Four industrial parks in northern province added to national plan

By Tri Duc
Sat, February 4, 2023 | 10:22 pm GMT+7

Four industrial parks in the northern province of Ha Nam have been added to the national plan for industrial park development under a decision signed by Deputy Prime Minister Le Minh Khai on Friday.

The four are the 250-hectare Dong Van V, 250-hectare Dong Van VI, 230-hectare Kim Bang I, and 210-hectare Chau Giang I in Duy Tien township and Kim Bang district.

Infrastructure development in these parks should focus on projects involving high technology, supporting industries, innovation and creativity, the decision reads.

The projects should also be eco-friendly and not labor- or resource-intensive. The conversion of agricultural land for the four industrial parks must meet Ha Nam province’s quota for land conversion.

A corner of Dong Van IV Industrial Park in Ha Nam province, northern Vietnam. Photo courtesy of the park.

A corner of Dong Van IV Industrial Park in Ha Nam province, northern Vietnam. Photo courtesy of the park.

The northern province is now home to eight industrial parks covering 2,500 hectares, according to the Ha Nam industrial parks authority. With an occupation rate of 80%, industrial parks in Ha Nam are home to 427 businesses with 86,005 workers.

According to Ha Nam’s draft plan for 2021-2030, with vision until 2050, the province wants to establish 14 more industrial parks covering 3,500 hectares.

Towards 2030, Ha Nam will focus on attracting investors in sectors such as automobiles, electronics, information technology, deep-processing of farm produce, and supporting industries, said Tran Van Kien, head of the Ha Nam industrial parks authority.

In 2022, the authority granted investment certificates to 44 projects with registered capital of $161.74 million and VND5,834 billion ($248.79 million); and permitted capital hikes of $560.38 million and VND8,367 billion ($356.78 million) for existing projects.

As of end-2022, industrial parks in Ha Nam housed 527 projects, including 314 FDI ventures and 213 domestic projects, with total registered capital of $4.84 billion and VND41,674 billion ($1.78 billion), respectively.

Ha Nam’s gross regional domestic product (GRDP) grew 10.82% in 2022, according to the provincial statistics office. The industry and construction sector was the key driving force with growth of 12.96%, accounting for 8.52 percentage points of total growth. The manufacturing and processing industry grew 14.21%, contributing 7.5 percentage points to the total.

Comments (0)
  • Read More
S Korea's powdered milk export to ASEAN soars

S Korea's powdered milk export to ASEAN soars

South Korea's powdered milk products have surged in popularity across Southeast Asia, with exports nearly tripling over the past decade as demand for Korean formula milk remains on the rise.

Southeast Asia - Thu, February 20, 2025 | 9:42 pm GMT+7

Singapore's economy projected to grow 1-3% this year

Singapore's economy projected to grow 1-3% this year

The Singaporean Ministry of Trade and Industry has forecast the country’s economic growth to range between 1-3% in 2025.

Southeast Asia - Thu, February 20, 2025 | 9:39 pm GMT+7

Philippines considers nickel export ban

Philippines considers nickel export ban

The Philippine Government is considering a ban on raw nickel ore exports to boost its domestic processing industry.

Southeast Asia - Thu, February 20, 2025 | 9:37 pm GMT+7

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler suggests Phu Quoc as one of world's most affordable travel destinations for 2025

Condé Nast Traveler has ranked Vietnam as one of the most budget-friendly destinations for travel in 2025, with Phu Quoc being highlighted as a must-visit location in the S-shaped country thanks to its pristine beaches and resorts that "cannot be found anywhere else."

Travel - Thu, February 20, 2025 | 9:31 pm GMT+7

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc elected HCMC Chairman

Nguyen Van Duoc, deputy Party chief of Ho Chi Minh City, was elected Chairman of the southern economic hub on Thursday.

Politics - Thu, February 20, 2025 | 8:16 pm GMT+7

Standard Chartered Hanoi Heritage Marathon set to take place in Nov

Standard Chartered Hanoi Heritage Marathon set to take place in Nov

The Standard Chartered Hanoi Heritage Marathon, the 10th race in the globally renowned Standard Chartered Marathon series, will take place in Hanoi on November 9, 2025, following the success of its inaugural event in November last year.

