With the development of Hanoi South Supporting Industrial Park (HANSSIP), Hanoi has prepared a favourable industrial infrastructure for the new foreign investment flow, the city’s supporting industries, and the coming movement of production bases inside the capital.
The remark was made by Mr Nguyen Huy Tuong, Vice Chairman of Hanoi People’s Committee, at the recent signing ceremony of strategic cooperation in investing and developing HANSSIP between N&G Development and Investment Corporation (N&G Corp), Hanel Co., Ltd, and Doji Gold & Gem Group.
Located in a strategic position in the South of Hanoi with total area of about 700 ha, the specialized industrial park will be a modern, standardized platform for production bases involved in manufacturing products of supporting industries such as electronics, high-tech, automobile, machineries, garment and textile, leather and footwear, and others.
HANSSIP is planned and designed by Japanese consulting firms according to standards of supporting industries of Japan. It will provide a comprehensive and tailor-made environment, including supporting industrial zones, service urban area, logistics, commercial centres, banks, healthcare, and schools. Total investment for the project is around US$1 billion.
Dr Vu Tien Loc, President of Vietnam Chamber of Commerce and Industry (VCCI), noted: “The Vietnamese Government has considered the development of supporting industries one of the first priorities in Vietnam’s economic development strategy in 2011-2020. The cooperation of the three large-scale corporations affirmed the right strategy in promoting Vietnam’s industrialization and modernization progress. Especially, when foreign investors are regarding Vietnam as an alternative investment destination and gradually moving their factories in Asian countries to Vietnam, HANSSIP will play an important role in attracting foreign investment flows.”
“VCCI has actively supported HANSSIP in calling for both local and foreign investors. Notably, we have introduced and arranged business matching events between HANSSIP representatives and foreign partners from Japan, Singapore, and Korea interested in doing business in Vietnam in real estate, investment fund management, financial services, education and training, and the hi-tech industry,” said Dr Loc.
“In the master planning of Hanoi, apart from the functions of the country’s cultural and political centre, Hanoi has targeted further developing the hi-tech industry to be a key economic hub of Vietnam in the future. Therefore, focusing on developing supporting industries is urgent for the city,” Vice Chairman Nguyen Huy Tuong said. “Hanoi has 8 industrial parks in operation now and at almost full occupancy. HANSSIP, the largest industrial park of Hanoi so far and around 25 km from Hanoi, has provided the most favourable conditions to facilitate the development of Hanoi’s supporting industries. In addition, HANSSIP reserves land area for hundreds of factories and production bases now located in inner Hanoi which are forced to relocate out of the city’s centre subject to instructions of the Prime Minister and Hanoi Government.”
According to Mr Nguyen Hoang, President of N&G Corp, to quickly welcome both local and foreign investors to HANSSIP, especially Japanese investors, representatives of N&G, Hanel and Doji will accompany Chairman of Hanoi People’s Committee Nguyen The Thao on a working visit to Tokyo in the coming time to sign cooperation agreements with Japanese partners. This will be a good opportunity to receive the investment wave from Japanese corporations which have lots of experience in supporting industries.
Nam Pham
Vietnamese
