HA NAM ACCELERATES IN THE RACE TO ATTRACT FOREIGN INVESTMENT

According to the Management Board of Industrial Parks (MBIP) of Ha Nam Province, as of October 31, 2024, the province hosts 362 FDI projects from various countries and territories, with a total investment capital of USD 6.27 billion.

Among these, there are 89 projects related to China, with a total investment of over USD 2.5 billion. Taiwan accounts for 54 projects, with a total capital of USD 2.19 billion; Mainland China has 16 projects, and Hong Kong has 19 projects, among others.

Explaining Ha Nam’s investment appeal

Located just over 50km from Hanoi, Ha Nam is recognized as the southern gateway to the capital. The province benefits from excellent transportation connectivity via National Highway 1A and the Cau Gie – Ninh Binh Expressway, along with ring roads 3 and 4, forming a perfect network in southern Hanoi.

Ha Nam is also continuously improving its transport infrastructure, including the expedited completion of the Phu Thu Interchange — a modern three-tiered transportation hub expected to be operational by 2025 — and Phase 2 of the Liem Chinh Bridge Project, designed to meet the rising demand for transport when the 68-meter-wide road is fully operational, connecting Duy Tien Town, Phu Ly City, and Thanh Liem District.

The timely upgrading of the transportation network, combined with the attraction of foreign direct investment into industrial parks, has created significant momentum for the province’s real estate market. Residential and land prices have surged in a context where gold prices remain high, and bank deposit interest rates are low, leading many people to choose real estate as their preferred investment channel. Additionally, the demand for industrial land, factories, and ready-built warehouses continues to rise, driving up land rental prices.

However, compared to other areas in the north, Ha Nam’s industrial real estate market remains competitively priced, costing only one-third to two-thirds of neighboring provinces such as Bac Ninh and Bac Giang. This affordability strengthens its appeal and potential for robust development among foreign investors.

Notably, several enterprises from China, Taiwan, and South Korea have invested in Ha Nam, such as Seoul Semiconductor Vina Co., Ltd., Anam Electronics Vietnam Co., Ltd. (South Korea), AVC Technology Co., Ltd., and Wistron Infocomm Co., Ltd. (Taiwan).

Opportunities for industrial park developers

The development of industrial parks with synchronized infrastructure and a favorable business environment will further boost investment in Ha Nam. In addition to the modern industrial parks already established in the province, such as the Dong Van I Expansion Industrial Park (Plaschem Ha Nam Industrial Park Investment and Development Co., Ltd.), Dong Van IV Industrial Park (Viglacera Corporation), and Hoa Mac Industrial Park (Hoa Phat Urban Construction and Development Joint Stock Company), Ha Nam is drafting plans to add new industrial land.

According to Ha Nam’s provincial master plan for 2021–2030, with a vision to 2050, the province plans to establish 10 new industrial parks with a total area of approximately 2,111 hectares. Proposed new industrial parks include Dong Van V and Dong Van VI Industrial Parks (Western Pacific Joint Stock Company) and Kim Bang I Industrial Park (Kim Bang Industrial Park Construction and Development Co., Ltd.).

Ha Nam will align the planning of industrial parks with urban and service areas, aiming to attract high-tech industries with high added value and environmentally friendly practices.

Projects developed and constructed by reputable industrial park investors with years of experience, such as Viglacera, Western Pacific, and Hoa Phat, are designed with synchronized, modern infrastructure aligned with the province’s general orientation. This will create a vibrant industrial ecosystem, build a transparent and professional investment environment, and attract both domestic and foreign businesses to Ha Nam. In turn, thousands of jobs will be created, from general labor to highly skilled workers, increasing income and improving living standards for residents, thereby contributing to the overall economic growth of the province.

Furthermore, reputable investors are expected to bring in a network of partners, clients, and foreign investors, connecting Ha Nam to global value chains and international markets. This will not only enhance the province’s competitiveness but also promote economic and cultural exchanges within the region.