Nam Dinh: Attract Investment in Industrial Zones

Nam Dinh: Attract Investment in Industrial Zones

In the past years, Nam Dinh province has created favorable conditions for investors, especially foreign investors to invest in the locality. With the third position in the country in terms of attracting FDI in the first 6 months of 2017, Nam Dinh is stepping up the value chain, strongly promoting the economic restructuring. However, compared to the potential, the amount of foreign direct investment in the province is not commensurate with the potential and expectations.

Investment in VIetnam - According to the assessment of the Management Board of industrial zones in the first nine months of the year, the Management Board has issued new investment registration certificates for 4 investment projects, of which two foreign invested projects with total registered capital of US$ 25.9 million and two domestic invested projects with total registered capital of VND 84.7 billion. One domestic project and five foreign projects adjusted capital, raising the total newly registered capital and in the first nine months of 2017 to US$ 82 million. Up to now, the total number of secondary projects in IZs is 171 projects, of which 37 are foreign ones with registered capital of VND 7,506 billion and US$ 668 million. Industrial production value reached VND 12,100 billion, fulfilling 73% of the year plan, export value was US$ 435 million, gaining 73.8% of the year plan. 36000 laborers are ensured regular jobs with an average income of VND 4.8 million / person / month.

Looking ahead the future, Nam Dinh is concentrating all its resources on investment to create a breakthrough in economic development. Along with industrial development, the province is striving to fulfill the criterion for building new rural area.

In order to further improve the efficiency of attracting investment and development of industrial zones in the province, the Management Board of the industrial zones focuses on speeding up the support and encouraging infrastructure investors of industrial zones to finish synchronously. With the IPs are in progress such as Rang Dong textile industrial zone, My Thuan Industrial Zone, have very convenient location in the regional traffic connection, being very reliable and worth investing. Besides, the province also has many preferential policies for investors in industrial zones such as exemption, reduction of import duty, corporate income tax ... this attracted many investors, especially fastidious ones in the country " "Japan, the United States ... highly appreciated.