Ha Tinh is open to welcome investors
Ha Tinh is open to welcome investors
Ha Tinh is implementing synchronous solutions to accompany, support, and determine precisely to attract over 100 projects with a total capital of about 2,500 million USD this year.
Secretary of the Provincial Party Committee Hoang Trung Dung, Chairman of the Provincial People’s Committee Vo Trong Hai, and the delegation of Ha Tinh Province visited and worked with Ecopark Group (March 2023).
Create the best environment for investors.
Ha Tinh is located in the center of the North Central Coast, has a regional and international connection transportation system, and has a large-scale Vung Ang - Son Duong deep-sea port cluster. Along with the Iron and Steel Complex and Son Duong deep-water port with a total capital of 12.787 billion USD - the largest FDI project in Vietnam, over the past time, Ha Tinh has continuously attracted many large-scale projects...
Despite facing many difficulties due to the COVID-19 pandemic, the global economic downturn, and the impact of the Russian-Ukrainian conflict, the Province has always applied many flexible ways to create the best environment for investors to carry out projects in the area, continued to implement new “welcome” and attraction policies. In which, Vung Ang Economic Zone is still an attractive destination for investors.
Ha Tinh has a seaport system of Vung Ang - Son Duong which holds a “golden” position on the international maritime corridor, with conditions to develop into a large-scale logistics center.
Typically, VinES Battery Factory, with a total capital of over VND 3,684 billion carried out at the peak of the COVID-19 epidemic (December 2021), is currently testing equipment to prepare for the operation. The joint venture Battery Factory by VinES - a member of Vin Group and Gotion Inc. built in November 2022, is being accelerated.
According to a representative of Vin Group, the VinES Battery Factory and the joint venture Battery Factory by VinES and Gotion are an essential step in implementing Vin Group’s “three tripods" battery strategy: buying batteries from the best manufacturers in the world - cooperating with partners to produce the world’s best batteries - self-researching and developing battery production.
The VinES Battery Factory is expected to go into mass production in June 2023
In the first months of 2023, the “super project” Vung Ang 2 Thermal Power Plant, with a total capital of 2.2 billion USD, returned to a lively construction pace, proving the efforts of local authorities, departments, units, and branches in accompanying and removing obstacles to “gain momentum” for the industry in particular and Ha Tinh’s economy in general. Mr. Hoang Trong Binh - Deputy Director of Vung Ang 2 Thermal Power Company Limited, informed that the plant was built with a total capacity of 1,330 MW. Up to now, the project has completed 46.5% of the volume and strives to put it into commercial operation in the third quarter of 2025.
Mr. Pham Tran De - Deputy Head of the Economic Zone Authority said: “The Provincial People’s Committee has decided to strengthen the working group and the assisting group to support investors in implementing key projects in Vung Ang Economic Zone. Accordingly, it has boosted efficiency in handling backlogs related to the investment field. Therefore, some “bottlenecks”, knots are paid attention to remove”.
The construction site of the “super project” Vung Ang 2 Thermal Power Plant
Over the past time, Ha Tinh has organized many delegations to provinces and cities to exchange and learn experiences on improving administrative reform, attracting investment, and developing industry... Leaders of the Province and Departments, agencies, and branches also connect with many businesses and corporations (Que Lam Group JSC., Ecopark Group JSC., Sun Group...); actively participate in large-scale seminars and conferences on inter-regional and international economic development. These activities have created a solid stepping stone for investment attraction.
Good news
In the first quarter of 2023, Ha Tinh received good news when the Vietnam - Singapore Industrial Park and Urban Development JSC (VSIP) reported and asked the Province to support speeding up the progress towards a memorandum of understanding signing and implementation of the procedures related to the project of industrial - urban and service areas (Thach Ha District). The project has a total capital of about 7,529 billion VND, will form an industrial park with light and high-tech industries, an urban area for mixed residential land, and forming commercial centers, medical centers, and schools...
Chinese investors are interested in learning about investment promotion information at the Ha Tinh booth on the sidelines of the Vietnam Expo 2023 in Hanoi (April 2023).
According to a representative of VSIP Group, the Group has received the companionship of departments, branches, and localities in determining the survey area, researching and evaluating raw material mines serving the project, and related information to formulate planning plans. The Group continues to study and survey to determine the boundaries, concretize the planning options, and take the following steps.
Together with VSIP, Ha Tinh is supporting investors in completing investment procedures for projects in the area, such as the Construction and business of infrastructure of Vinhomes Vung Ang Industrial Park, Central Park Center, and Lam Hong Garden Park City urban area (Ha Tinh City), Thinh Loc International golf course and resort complex (Loc Ha), the expansion Gia Lach Industrial - Urban - Service Park (Nghi Xuan), Ky Ninh Resort (Ky Anh Town)…
Mr. Phan Thanh Bien - Deputy Director of the Department of Planning and Investment said: “In the first quarter of 2023, Ha Tinh awarded the investment in-principle approval for 6 domestic projects with a total registered capital of nearly 500 billion VND. In April, Ha Tinh received good news when it ranked 18th in the country in term of Provincial Competitiveness Index (PCI), 8th in the country and 3rd in the North Central region in terms of Provincial Governance and Public Administration Performance Index (PAPI) in 2022. Along with the effective implementation of the set of competitiveness indexes of provincial departments, departments and branches and People’s Committees of districts, towns and cities in the period of 2020-2021, Ha Tinh continues to affirm government efforts to improve the investment climate”.
67.18 is Ha Tinh’s highest PCI score achieved in the last 6 years (2017 - 2022).
Intending to attract more than 100 projects with a total capital of about 2,500 million USD this year, Ha Tinh invites investment in the infrastructure of industrial parks, urban areas, tourism, services, development of organic agriculture, etc. In addition, Ha Tinh is constantly innovating and diversifying the way of organizing investment promotion and support activities, boosting investment promotion with strategic partners who are big domestic corporations (Vin Group, T&T, TH...) and potential foreign partners with solid capital and technology (USA, Japan, Korea ...).
Efforts to attract investment in a problematic context are opening up many prospects to concretize the goal of the Resolution of the 19th Provincial Party Committee on attracting investment and developing businesses, realizing the strategy of “4 pillars, 4 foundations, 3 urban centers, 1 growth driving force and 3 economic corridors” according to the Ha Tinh Provincial Master Plan for 2021-2030, with a vision to 2050.
Ha Tinh Newspaper
