Hung Yen - an attractive destination for foreign investors

Việt Lâm |

To date, Hung Yen province has 584 FDI investment projects with a total registered investment capital of more than 7.6 billion USD.

Propaganda work on investment advantages is promoted.

According to the Department of Planning and Investment of Hung Yen province, foreign investors come from many different countries and territories, of which, investors from Japan rank first in the number of investment projects in the province with 176 projects, total registered investment capital of more than 3.8 billion USD, followed by China with 155 projects, total registered investment capital of 1.19 billion USD; Korea with 155 projects, total registered investment capital of 0.9 billion USD.

It is known that one of the greatest successes in investment promotion of Hung Yen province at present is building a friendly business environment, reducing costs for businesses by improving business environment and competitiveness indexes such as PCI, PAPI, PAR Index.

To attract investors in general and FDI investors in particular, the propaganda work on investment advantages of Hung Yen province has been promoted. The Provincial People's Committee has established an electronic database system on the investment environment on the Provincial People's Committee's Electronic Information Portal and the websites of a number of departments, branches and sectors with main contents such as investment incentive policies, projects calling for investment capital, contents on master planning, regional planning, sectoral planning, priority investment sectors, etc. Thereby, helping investors easily grasp the advantages in the investment process in the province.

In addition, every year, provincial leaders directly dialogue with businesses to grasp and promptly resolve difficulties and problems of businesses in the process of investment, production, business, etc.

Helping businesses continue to develop sustainably in difficult times

Speaking with Lao Dong Newspaper reporters, Mr. Okazaki Shingo - General Director of KANSAI Paint Vietnam Co., Ltd. - said that the company highly appreciates and appreciates the comprehensive support from the Hung Yen provincial government in the past time.

In addition, the provincial government also directly works with businesses, sharing and discussing solutions to overcome difficulties, including proposing support for low-interest loans and tax reductions. These actions not only help companies maintain production activities but also ensure the safety and stability of the entire staff.

According to Mr. Okazaki Shingo, the enthusiastic support from Hung Yen province in facilitating investment and production activities is not only meaningful to KANSAI Paint Vietnam Co., Ltd. but also to all local businesses. Shortening administrative procedures and reducing transportation costs thanks to developed infrastructure has helped the company optimize production activities and improve business efficiency. Hung Yen's strategic location and abundant labor resources have also created favorable conditions for recruiting and maintaining quality human resources.

“In general, the support from Hung Yen province not only helps KANSAI Paint Vietnam Co., Ltd. expand its operations effectively but also contributes to the sustainable development of the locality and improves the lives of workers,” said Mr. Okazaki Shingo.

Recently, at the Provincial Information and Conference Center, Mr. Nguyen Huu Nghia, Member of the Party Central Committee, Secretary of the Provincial Party Committee, had a meeting and worked with Mr. Takashi Yanai, Member of the Board of Directors of Sumitomo Corporation (Japan). At the meeting, Mr. Takashi Yanai thanked the provincial leaders and functional agencies of the province for always paying attention to leadership, direction, and creating favorable conditions for Thang Long II Industrial Park to operate effectively in the past time and continue to be invested in and expanded.

In an exchange with the Board of Directors of Sumitomo Corporation, Hung Yen Provincial Party Secretary Nguyen Huu Nghia requested Sumitomo Corporation to speed up the construction of technical infrastructure and increase the occupancy rate of Thang Long II Industrial Park phase 3 before implementing phase 4....

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