The journey of the 'big guy' Hemaraj Thailand in Nghe An

(Baonghean) - Last October marked one of the good results from Nghe An's investment promotion activities in 2016, when the investment agreement for the WHA Hemaraj industrial and urban area project in the Southeast Economic Zone was signed by the relevant parties.

Cautious step

The Binh Than Spring 2016 Investor Meeting held in mid-February was one of the first bridges to “bring together” the “big guy” Hemaraj Thailand with Nghe An. At that time, Mr. David Richard Nardone - Director of WHA Hemaraj Land and Development (SG) PTE.LTD assessed Nghe An as a locality with outstanding education and training and high quality human resources, and at the same time sent out a message of wanting to approach this attractive land:

“We see that Nghe An’s investment environment is very good and are currently exploring and researching in depth, looking for opportunities to come to Nghe An as soon as possible, possibly in the year of the Monkey 2016.”

Provincial leaders and investors at the signing ceremony of the investment agreement for the WHA Hemaraj project. Photo: Tien Hung

From there, Hemaraj approached, surveyed and learned about the investment environment and development potential of Nghe An in a detailed and meticulous manner. Initially, the company had a positive view of the Nam Cam and Tho Loc areas, which are part of the Southeast Economic Zone planning.

For many months, senior leaders of Hemaraj cooperated with the Transport Construction Corporation 4 - JSC to directly survey the site, learn about the transport system, universities and vocational schools, the regional hospital network as well as utility service distribution systems such as communication systems, telecommunications services, fuel supply systems, clean water, etc.

The collected information becomes the premise for the partner to evaluate the feasibility of the industrial park development project in Nghe An, prepare reports and evaluate the feasibility to send to secondary investors, introduce the unique features and outstanding incentives of the locality for investors, attract them to come back and boldly invest capital.

Provincial leaders introduced the scale of Nam Cam Industrial Park to the Hemaraj delegation. Photo: Thanh Duy

Nghe An province also actively supports and creates the most favorable conditions from Nghe An province, open mechanisms, attracting maximum investment incentives, especially in the field of industrial park development. The signing ceremony of the investment agreement for the WHA Hemaraj industrial park and urban area project in the Southeast Economic Zone between Nghe An province, Hemaraj Company and Traffic Construction Corporation 4 is the moment marking the first results and promising the possibilities of cooperation in the future.

Huge project, great expectations

The WHA Hemaraj 1 Industrial Park - Nghe An investment project is planned to be implemented in the Southeast Economic Zone in Nghi Loc district, on a scale of 3,200 hectares with a total investment capital of more than 22,000 billion VND (equivalent to 1 billion USD). The project's objective is to invest in the construction and business of industrial park infrastructure, leasing it to secondary investors to invest in the construction of factories, production and business facilities in the fields of precision mechanical equipment manufacturing and digital equipment assembly, agricultural - forestry - fishery processing, consumer goods manufacturing, construction materials, logistics, etc.

Perspective of WHA Hemaraj Industrial Park 1 - 2, Nghe An province. Photo provided by the investor.

In addition, the project also invests in the construction and business of high-tech park infrastructure, leasing it to secondary investors to invest in the construction of factories and enterprises applying scientific achievements and dedicated to advanced technology to produce products with high intellectual content and great value.

Another goal of Hemaraj Group when promoting investment in Nghe An is to invest in the construction and business of urban, commercial and residential areas including renovated areas, new residential areas, resettlement areas for displaced households, social housing areas, urban administrative agencies, commercial centers, financial and banking facilities, post and telecommunications offices, medical centers, cultural, sports and entertainment areas.

Focusing on environmental issues, items and utilities such as discharge lines, drainage, water treatment plants, wastewater treatment plants, trees, water collection lakes, etc. are also carefully planned by the parties, allocating land funds reasonably and in detail, serving sustainable development.

As planned, the project is divided into 7 development phases, starting from 2017 and completing in 2038, phase 1 will be implemented from 2017 and completed in 2023. Many people expect that when the project comes into operation, it will be a driving force to promote the development of the Southeast Economic Zone in particular and the socio-economic development of Nghe An province in general. If proven effective, this will be a model for other investors to refer to, to better understand the opportunities and advantages of doing business in Nghe An.

Particularly for the two localities where the project is located, the economic structure will tend to shift towards reducing the proportion of agricultural production, increasing the proportion of industry and services, taking advantage of the partner's technology to transfer and accelerate the industrialization and modernization process of the province.

Up to this point, the Thai investor has submitted an application for an investment certificate, and the Provincial People's Committee is carrying out procedures to submit to ministries, branches and the Government for comments on the project. If approved, the WHA Hemaraj 1 - Nghe An project will quickly start construction, enjoying the province's most favorable conditions to promote efficiency.

Thu Giang