Nam Dinh: From purely agricultural land to a golden address that attracts “eagles”

Synchronous infrastructure, clear administrative procedures, abundant human resources… are decisive factors for businesses when choosing “good land” to invest. These are also the advantages that have helped Nam Dinh transform from a purely agricultural province into a golden address attracting foreign investment in recent years.

Led public investment

From 2021 until now, Nam Dinh has been the destination for nearly 200 domestic and foreign investment projects, with a total registered investment capital of nearly 110,000 billion VND and over 1 billion USD, far exceeding the target of total revenue. Attract investment in the period 2021-2025.

We can mention large projects such as: Project complex of Xuan Thien Group, with a total investment of 98,900 billion VND; Quanta Group’s project to produce computers and computer peripherals, with a total investment of 120 million USD; High-tech household appliance manufacturing project of JiaWei Group (Taiwan, China), with a total investment of 100 million USD; The project of Toray Group (Japan) has a total investment of 208 million USD; Fiber and textile production project of SANBANG Company (Singapore), with a total investment of nearly 30 million USD; High-tech textile dyeing project of Top Textiles Co., Ltd. (Japan), with a total investment of more than 200 million USD…

Large investment projects coming to Nam Dinh are not accidental. With the policy of taking public investment to lead private investment and keeping traffic one step ahead, Nam Dinh has prioritized and mobilized maximum resources for planning, investing in construction and upgrading infrastructure. traffic, smooth connection between regions. Recently, Nam Dinh province has been considered a “big construction site”.

We can mention the project to build a development backbone connecting the coastal economic region of Nam Dinh province with the Gie – Ninh Binh expressway with a total route length of 46 km (phase I completed), expected to be completed. into phase II in 2025. This is a project with a strategic breakthrough, removing road traffic bottlenecks.

The project to build a new road route Nam Dinh – Lac Quan – coastal road, with a length of about 25 km and a total investment of nearly 6,000 billion VND, is currently under active construction, expected to be completed in the first half. 2025.

The project to build a 65.58 km long coastal road, section through Nam Dinh province, has a total investment of nearly 2,700 billion VND and is expected to open to traffic on the upcoming April 30. The project to build a bridge over the Day River connecting Ninh Binh province and Nam Dinh province is expected to be completed by the end of 2024.

Previously, the Day – Ninh Co canal project complex, with an investment of 107.19 million USD in Nam Dinh, was announced by the Ministry of Transport to open the national inland waterway channel. This is a cluster of works of great significance to the development of Nam Dinh as well as the Northern Delta provinces, helping ships with large tonnage to offload to be able to go further inland to the Ninh Binh port cluster, reducing the load for Road.

Not only traffic, electricity and water infrastructure, banking and telecommunications services are also guaranteed to meet the needs of businesses. Mr. Nguyen Hoang Anh – Head of the Industrial Zones Management Board (IZs) of Nam Dinh province said that the province has designed its own power source to serve production in industrial zones and clusters. Therefore, this locality ensures no power cuts, maintaining stability for the production needs of the business.

To support businesses investing in the province, Nam Dinh has promoted administrative procedure reform, pledging to be ready to create the most favorable conditions for investors. Accordingly, a special working group to remove difficulties and support businesses and investors has been established and is headed by the Chairman of the Provincial People’s Committee. For example, Quanta Group’s project was licensed after only 36 hours of submitting a valid application.

Of course, according to Mr. Nguyen Hoang Anh, before getting these quickly licensed documents, there are years of research, work, and preparation between the parties. In recent years, provincial leaders have had many meetings and worked with foreign embassies, businesses and large corporations to introduce the province’s potentials and policies to seek “representative” investors. eagle”.

Revive the tradition of the industrial “capital” of the North

Along with efforts to attract investment, investment selection and orientation are highly emphasized. With the tradition of being the industrial capital and “cradle” of Vietnam’s textile and garment industry, Nam Dinh has had specific orientations in choosing to attract investment in textile and garment projects with advanced technology and priority. projects in the field of high technology, environmental protection, social security…

At Bao Minh Industrial Park (IZ), which attracts many large enterprises in the garment, textile and dyeing industries, environmental issues are given great attention. As for wastewater treatment, 100% of wastewater is collected by the treatment system. Every day, 5,000 m3 of wastewater is reused with standards even higher than domestic water standards.

“We strive to reuse 50% of wastewater by 2025, which is about 10,000 m3 per day” – said Mr. Hoang Manh Cuong – Deputy General Director of Bao Minh Industrial Park Infrastructure Investment Joint Stock Company. Here, there are also businesses using waterless dyeing technology, ensuring energy saving and environmental friendliness.

In operation since 2010, Bao Minh Industrial Park has now been completely filled with many large investors from Japan, Germany, China, Hong Kong, and Taiwan. The industrial park is expanding by 50 hectares and promises to be quickly filled.

Bao Minh is a successful example of industrial park projects that have been put into operation in Nam Dinh province based on all criteria of infrastructure, quality and efficiency in attracting investment capital, environmental protection, effective land use, attracting and increasing income for workers, transforming industry structure and contributing to the local budget, ranked among the top industrial parks in the North.

Besides Bao Minh, Nam Dinh also has 5 other industrial parks, with a total area of ​​nearly 1,300 hectares, already in operation. Currently, the province is continuing to build 10 new industrial parks with a total area of ​​1,250 hectares and Ninh Co economic zone with a scale of nearly 14,000 hectares.

It can be said that public investment is focused, focused, not spread out, thereby attracting investment in a selective and oriented way, which is a boost that has brought Nam Dinh’s GRDP growth in 2023 to 10,000. 19%, the highest level ever in the province (ranked 6th nationwide and 3rd in the Red River Delta region). Of which, industry and services account for 82%.

According to Dr. Nguyen Dinh Cung – former Director of the Central Institute for Economic Management (CIEM), the biggest driver of economic growth both now and in the coming years is investment. The effectiveness of allocating investment capital, selecting and implementing investment projects is reflected in the level of economic growth. In particular, synchronous infrastructure and a favorable business investment environment are key factors to attract investment capital flows.

Looking at the reality in Nam Dinh, it can be expected that breakthrough solutions to attract investment will create an acceleration in the province’s socio-economic development, gradually realizing the goal of becoming a province by 2030. quite well in the whole country, according to Nam Dinh Provincial Planning for the period 2021-2030, vision to 2050 approved by the Prime Minister earlier this year.

According to xobaotaichinhvietnam.vn