Japanese investor looks to develop amusement park in Ha Nam

June 18, 2016 | 17:41

(0) user say

Japanese-owned Frontier International Vietnam One Member Company Limited (Frontier Company) expressed interest in developing an amusement and a water park in the northern province of Ha Nam.

The proposal was made in the framework of the working session with provincial leaders on June 14. The company has already surveyed the province to find a favourable location. The company will co-operate with a US partner with experience in amusement park development.

However, the company has yet to release specific information about the project.

Frontier Company chairman Ikejiri Makoto proposed the provincial leaders to introduce feasible Japanese investors to join the project .

According to the company’s plans, its US partner will arrive to Ha Nam in early August to resurvey the area and then they will decide the scale as well as the investment capital for the project.

Pham Sy Loi, deputy chairman of Ha Nam Provincial People’s Committee, introduced the Japanese investor four sites to develop the projects. Besides, Loi stated that the province will provide favourable conditions for the investors to complete the investment procedures as well as the construction process.

Ha Nam currently ranks sixteenth in attracting foreign direct investment (FDI) capital. As of May 20, the province has attracted $1.49 billion FDI to 173 projects. In the first five months of this year alone, foreign investors poured $122.02 million into 14 newly-registered projects and added $35.9 million to existing ones.

By By Ha Vy

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional