Attracting FDI from provinces in the Red River Delta region

In the first 10 months of 2015, Bac Ninh ranked first in the region with 113 new projects (94 million USD in newly registered capital) and 87 projects with increased capital (3.4 billion USD in additional registered capital), total newly and increased capital was 3.5 billion USD. Among them, Bac Ninh has the project of SamSung Display Vietnam Company of Korea with an additional investment capital of 3 billion USD, the project is invested in Bac Ninh Industrial Park.

 In terms of number of projects, Hanoi is the locality that attracts the most projects in the region with 303 new projects (791 million USD in newly registered capital) and 41 projects with increased capital (111 million USD in additional registered capital). Next, are Hai Phong provinces (total newly granted and increased capital is 766 million USD), Quang Ninh (435 million USD), Vinh Phuc (398 million USD), Hai Duong (395 million USD). Localities such as Ha Nam, Hung Yen, Nam Dinh, Ninh Binh, and Thai Binh have more limited results in attracting FDI.

Cumulatively to date, provinces and cities in the region have attracted more than 5,800 projects with a total registered investment capital of 70 billion USD, accounting for 30% of the total number of projects and 26% of the total investment capital of the country.

It can be seen that the results of attracting FDI in provinces and cities in the Red River Delta region in recent times have had many positive bright spots. In addition to localities that have traditions and strengths in attracting FDI such as Hanoi, Vinh Phuc, and Hai Phong, in the past few years, a number of localities have risen strongly and attracted many large FDI projects, having a positive impact on the province's socio-economic development. A typical example in the Red River Delta region is Bac Ninh. Bac Ninh has attracted many world-famous corporations in the fields of electronics and telecommunications such as Canon, Samsung, P&Tel, Sumitmoto, ABB, Nokia to invest in the area and are producing and doing business effectively, typically two Samsung projects in Bac Ninh.nh, with a total registered capital of up to 6.5 billion USD; has had a positive impact on exports as well as creating jobs for local workers as well as neighboring provinces.

In addition, Hai Duong is also considered a locality that knows how to take advantage of its advantages to attract effective FDI projects into the province. It can be said that Hai Duong province has many policies to encourage and create a favorable environment for investors, focusing on planning industrial clusters and zones.

In general, the provinces in the Red River Delta region are considered to have many advantages in terms of geographical location, human resources... to attract FDI capital. Besides localities that have had achievements in attracting FDI in recent times, some provinces are still limited and have not been proactive in promoting and promoting the business investment environment as well as local advantages to attract foreign investors. In the coming time, the Red River Delta region needs to have orientations and policies to attract FDI towards high-tech industries and modern services, creating breakthroughs and increasing the province's competitiveness.