The Hanoi South Supporting Industrial Park (Hanssip) project’s first phase of construction is slated to take place this month. General director Nguyen Hoang at N&G Development & Investment Corporation, the project developer, shines further light on the project.
Lingering economic vulnerabilities have hurt investment decisions, including that on promoting supporting industries. Is the current time auspicious for Hanssip investment?
The Hanssip project was conceived five years ago.
Initially we managed to set up a specialised industrial park through enlarging existing Dai Xuyen industrial cluster in Phu Xuyen district, in former Ha Tay province.
When hooked into the work, we recognised the shortage of integrated specialised industries to create chain values to businesses and the need to bring supporting industries under one-roof.
That is why we came to the decision of turning Hanssip into a trustworthy venue to businesses committed to supporting industries development.
Firms blamed there were insufficient state policies to prop up supporting industries development. Will this adversely affect Hanssip’s development?
That is true but it does not mean no opportunities exist for businesses active in this field. On February 24, 2011 the prime minister signed Decision 12/2011/QD-TTg and on August 26, 2011 inked Decision 1483/QD-TTg presenting policies on development of some supporting industries.
Then guiding documents came into place. Hanoi alone has worked on a specific supporting industry products development programme for 2011-2015.
Of course, it needs time to make appraisals how these policies were enforced as well as their actual effects. As an infrastructure development business, we could confirm there were tremendous market demands and N&G Corp was consistent with coming up with the project.
We are also proud of having good partners for the project such as Japan’s Shimizu Corp or Forval- a multi-sector investment group based in Japan. Forval’s chairman is also president of the Association for International Manpower Development of Small and Medium-sized Enterprises of Japan (IMM Japan) consisting of 240,000 members. Other partners are Japan-based design consulting group NSC, Doji Group and Hanel Company Limited etc.
It seems that Japanese investors are Hanssip’s top target. Isn’t it?
Japan is one of countries taking the lead in manufacturing, producing and supplying products in the supporting industries. Moreover, with the signing of Vietnam-Japan Economic Partnership Agreement (VJEPA) Japan will actively uphold Vietnam in reaching the target of having in place effective supporting industries.
For that reason N&G Corp has teamed up with Japanese firms in design, consultancy, investment and development of modern integrated park infrastructure, and increased cooperation with finance and economic entities belonging to Japanese government to woo Japanese firms wanted to open shop in Vietnam.
We aim to attract well-established Japanese businesses to Hanssip which are leaders in diverse areas of supporting industries as well as hi-tech industries. Further targets are Japanese small- and medium-sized businesses and satellite units. Vietnamese production enterprises will act as further carriages creating whole value chain ‘manufacture-supply-assembly-consumption’ right at Hanssip.