With 11.3 billion USD in foreign direct investment, Hai Duong is among the leading groups in the country in attracting FDI.
The leading birds
On December 29, 1987, at the 2nd session, the 8th National Assembly passed the Law on Foreign Investment in Vietnam. This is considered a historic turning point, the most important legal document formalizing the reception of foreign investment in Vietnam in general, and Hai Duong in particular.
In the early years, Hai Duong only received a number of small-scale FDI projects with a total registered capital of less than 10 million USD.
Five years later, the province licensed nearly 20 FDI projects with registered investment capital of nearly 450 million USD.
In particular, in the period 2006-2010, FDI capital flow into Hai Duong reached nearly 1,970 million USD, including newly registered capital and increased capital, with a total of 151 projects. During this period, the number of FDI projects expanding production and increasing capital continuously increased with 84 projects, the increased capital was 541.5 million USD.
In 2006 alone, a special year with capital attraction of up to 663.6 million USD, nearly equal to the total FDI capital of the previous 10 years combined.
As one of the earliest FDI enterprises investing in Hai Duong, Ford Vietnam has always been on the list of 7 key enterprises of the province in terms of contribution to the state budget.
In 1995, shortly after Vietnam and the United States officially normalized relations, Ford Motor was one of the leading US companies investing in Vietnam. In 1995, the Ford Vietnam joint venture began laying the first bricks to build an assembly plant at the gateway to Hai Duong City. Ford's production line in Hai Duong began operating in the fourth quarter of 1997.
“From those days, we realized that Hai Duong was a locality with great potential in Ford Vietnam's development strategy," said Mr. Ruchik Shah, General Director of Ford Vietnam.
Starting with an assembly plant of more than 30 hectares in Lai Cach town (Cam Giang) with an investment capital of more than 100 million USD, after nearly 30 years, according to the Provincial Tax Department, from the beginning of the year to December 31, 2024, Ford Vietnam has contributed more than 4,634 billion VND to the state budget in Hai Duong, the highest and accounting for 68% of the total of 15 key enterprises in the province.
Hyundai Kefico, a globally famous Korean brand, is also one of the early FDI projects in Hai Duong. In 2009, Hyundai Kefico Vietnam officially invested in Hai Duong with a project to produce spare parts and accessories for motor vehicles and engines with a total investment of 65 million USD.
After 11 capital increases, up to 400 million USD on a total area of 10 hectares, up to now, Hyundai Kefico Vietnam is the enterprise with the largest investment capital on land area in the province's industrial parks, with 40 million USD/ha.
"We hope that the provincial leaders will continue to carry out administrative reforms and support legal procedures to create more favorable conditions for investors who have chosen, are choosing and will choose Hai Duong as a destination. Improvements in road traffic, convenient connections to major provinces and cities and improved infrastructure will also be factors that make Hai Duong a bright spot on the map of potential investors," said a representative of Hyundai Kefico Vietnam.
Together, work together, enjoy together
Representatives of FDI enterprises that we talked to said that Hai Duong always stands side by side with investors, accompanies, works together, and benefits together, not only has the value of motivating enterprises. From that consistent perspective, all levels and sectors have materialized it through reforms in administrative procedures, investment procedures; organizing direct investment promotion activities through many business trips of provincial leaders abroad.
“The initiative of the provincial leaders shows that Hai Duong is increasingly dynamic, ready to welcome quality foreign investors to invest in the province. From the development orientations of the province, we have made solid steps to build a stable Makalot like today,” said Mr. Kevin Lee, Deputy General Director of Makalot Garment Company Limited, the largest FDI enterprise in Thanh Ha district.
Sharing the same view, as one of the first four investors to invest in An Phat Industrial Park in the first half of last year, investor CeLink Limited with 100% investment capital from China said that the leaders of Hai Duong province regularly dialogue and meet with businesses to proactively remove difficulties in investment activities, which has created trust for businesses.
At the groundbreaking ceremony of the Deli Hai Duong stationery factory project of Deli Group Limited (Deli Group, China) in the expanded Dai An industrial park in late September 2024, Deputy Prime Minister Ho Duc Phoc highly appreciated the close coordination of the province's departments, branches and sectors in promoting FDI attraction. Thereby, contributing to making the province one of the leading localities in the country in attracting foreign direct investment capital.
HA KIEN - MINH NGUYETSource: https://baohaiduong.vn/suc-song-tu-mo-cua-hoi-nhap-401437.html
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