Project licenced to Japan firm in Ha Nam

HA NAM  (VNS) — The northern province of Ha Nam yesterday granted an investment licence to Japan’s Fuji Engineering Vietnam Co., Ltd to build houses and launch services for Japanese experts and labourers at the Dong Van I Industrial Park in Duy Tien District.

Covering an area of 11,500 sq.m, the three buildings will cost US$10 million. The project includes three phases, with the first to last until December this year.

Foreign investors from 11 countries and territories have poured US$1.4 billion into 155 projects in Ha Nam Province so far. Local authorities granted investment licences to 35 foreign-invested projects in 2015. FDI firms have contributed over VND320 billion ($14.4 million) to the State budget, making up 17.18 per cent of the province’s budget collection.

The province plans to attract VND180 trillion ($8 billion) in investments between 2016 and 2020. — VNS