Nam Dinh welcomes investment wave

Efforts to improve the business environment

Currently, Nam Dinh is considered a leading locality in the country 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 the spirit of Resolution No. 50-NQ/TW dated August 20, 2019 of the Politburo on orientations for perfecting institutions and policies, improving the quality and effectiveness of foreign investment cooperation by 2030, together 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 capital has helped create a transparent and open business environment, minimizing cumbersome administrative procedures.

Along with preferential policies, the province is also determined to improve the business environment, in order to create the most favorable conditions for enterprises. Specifically, such as promoting strong administrative reforms and optimizing the investment environment; shortening time, reducing costs through administrative procedure reform, creating transparency and convenience for enterprises. The provincial authorities are always proactive in coordinating and supporting enterprises to remove barriers in the process of site clearance, construction licensing and construction quality management.

At the same time, quickly consolidate the organization, establish the Center for Public Administration Services, Administrative Procedure Control and Investment Promotion of Nam Dinh Province on the basis of merging 2 units: the Center for Public Administration Services, Investment Promotion and Enterprise Support of Nam Dinh Province and the Administrative Procedure Control Department under the Office of the Provincial People's Committee, helping enterprises access information and carry out investment procedures quickly. The Provincial Competitiveness Index (PCI) continuously increases.

Nam Dinh is about to have 2 more industrial parks. Source: Nam Dinh Newspaper

In 2023, it will reach 66.67 points, approaching the national average, with many indicators clearly improving such as: 0% of businesses have to wait more than a month to complete business registration procedures; clear and transparent procedural instructions; fast economic law enforcement, good protection of business rights. The drastic administrative reform helps Nam Dinh become an attractive destination for domestic and foreign investors, especially businesses from the US, EU, Japan, Korea and Singapore.

Nam Dinh not only has advantages in terms of geographical location, infrastructure and policies, but also has abundant and high-quality human resources with a population of 2.23 million people, with 72.1% of the workforce having been trained. With a tradition of 30 consecutive years of being in the leading group nationwide in terms of education quality; Nam Dinh has a high rate of students achieving high prizes in national and international competitions among the leading groups nationwide; many students achieving high results at the Asian Olympics and International Olympics are great advantages in developing a knowledge-based economy and high-tech industry, helping Nam Dinh easily attract high-tech enterprises, large-scale manufacturing and production industries, meeting the requirements of quality human resources for domestic and foreign corporations.

Modern infrastructure to catch investment waves

During the 2020 - 2025 term, Nam Dinh has focused resources on developing a series of key transport projects, helping to significantly improve inter-regional and international connectivity. This is the decisive factor in turning the locality into a new investment attraction center. A series of key routes have been built and upgraded to help shorten transportation times and strengthen connections with major economic centers such as Hanoi, Hai Phong, Quang Ninh and provinces in the Red River Delta.

Important projects include: Coastal road; development axis connecting the marine economic zone with Cau Gie - Ninh Binh expressway; new Nam Dinh - Lac Quan - coastal road is being completed, shortening freight transport time, reducing logistics costs, creating momentum to promote coastal industry. The Ha Nam - Nam Dinh expressway (CT.11) and Ninh Binh - Nam Dinh - Thai Binh - Hai Phong expressway (CT.08) are about to start construction, bringing Nam Dinh into the national expressway network, connecting East - West and North - South completely. The Day - Ninh Co canal project (Nghia Hung Canal and Shipyard) will come into operation from July 2023, helping to connect the northern coastal transport route with ports on the Day River in Nam Dinh and Ninh Binh through Lach Giang estuary; Container ships with a capacity of 2,000 tons fully loaded and 3,000 tons partially loaded can shorten the journey time from coastal provinces to Ninh Binh and vice versa to 5 hours compared to before, especially ensuring safety for ships passing through the canal.

This waterway plays a role in creating a big "boost" for the marine economy, including maritime transport in the Nam Dinh area in particular and the prosperous Northern Delta economic region, with the forecast that the volume of transported goods will increase rapidly in the near future as Nam Dinh is welcoming a large wave of investment with a series of FDI enterprises and projects. With modern transport infrastructure, it not only creates conditions to attract investment in production but also has the potential to become a major freight transit center in the region.

Most recently, the People's Committee of Nam Dinh province issued two Decisions No. 881/QD-UBND and 882/QD-UBND approving the investment policy and selecting investors to implement two industrial park projects: Minh Chau - Phase 1 (Nghia Hung district) and Xuan Kien Industrial Park - Phase 1 (Xuan Truong district).

Minh Chau Industrial Park has a total investment of more than 1,259 billion VND (of which the investor contributes 220 billion VND). The project is expected to start construction in the first quarter of 2026 and complete the entire infrastructure system in the third quarter of 2027. This industrial park is oriented to become a center for clean industrial production, supporting industry and high technology.

Xuan Kien Industrial Park has a total investment of about 1,245 billion VND (of which the investor contributes 249 billion VND). It is expected that the project will start construction in the first quarter of 2026 and complete all infrastructure in the first quarter of 2028.

Both of the above industrial parks are licensed to operate for a period of 50 years. Here, it is also oriented to develop according to the model of a modern, green and sustainable industrial park, including works serving the lives of workers such as: Workers' housing areas, schools, public utility services... This is expected to help expand the development space, creating an important premise to realize the goal of becoming a fairly developed industrial province of the Red River Delta by 2030.

Duong Le

Source: https://daibieunhandan.vn/nam-dinh-don-song-dau-tu-post409989.html