MANY PROSPECTS
Hainan Drinda New Energy Technology Co., Ltd. is a company specializing in the production of high-performance photovoltaic cells in China, currently with 3 factories located in the provinces of Jiangxi, Anhui, and Jiangsu. In its development strategy, Hainan Drinda Company has chosen the Southeast Asian market as its focus. After surveying many countries, the company decided to choose Vietnam and signed a memorandum of understanding with Hoang Thinh Dat Joint Stock Company to invest in a project to produce high-performance solar panels in Hoang Mai II Industrial Park (Hoang Mai town - Nghe An).
Deputy General Director of Hainan Drinda New Energy Technology Co., Ltd., Mr. Chau Tieu Huy emphasized that the company plans to rent about 58 hectares in Hoang Mai II Industrial Park to implement the project of investing in a high-efficiency solar panel factory, with a designed capacity of 14GW, with a total expected investment capital of 450 million USD. At Hoang Mai II Industrial Park, the company will use the most modern and advanced technology in the world; it is expected to employ more than 4,000 workers and aims to put the factory into operation in December 2024. In addition, the company will have additional suppliers in the ecosystem participating in the investment.
Vice Chairman of the Provincial People's Committee Bui Thanh An emphasized: Nghe An province highly appreciates the investment project of Hainan Drinda New Energy Technology Co., Ltd. in producing high-efficiency solar panels. The company's project will help Nghe An province in particular and Vietnam in general promote the transition to using renewable energy, clean energy, and new energy, contributing to realizing the goal of net zero emissions by 2050 as Vietnam has committed.
Nghe An province has the presence of large electronics and energy corporations such as Luxshare, Foxconn, Goertek, Shandong, Everwin, Sunny, etc. and Nghe An is gradually becoming the center for manufacturing electronic components and green energy equipment in the country. Hainan Drinda New Energy Technology Co., Ltd. decided to invest in Nghe An, bringing the total FDI capital attracted by the province to nearly 500 million USD when 2024 has just entered the second quarter.
It can be said that there are few provinces and cities in the country that are currently gathering 5 of the world's technology giants to invest together: Foxconn, Luxshare, Goertek, Everwin and Juteng. These enterprises have poured more than 1.3 billion USD into the province, expected to create more than 86,000 jobs. To do this, Nghe An has set out a strategic orientation to select FDI capital flows, prioritizing high-quality capital flows, projects aiming at green growth and sustainable development. In investment promotion, the province focuses on partners and oriented fields; with a focused implementation direction, not spread out, thoroughly integrated into foreign affairs activities, trade promotion and tourism.
EFFORTS TO CONTINUE CREATING MIRACLES
Not stopping at the results achieved, Nghe An aims to promote existing achievements, overcome limitations to continue attracting FDI capital from both traditional and new partners in the period of 2021-2030. With the "ambitious" goal of registered FDI capital reaching 3-3.5 billion USD in the period of 2021-2025 and 4.5-5 billion USD in the period of 2026-2030, Nghe An province continues to focus on implementing 5 key solutions.
Recently, the Prime Minister approved the Provincial Planning for the period 2021-2030, with a vision to 2050, adding more industrial parks and industrial clusters and identifying the Southeast Economic Zone as one of the growth drivers of the province. Currently, Nghe An province is implementing a project to expand the Southeast Economic Zone from over 20,000 hectares to over 100,000 hectares.
In addition to shared infrastructure, Nghe An province is focusing on mobilizing investment resources to complete important and essential infrastructure such as: Cua Lo Deep Water Port Construction Investment Project, Vinh International Airport Upgrade and Expansion Investment Project; At the same time, focusing on completing the infrastructure system and social services. In addition, Nghe An province has called for and currently has 3 capable and experienced industrial park infrastructure investors: VSIP, WHA, Hoang Thinh Dat. Currently, these 3 investors are developing 5 industrial parks in the area. By 2025, Nghe An province will ensure that there is enough land fund and clean ground with about 1,500 hectares to attract investment.
To meet the needs of investors, Nghe An has planned to expand industrial parks and clusters; support investors in building and operating modern and synchronous industrial park and cluster infrastructure. Mr. Le Tien Tri - Head of the Southeast Economic Zone Management Board said that in 2024, Nghe An will focus on exploiting the infrastructure of Tho Loc Industrial Park with a scale of 500 hectares, the infrastructure of Hoang Mai II Industrial Park with a scale of 335.23 hectares and continue to propose investment in WHA Industrial Park phase 3 (250 hectares), Tho Loc B Industrial Park (180 hectares), Nghia Dan Industrial Park (160 hectares).
With the advantage of a population of more than 3.4 million people, of which more than 1.6 million are of working age, the province has 6 universities, 11 colleges and 70 vocational training institutions, adding about 45,000 people to the labor market every year, with over 65% of the workforce having been trained. The province is focusing on training linkages between businesses, investors and training institutions. In particular, the province is continuing to make efforts to reform administrative procedures, substantially improving the investment and business environment. Nghe An province is always ready to support investors; considering investors' difficulties as those of the province; handling procedures correctly and quickly, with some projects only granting Investment Registration Certificates within 5 working days.
Chairman of the Provincial People's Committee Nguyen Duc Trung assessed: Nghe An is having many advantages in attracting investment. Therefore, sectors and localities need to continue promoting positive results in recent years; continue to remove difficulties, support investors who have been granted Investment Registration Certificates, are implementing projects in the area; continue to review and support investors to complete procedures to implement new projects, meeting the labor recruitment requirements of investors. Localities, especially Dien Chau district and Hoang Mai town, pay attention to site clearance to implement projects such as Tho Loc Industrial Park (VSIP II), Hoang Mai Industrial Park II to create space to attract investment.
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