Nam Dinh is ready to welcome a big wave of investment

Nam Dinh is assessed to have high-quality intellectual human resources, helping high-tech industrial production enterprises to easily recruit workers.

Infrastructure breakthrough, with many strategic advantages for investors

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 inter-national 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 time, 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 road - coastal road is being completed, shortening freight transportation 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 the East - West and the North - South completely. The Day - Ninh Co Canal Project (Nghia Hung Canal and Shipyard) will be put into operation from July 2023, helping to connect the northern coastal transport route with the ports on the Day River in Nam Dinh and Ninh Binh through Lach Giang estuary; container ships with a load capacity of 2,000 tons fully loaded and 3,000 tons partially loaded can shorten the travel time from coastal provinces to Ninh Binh to 5 hours compared to before, especially ensuring safety for ships passing through the canal. This waterway plays a major role in creating a “boost” for the maritime economy, including maritime transport in the Nam Dinh area in particular and the Northern Delta economic region in general, 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.

The world economic context is experiencing profound fluctuations, especially the shift of supply chains away from China due to US-China trade tensions. Recognizing the trend of global supply chain shifts, the province has proactively planned and developed a system of industrial parks (IPs) and industrial clusters (ICs) to anticipate investment capital flows. According to the Nam Dinh Provincial Planning for the period 2021-2030, the province will have: 16 IPs with a total area of ​​2,546 hectares; 46 ICs with a total area of ​​2,603.7 hectares. Notably, Hai Long Industrial Park (VSIP Nam Dinh) with a scale of 1,100 hectares, the largest industrial park in the North, was granted the Decision approving the project investment policy by Comrade Dang Khanh Toan, Secretary of the Provincial Party Committee, under the witness of General Secretary To Lam and Prime Minister Lawrence Wong, Secretary General of the Singapore People's Action Party (PAP) during General Secretary To Lam's official visit to the Republic of Singapore. This industrial park will attract a series of multinational corporations and supporting industrial enterprises to invest, forming a sustainable industrial production ecosystem. With a prime location, Nam Dinh's industrial parks and industrial clusters are arranged along the main traffic axes, conveniently connecting with Hanoi and Hai Phong, creating conditions for optimizing the supply chain and industrial production. In particular, during the period when the province is focusing on attracting key industries such as: Supporting industry, processing, pharmaceuticals; High-tech agriculture; Clean production, green industry; Electronics industry, semiconductor components. The development of industries with high added value will help Nam Dinh not only attract investment resources but also improve growth quality, creating a large spillover effect on the local economy.

Ready for a big wave of investment

Along with creating breakthroughs in infrastructure, Nam Dinh is considered a locality that is at the forefront of the country in administrative reform and investment attraction policies. Implementing 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 and the Government's Action Program under Resolution No. 58/NQ-CP dated April 27, 2020 helps to perfect the investment attraction mechanism, especially FDI investment, helping to create a transparent and open business environment, minimizing cumbersome procedures. Along with preferential policies, the province is also determined to improve the business environment to create the most favorable conditions for businesses: Promoting strong administrative reform and optimizing the investment environment; shortening time, reducing costs through administrative procedure reform, creating transparency and convenience for businesses. The provincial authorities are always proactive in coordinating and supporting businesses to remove barriers in the process of site clearance, construction licensing and construction quality management. At the same time, quickly perfecting the organization, establishing the Center for Public Administration Services, Administrative Procedure Control and Investment Promotion of Nam Dinh province on the basis of merging 2 units: 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 to help businesses access information and carry out investment procedures quickly. The Provincial Competitiveness Index (PCI) has continuously increased: In 2023, it reached 66.67 points, approaching the national average, with many clearly improved indicators such as: 0% of businesses have to wait more than a month to complete business registration procedures; clear and transparent procedural instructions; Rapidly enforce economic laws and protect business interests. Resolute administrative reforms have helped 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. The rate of students achieving high prizes in national and international competitions is among the leading groups nationwide; many students achieving high results at the Asian Olympics and International Olympics is a great advantage 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. Besides industry and services, Nam Dinh also has the potential to strongly develop the marine economy. With 72km of coastline, 20,000 hectares of mangroves and a 437.92km long river system, the province has favorable conditions to develop the following sectors: Seaport logistics industry; fisheries economy, seafood processing; marine ecotourism; offshore wind power. In particular, Ninh Co Economic Zone (EZ) with an area of ​​13,950 hectares is planned to become a new growth engine of the province, aiming to develop into a comprehensive economic zone with a system of seaports, industrial parks, and logistics services. This will be the "heart" of marine economic development of the province and the entire Red River Delta. The Prime Minister also suggested that Nam Dinh study sea encroachment, creating space for the development of clean industry, supporting industry and offshore wind power, helping to grasp the global green energy conversion trend. This will be a great opportunity for the province to make a breakthrough in the coming period.

With careful preparation of infrastructure, administrative reform, preferential policies and high-quality human resources, Nam Dinh is ready to welcome a large wave of investment. The imprints from Hai Long Industrial Park (VSIP), Ninh Co Economic Zone and a series of strategic transport projects are creating a new Nam Dinh - an attractive investment destination not only domestically but also on the global FDI attraction map. Along with being ready to welcome a new wave of investment, Nam Dinh confidently enters a new decade of growth, becoming one of the important economic centers of the Northern region.

Article and photos: Thanh Thuy

Source: https://baonamdinh.vn/kinh-te/202503/nam-dinh-san-sang-don-lan-song-dau-tu-lon-66b624a/