Travel - Thu, February 20, 2025 | 5:06 pm GMT+7

UAE’s DP World to help southern Vietnam province build free trade zone

UAE’s DP World to help southern Vietnam province build free trade zone

The UAE-headquartered DP World, a global leader in logistics, will help the southern coastal province of Ba Ria-Vung Tau build a free trade zone (FTZ), the first of its kind in southeastern Vietnam.

Infrastructure - Thu, February 20, 2025 | 4:47 pm GMT+7

Vietnam to develop offshore wind power after 2030: ministry

Vietnam to develop offshore wind power after 2030: ministry

The Vietnamese Ministry of Industry and Trade has proposed delaying the development of offshore wind power until after 2030, instead of meeting the initial target of 6,000 MW within the next five years.

Energy - Thu, February 20, 2025 | 4:38 pm GMT+7

Mining, steel, construction firms set to capitalize on Vietnam's nuclear power development

Mining, steel, construction firms set to capitalize on Vietnam's nuclear power development

The mining sector is expected to benefit significantly from the development of the Ninh Thuan nuclear power plants in Vietnam, said Nguyen The Minh, head of research at broker Yuanta Securities Vietnam.

Industries - Thu, February 20, 2025 | 3:28 pm GMT+7

$1.9 bln LNG power project in northern Vietnam calls for mine clearance bids

$1.9 bln LNG power project in northern Vietnam calls for mine clearance bids

The $1.9 billion Quang Ninh LNG power plant, the first such facility in northern Vietnam, is inviting bids for the mines and explosives clearance package.

Energy - Thu, February 20, 2025 | 2:20 pm GMT+7

Steel maker Hoa Sen to pour $90 mln into central Vietnam factory expansion

Steel maker Hoa Sen to pour $90 mln into central Vietnam factory expansion

Hoa Sen Nhon Hoi-Binh Dinh One Member LLC, a subsidiary of Hoa Sen Group, will invest over VND2.3 trillion (over $90 million) to expand its steel plant in the south-central province of Binh Dinh.

Industries - Thu, February 20, 2025 | 11:48 am GMT+7

Samsung’s profit falls in Vietnam, doubles globally in 2024

Samsung’s profit falls in Vietnam, doubles globally in 2024

Samsung Electronics recorded a profit of $25.3 billion in 2024, up 122% year-on-year, but the total profit of its four major factories in Vietnam fell 11.4% to $3.2 billion.

Companies - Thu, February 20, 2025 | 10:23 am GMT+7

Serviced apartments see strong growth in Hanoi, face challenges in HCMC

Serviced apartments see strong growth in Hanoi, face challenges in HCMC

The serviced apartment market in Hanoi experienced significant growth in 2024, driven by strong foreign direct investment (FDI) flows, while it faced challenges from declining FDI and increasing competition in Ho Chi Minh City.

Real Estate - Thu, February 20, 2025 | 8:15 am GMT+7

Swedish textile firm Syre eyes $1 bln fiber factory in central Vietnam

Swedish textile firm Syre eyes $1 bln fiber factory in central Vietnam

Sweden’s textile company Syre wishes to invest in a polyester fiber recycling factory in the south-central province of Binh Dinh, with an estimated investment ranging from $700 million to over $1 billion.

Industries - Wed, February 19, 2025 | 9:50 pm GMT+7

Thailand urges central bank to boost economy

Thailand urges central bank to boost economy

Thai Prime Minister Paetongtarn Shinawatra has called on the Bank of Thailand to lower interest rates in a bid to ease financial pressures on the public.

Southeast Asia - Wed, February 19, 2025 | 9:40 pm GMT+7

Singapore’s gold export to US increases sharply

Singapore’s gold export to US increases sharply

Gold shipments from Singapore to the U.S. in January climbed to the highest level in almost three years.

Southeast Asia - Wed, February 19, 2025 | 9:24 pm GMT+7