Haiphong receives FDI injection
Industrial zones in northern Haiphong city lured roughly US$35 million in foreign direct investment (FDI) in February, evidencing the city’s attractive economic strategy and infrastructure system.
The Haiphong Economic Zone Authority (HEZA) granted a new investment certificate to Hansung P.T.C Co., Ltd from the Republic of Korea to carry out a project in Trang Due Industrial Park.
The project, worth US$3 million, will focus on producing galvanised coating systems and coating plastic products and household appliances and is scheduled to become operational this month.
Meanwhile, the HEZA issued adjusted investment certificates for Japanese invested Zeon Vietnam to add new business operations, adjust production scales and increase invested capital in VSIP Hai Phong Integrated Township and Industrial Park. The capital was adjusted from US$25 million to US$27.69 million.
Two other FDI projects, also run by Japanese investors, received approval to inject a combined US$27 million of capital.
Haiphong continues to affirm the crucial role of FDI projects in promoting economic restructuring and reforming the city’s growth model towards green growth and sustainable development, Pham Thuyen, Head of the HEZA, said.
He added that the HEZA and its investors are working to accelerate the disbursement of investment in infrastructure and to support enterprises in tackling obstacles to production.
The city targets US$2-3 billion in FDI in 2015, doubling the 2014 figures.
The project, worth US$3 million, will focus on producing galvanised coating systems and coating plastic products and household appliances and is scheduled to become operational this month.
Meanwhile, the HEZA issued adjusted investment certificates for Japanese invested Zeon Vietnam to add new business operations, adjust production scales and increase invested capital in VSIP Hai Phong Integrated Township and Industrial Park. The capital was adjusted from US$25 million to US$27.69 million.
Two other FDI projects, also run by Japanese investors, received approval to inject a combined US$27 million of capital.
Haiphong continues to affirm the crucial role of FDI projects in promoting economic restructuring and reforming the city’s growth model towards green growth and sustainable development, Pham Thuyen, Head of the HEZA, said.
He added that the HEZA and its investors are working to accelerate the disbursement of investment in infrastructure and to support enterprises in tackling obstacles to production.
The city targets US$2-3 billion in FDI in 2015, doubling the 2014 figures.