Hoa Binh Provincial Management Board of IPs Keep Supporting Investors

5:22:58 PM | 6/3/2013

Despite difficulties in 2012 with global and domestic economic slowdown caused by financial crisis, inflationary pressures, natural disasters and epidemics, the Hoa Binh Provincial Management Board of Industrial Parks still attracted 43 projects, including four FDI projects, with a total registered capital of US$175 million and VND2,230 billion (over US$100 million).
The Hoa Binh Provincial Management Board of Industrial Parks (Hoa Binh IPs) completed detailed planning for industrial parks and obtained approval from the Provincial People’s Committee to set up Thanh Ha, Nam Luong Son and Mong Hoa industrial parks. In the first quarter of 2011, the Management Board examined basic designs for two projects invested by Tay Bac Mineral Company and by Esquel Vietnam - Hoa Binh Company (Luong Son Industrial Park), and granted revised certificate to Almine Company (Luong Son Industrial Park). The board, together with infrastructure investors, attended about 20 domestic and foreign investment promotion conferences, especially events in Germany and Japan in 2011.
In 2011, the board granted investment certificates to four projects, including two large investment projects: the wholly foreign invested US$25.5 million apparel production project of Esquel Vietnam - Hoa Binh Company and a US$44.6 million infrastructure construction project for Lac Thinh Industrial Park. By the middle of 2012, industrial parks in the province housed 55 investment projects with a total registered capital of US$153.1 million and VND5,083.51 billion (US$250 million). In 2011, industrial parks had 57 hectares of land ready for investors, over 14 per cent higher than the area assigned by the Provincial People’s Committee. In 2012, the province licensed four FDI projects, including the automobile parts production project worth US$75 million invested by Nissin Corporation of Japan - the largest project in Hoa Binh province to date.
The Management Board, in collaboration with industrial zone infrastructure investors, attracts investment projects into industrial parks. Notably, Luong Son Industrial Park currently has 23 projects, including nine FDI projects, with a combined registered capital of US$176.6 million and nearly VND1 trillion (US$50 million). To date, 28 projects situated inside industrial zones have gone into operation with gross revenue of VND3,000 billion in 2012, a 6-fold increase over 2007, export turnover of US$47 million and import expenditure of US$23 million. They paid VND80 billion to the State Budget, a 12-fold rise over 2007, and created jobs for nearly 4,000 people, mostly local workers, a 3-time increase from 2007. Regarding State-funded investment project management, in 2011, the Management Board was assigned to invest in some major projects with total capital of VND3.88 billion, including the detailed planning for Mong Hoa and Thanh Ha industrial parks (VND1.23 billion), Nguyen Van Troi road construction (VND2 billion), and the mine detection and detonation project in Nhuan Trach Industrial Park (VND650 million). To date, all projects have detailed planning.
In 2012, to promote investment attraction, the Management Board actively coordinated with district authorities to impose close management over industrial zone development planning, strengthened inspection on the progress of licensed investment projects, supported enterprises in the time of facing troubles, and maintained the website to provide information for investors.
Ha Anh