. As of June this year, the province was home to nearly 600 valid investment projects, worth more than $4.95 billion.

In 2015, the locality ranked 31st in the provincial competitiveness index (PCI), up from 45th in 2014. – VNS

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           August  9, 2016 Subsribe Now !
• Cambodian economy buoyant, but challenges abound Subcribe: Asean Affairs Global Magazine
• Ha Nam gets $760m investment at conference
• Indonesia hopes Ukraine will invest locally in wheat 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• ‘Companies must set aggressive targets to reduce pollution’
• PM urges Ha Nam to use hi-tech agriculture 
Asean Analysis                  August 5, 2016
• Asean Analysis August 5, 2016
A Quick but Concerning Start to the Duterte Presidency
Advertise Your Brand

Asean Stock Watch   August  8, 2016

• Asean Stock Watch-August 8, 2016
The Biweekly Update
• The Biweekly Update  August 5, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Indonesia  to launch 13th economic package this month

Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.

Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.

"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand