To select to attract investment projects
To select and prioritize projects that are suitable for the planning and development orientation of industries, sectors and localities, the province has established a strict system of investment attraction criteria. In particular, the province focuses on selectively attracting investment in following important areas: High technology, supporting industry, renewable energy, clean energy, infrastructure development and human resource development, high-tech agriculture; high value-added service industries; sectors that are important for social security, environmental protection and national security... Identifying the improvement of the investment environment as an important task, in recent times, the Provincial Party Committee and the Provincial People's Committee have directed departments and branches to actively carry out solutions to improve the business environment, enhance provincial competitiveness, create favorable conditions for investors to invest in Hung Yen; improve the effectiveness and efficiency of the administrative apparatus; promote the removal of difficulties for businesses. The province has conducted the public and transparent information system on socio-economics, laws, policies, planning, plans, and markets; strengthened the dialogue mechanism, innovated, expanded the method of receiving recommendations and feedback from investors; promptly and thoroughly handled difficulties and problems related to ongoing projects... Up to now, the province has attracted 622 foreign-invested projects with a registered capital of more than 8.56 billion USD. Foreign investors registering to invest in the province come from 23 countries and territories; focusing on the following main industries and fields: Mechanics, metallurgy; machinery and equipment manufacturing; automobile and motorbike manufacturing and assembly; production of electrical, electronic, computer and optical products... Among them, there are many projects with large investment capital such as: Toto factory project of Toto Vietnam Co., Ltd. with a total registered investment capital of 160 million USD; polarizing film production project of Nitto Vietnam Co., Ltd. with a total registered investment capital of 132 million USD; food production project of Acecook Vietnam Joint Stock Company with a total registered investment capital of about 88 million USD,...
The infrastructure of the Clean Industrial Park in Khoai Chau and An Thi districts is being invested synchronously, creating attraction for foreign investors
Currently, the province focuses on building and perfecting mechanisms and preferential policies to support investment attraction in building infrastructure for industrial parks (IPs), industrial clusters (ICs) and attracting secondary investors to invest in production and business in IPs and ICs; paying attention to creating favorable conditions for large investors from the US, EU, Japan, Korea, Singapore as well as large corporations to come and learn about the investment environment. Comrade Nguyen Duc Tai, Director of the Department of Finance, said: In the past time, the Department of Finance has coordinated with the Department of Industry and Trade, the Provincial Industrial Park Management Board and related departments and branches to implement documents directed by the Central Government on attracting foreign investment, proactively strengthened measures to overcome the situation of thin capital, transfer pricing, illegal investment, and investment under the guise of foreigners in the area. For projects using outdated technology, potentially causing environmental pollution, resource-intensive, they are not considered, expanded, or extended in operation... Up to now, out of a total of about 500 foreign-invested projects operating in the province, about 450 projects are operating effectively, accounting for 90% of the total number of projects.
From 2019 to now, the contribution of foreign-invested enterprises to the provincial budget has reached more than 17 trillion VND. The projects put into production and business have created jobs for about 75 thousand workers with an average income of about 10 million VND/person/month. Mr. Ho, Yi-Da, Chairman of Arizon Technology Company Limited (Vietnam) headquartered in Industrial Park No. 05 (An Thi) said: Hung Yen province has many factors to attract investment such as convenient geographical location, abundant human resources, preferential policies, favorable investment environment; reformed administrative procedures, effective business support... To expand business in the future, meet the increasing demand of consumers and achieve the goal of sustainable development, the company has implemented a new factory project in Hung Yen province with a total investment of about 67 million USD. After coming into operation, the capacity of the factory in Hung Yen is expected to reach 30 billion products per year.
Along with preferential policies performance, the province is also determined to improve the business environment. Along with that, the provincial and local authorities have always proactively coordinated and supported businesses in removing barriers in the process of site clearance, construction licensing and construction quality management... Thereby, the province has achieved impressive investment attraction results with projects bringing high added value, contributing to increasing budget revenue and boosting socio-economic development.
