Ha Nam – a promising destination for investors

After 26 years since re-establishment (1997-2023), Ha Nam, from a primarily agriculture-based province with outdated urban infrastructure and poor living conditions, has rapidly grown into a dynamic province with numerous significant milestones.

Ha Nam has become a strong magnet for both domestic and international investors thanks to attractive investment incentive policies, prime location, integrated infrastructure, favorable environmental conditions, along with generous business support from the local government. 

1. Location

Ha Nam is the southern gateway of Hanoi and borders Hung Yen, Nam Dinh, Ninh Binh, and Hoa Binh province. This location enjoys convenient transportation thanks to major roadways, expressways, railways, and waterways along the North-South axis. The province is also one of the satellite cities, serving as a “gateway” connecting Hanoi with the central and southern provinces of Vietnam.

The strategic potential of Ha Nam has been timely recognized, therefore, the government has set the goal of a province with prosperous economic development and environmental sustainability. The transportation infrastructure system is considered the key to driving the development of industrial parks, export processing zones, and more.

2. The attractiveness from transportation infrastructure

Ha Nam province has been striving to develop transportation routes that create integrated connectivity with other provinces in the region as well as across the country.

The first highlight of the transportation system in Ha Nam is the Phap Van – Cau Gie – Ninh Binh expressway, which connects with Thanh Hoa, Nghe An, Ha Tinh, and North-South expressway. There are three interchanges in the province, including the Cau Gie interchange (facilitating transportation to Kim Bang and Phu Ly city), the Liem Tuyen interchange (facilitating transportation to the center of Phu Ly city), and the Vuc Vong interchange (Duy Tien town). These interchanges are important traffic hubs, connecting areas which have unique strengths. All contribute to a “perfect” transportation infrastructure development in Ha Nam province.

Secondly, the road connecting the Hanoi – Hai Phong expressway and the Phap Van – Cau Gie – Ninh Binh expressway, (passing through Ha Nam and Hung Yen province), ensures seamless connections between the industrial parks and clusters of both provinces with Hai Phong port, Mong Cai international border gate, Noibai airport, and more. This is also a crucial transportation axis for transportation from the Hai Phong ports to Hung Yen – Ha Nam, and then distributing to other provinces and vice versa. Therefore the road will pave the way for industrial parks to develop along.

Thirdly, “The project connecting 1A National Road with the Cau Gie – Ninh Binh expressway via the Liem Son interchange, passing through Binh Luc district to connect with National Routes 21A and 21B, linking the two expressways of Hanoi – Hai Phong and Hanoi – Ninh Binh; connecting the two special national relics, Trần Thương Temple (Ha Nam province) and the Tran Temple historical-cultural relic area (Nam Dinh province).” 

The project includes two segments with a total length of 46.5 km. Segment 1 connects National Route 1 with the Hanoi – Ninh Binh expressway, National Route 21A, National Route 21B, and the road connecting the two expressways of Hanoi – Hai Phong and Cau Gie – Ninh Binh.

3. Government as a reliable partner to enterprises

In recent years, Ha Nam has gradually become an investment hub and in  the top 10 localities attracting foreign direct investment (FDI). Up to mid-2024, the province has 8 out of 24 industrial parks with developed infrastructure put into operation. These projects have attracted 582 investment projects, in which 350 FDI projects with a total investment of 6.137 billion USD.

These achievements are not only attributed to large investment in transportation infrastructure but also the provincial government’s efforts to support businesses.

With a long-term mindset and vision, the Ha Nam government always considers enterprises as both a driving force and an internal strength for socio-economic development. Businesses in Ha Nam have stated that the government consistently focuses on improving the investment and business environment and enhancing the Provincial Competitiveness Index (PCI). The authority frequently organizes meetings with local businesses, listens to their opinions and recommendations. This intends to come up with support solutions and resolve difficulties in production and business activities.

The results of the annual Provincial Competitiveness Index (PCI) survey for 2023 published by VCCI show that the index “Business Support Policies” of Ha Nam reached 7.10 points, an increase of 1.42 points compared to 2022, ranking 18th out of 63 surveyed provinces/cities. Notably, this is the highest score for this locality in over 10 years. This demonstrates that the efforts and determination of the government in supporting businesses have been recognized and highly valued by the business community.

4. Project highlights in Ha Nam

The development of integrated transportation infrastructure is the primary driver behind the growth of potential industrial zones in Ha Nam, particularly along the Phap Van – Cầu Giẽ Cau Gie – Ninh Binh expressway and National Highway 38.

The Expanded Dong Van I Industrial Park

The Expanded Dong Van I Industrial Park boasts a prime location in the northeast of Vuc Vong interchange, Duy Tien Town, Ha Nam Province. It is adjacent to the Cau Gie – Ninh Binh expressway, National Highway 1A, and National Highway 38, all within the boundaries of Duy Tien Town.

>> Find out more about the Expanded Dong Van I Industrial Park here.

Dong Van III Taseco Supporting Industrial Park

Located on the eastern side of the Cau Gie – Ninh Binh expressway, the Dong Van III Supporting Industrial Park has a strategic position on Yen Nam (Lung Xuyen) Road, Duy Tien Town, Ha Nam Province. 

The project enjoys a modern transportation network: National Highway 38 and the Cau Gie – Ninh Binh expressway system. These routes play a crucial role in economic development, linking Ha Nam to the southeast growth corridor of the Red River Delta. The Ring Roads 4 and 5, as completed, will become new economic drivers, enhancing regional connectivity and reducing traffic pressure on the Phap Van interchange.

>> Find out more about Dong Van III Taseco Supporting Industrial Park here.

Kim Bang I Industrial Park

Kim Bang I Industrial Park is situated in Kim Bang District. Kim Bảng District, located at the northwest gateway of Ha Nam, is a key industrial and service development hub of the province. It is also one of the region’s tourism development centers, serving as a crucial transport and communication node southeast of Hanoi. The IP lies next to Dong Van IV Industrial Park and Le Ho Industrial Cluster and is adjacent to the N2 Tan Lang Bridge road (which connect the project to major routes: National Highway 38, National Highway 21B, and the Ring Roads 4 and 5, which are currently under development by Hà Nam Province).

With Ring Roads 4 and 5, the industrial park will become a key connection point for the entire northern and central regions.

>> Find out more about Kim Bang I Industrial Park here.

Le Ho Industrial Cluster

Le Ho Industrial Cluster is part of the Dong Van I, II, and III industrial zones, located within Ha Nam’s key industrial area. The project is strategically positioned on National Highway 38, allowing convenient access to National Highway 1A, leading to Hanoi and connecting to Hai Phong via the Ha Noi – Hai Phong expressway.

>> Find out more about Le Ho Industrial Cluster here.

Yen Lenh Industrial Cluster

Situated along National Highway 38B, Yen Lenh Industrial Cluster enjoys advantageous transportation links to provinces within the Red River Delta, such as Hai Duong, Hung Yen, Nam Dinh and Ninh Binh. It is located 50 km from Hanoi and just 700 meters from Yen Lenh Port, providing convenient connections to goods via the inland waterway system.

>> Find out more about Yen Lenh Industrial Cluster here.

Above is the information about Ha Nam province and its investment potential. Check out more articles from RSL Group here.

Source: Redsunland