Competitive land rental prices in Ha Nam have helped the province attract 356 FDI projects across 8 operational industrial parks, with total registered capital reaching $6.177 billion. Among the investors, South Korea leads with 128 projects, followed by Japan with 107 projects, and Taiwan with 52 projects…
PCI index increases 10 levels compared to 2023
Ha Nam is recognized as one of the most attractive investment destinations in northern Vietnam. In 2023, the province’s Provincial Competitiveness Index (PCI) reached 66.47 points, up 2.47 points compared to 2022, ranked 36/63 provinces and cities, marking an increase of 10 levels compared to the previous year. Additionally, the Gross Regional Domestic Product (GRDP) for the first half of 2024 is estimated at 26.891 trillion VND, an increase of 10.35% over the same period in 2023. This represents Ha Nam’s highest growth since 2021. With this impressive figure, the province currently leads the Red River Delta region in GRDP and ranks 4th nationwide for the first half of 2024, making it an attractive destination for FDI investors.
FDI in Ha Nam triples in the first half of 2024
In the first half of 2024, Ha Nam’s industrial parks attracted 13 new FDI projects, with total newly registered and additional capital reaching $396 million, which is three times the FDI capital in Ha Nam during the same period in 2023 (rising from $132.6 million to $396 million). Notable investment projects in Ha Nam in 2024 include LCD screen and webcam production project of Wistron Technology Vietnam with a total capital of $24.5 million; motherboard manufacturing project of LCFC Vietnam Company with investment capital of $18 million, etc.
Currently, Ha Nam has 8 operational industrial parks, with 356 active FDI projects and a total registered capital of $6.177 billion. Taiwan leads in terms of total investment capital with $1.825 billion, followed by South Korea with $1.664 billion. However, in terms of the number of projects, South Korea remains the leader with 128 projects, followed by Japan with 107 projects and Taiwan with 52 projects.
Competitive land rental prices to attract FDI
One of the key factors contributing to the continued growth of FDI in Ha Nam in 2024 is the land rental incentives. Foreign investors in Ha Nam can enjoy land lease incentives in industrial parks for up to 50 years. Additionally, raw land rental prices in Ha Nam are considered among the most competitive compared to surrounding provinces near Ha Noi, ranging from 80 to 120 USD/m².
Several industrial parks in Ha Nam offer attractive rental rates, such as the expanded Dong Van I Industrial Park, where land rental prices range from 100 to 115 USD/m², with a lease term until 2071. The infrastructure usage and wastewater treatment fees at this industrial park range from 13,000 to 14,000 VND/m². Meanwhile, the Thai Ha Industrial Park offers land rental prices starting at 90 USD/m², with an infrastructure usage fee of 11,600 VND/m² and a wastewater treatment fee of 11,000 VND/m².
