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Additional 20 FDI projects land in Hai Phong

The northern port city of Hai Phong granted investment certificates to 20 foreign direct investment (FDI) projects worth 240.67 million USD in industrial zones and economic zones in the first six months of the year.
The northern port city of Hai Phong granted investment certificates to20 foreign direct investment (FDI) projects worth 240.67 million USD inindustrial zones and economic zones in the first six months of the year.

The province also agreed to add a combined 139.96 million USD in capital to nine projects.

According to Mai Xuan Hoa, Deputy Head of the Hai Phong Economic ZoneManagement Board, most of the FDI projects invested in Vietnam-Singapore Industrial Park (VSIP) and Trang Due industrial park aresmall-scale supporting industry production to provide spare parts forother groups like LGE, Kyocera and Fuji Xerox.

HeangsungElectronics Co., Ltd’s project assembling electronic circuits is thelargest new project with 100 million USD in investment across 10hectares.

In a bid to fulfil the 2015 FDI attraction plan, themunicipal People’s Committee has requested the management board and theInvestment Promotion Centre further their promotion activities andsupportive services to lure more investment to the city.

Inaddition, the Hai Phong Economic Zone is upgrading its web portal tooffer English and Japanese along with Vietnamese with a focus on theinvestment climate in the city as well as in industrial parks andeconomic zones.

Vice Chairman of the municipal People’sCommittee Dan Duc Hiep said that the city has implemented a number ofkey projects, creating breakthroughs in infrastructure and serving asdriving forces to motivate socio-economic development.

The projects include the Lach Huyen port and the upgrades of Cat Bi International Airport and the Hanoi-Hai Phong highway.-VNA

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