Ha Nam: Investments are sprouting! Japanese companies bet $1.3 billion.

Ha Nam: Investments are sprouting! Japanese companies bet $1.3 billion.

Ha Nam, a province at the southern gate of Hanoi, Vietnam, is increasingly becoming an attractive location for investors, particularly from Japan. With an area of ​​over 860 km² and a well-developed transport network, the province offers excellent connections that strengthen both the local economy and tourism.

Ha Nam's location on a major tourist route through Vietnam attracts numerous visitors from Hanoi and the surrounding provinces. Important natural tourism resources such as Tam Chuc Lake, Ba Hang Lake and Luon Cave further promote the growth of the tourism sector. In addition, the dense river and lake system as well as the agricultural ecosystems of the lowlands offer great potential for further tourism development.

Investing in Ha Nam

The province is seeing a growing number of investments, with over 700 investors, including many Japanese companies. At a recent conference, Comrade Tran Xuan Duong, vice chairman of the Provincial People's Committee, spoke about the positive development of investment in Ha Nam. The province plans to expand the infrastructure and transport network to further improve the investment environment.

Ha Nam is also seeking support from the Ministry of Industry and Tourism of Nagahama, Japan, to encourage future investments by Japanese companies. Special workforce training initiatives tailored to the needs of companies will be set up. Mr. Kawase Tomohisa, a representative of Nagahama City, appreciated the province's investment potential and preferential policies.

Challenges and perspectives

Despite the positive developments, company representatives report challenges in the region. The focus is on topics such as land use in industrial parks, environmental protection, support programs for investors and the provision of highly qualified workers. Ryoichi Nakagawa, advisor to the Japan Desk in Ha Nam, highlighted that Japanese companies highly value the investment climate in the province.

Currently, there are eight industrial parks in Ha Nam, where 604 investment projects, including 356 foreign direct investments worth nearly $6.18 billion, have been implemented. Of these, 107 projects are supported by Japanese investors with a total volume of $1.3 billion, which is about a third of the total FDI in the province. The Dong Van III industrial park is considered particularly attractive for Japanese investors.

In order to clarify companies' concerns and create stable conditions for their expansion, management will strengthen cooperation with authorities and local bodies. Despite existing shortcomings in the industrial parks, the provincial leadership and authorities are committed to implementing improvements in a timely manner and continuing to create a favorable investment environment.

Ha Nam remains on a promising path characterized by a combination of strategic location, natural wealth and growing international investment appetite. A careful balance between development and environmental protection will be critical to the province's future success.

For more detailed information about developments in Ha Nam, visit Vietnam.vn and for insights into investments by Japanese companies, read on InvestVietnam.vn.