Hau Giang Industrial Zones Authority: Actively Supporting Businesses and Attracting Investors

9:52:09 AM | 15/3/2024

Hau Giang Industrial Zones Authority, established under the Prime Minister’s Decision 366/QD-TTg dated March 29, 2007, performs functions and tasks assigned by Decision 02/2023 /QD-UBND dated January 4, 2023 of the Hau Giang Provincial People's Committee on its functions, tasks, powers and organizational structure. During 17 years of construction and development, the authority has affirmed its role, position and name and made effective contributions to local socioeconomic development.

Industrial zones are strategically situated in close proximity to diverse agricultural material hubs, creating favorable conditions for attracting investment

Industrial parks are an important solution to mobilize resources, attract investment and promote industrial development. Industrial parks have become an important part of the economy, accelerated economic restructuring, expanded production capacity, transferred technology, enhanced production performance and participated in global production value chains and catalyzed quickening industrialization and modernization.

Currently, Hau Giang province planned and invested in building two industrial parks, three industrial complexes and Song Hau Power Center, covering 1,138 ha of land. Industrial zones are conveniently located near to Can Tho City and passing waterways like Nam Song Hau National Highway, National Highway 1A, National Highway 61C, Hau River, Xa No Canal and Cai Cui Port.

Industrial zones are concentrated near diverse agricultural material areas (rice, and fruit trees such as pineapple, mango, grapefruit, jackfruit and banana), aquatic products (like shrimp, pangasius and fish), near consumer markets and abundant labor sources (people at working age account for about 75%). These are favorable conditions to attract investment. In addition, industrial zones in socially and economically difficult areas are offered high preference policies.

To date, Hau Giang is home to 348 investment projects with a total registered capital of VND170,415 billion (US$7.3 billion), including 272 projects outside industrial zones with VND20,276 billion of investment capital, 71 projects in large-scale industrial parks with VND149,802 billion, five projects in the High-Tech Agricultural Park with VND337 billion. The province has also attracted 25 foreign direct investment (FDI) projects with US$631 million.

In 2021-2030, Hau Giang planned to establish seven new industrial parks with a total area of 1,741 ha, bringing the total industrial park area to 2,233 ha by 2030 (in Chau Thanh, Chau Thanh A and Phung Hiep districts) as located in the Prime Minister's Decision 326 dated March 9, 2022 and updated in the draft Hau Giang Provincial Planning.

According to the planned progress of new industrial park development, Dong Phu 2 and Song Hau 2 industrial parks were approved by the Prime Minister to be added to the Ha Giang Provincial Industrial Park Development Planning in Official Dispatch 329 dated April 28, 2023. 

Hau Giang Industrial Zones Authority is carrying out many tasks and solutions, focusing on proactively supporting businesses and attracting investors, to outdo the targets assigned by the Provincial People's Committee, thus helping the province to achieve the GRDP growth target.

Mr. Tran Ngoc Hung, Director of Hau Giang Industrial Zones Authority, said: Very busy investment promotion in 2023 plus many large-scale events to be organized by the province in 2024, will attract the attention of investors. The authority will continue to actively connect, invite and support investors. In particular, we focus on reducing the time of executing administrative procedures on investment, construction, land and environment; and accelerate digital transformation to improve management capacity and business support to launch approved projects and attract new ones.

By Manh Dung, Vietnam Business Forum