The northern port city of Hai Phong licensed five foreign direct investment (FDI) projects worth nearly 1.59 billion USD in the third quarter of this year.
The northern port city ofHai Phong licensed five foreign direct investment (FDI) projectsworth nearly 1.59 billion USD in the third quarter of this year.
According to the latest report of the Hai Phong Economic ZoneManagement Board, of the new FDI projects, the most significant was the1.5 billion USD one invested by LG Electronics from the Republic ofKorea .
The four other FDI projects included KingPlastic Pte Ltd ( Singapore ), Dongbu Singapore Pte Ltd, IML Technology (Indonesia ) and Knauf International ( Germany ).
The management board also granted investment certificates to threedomestic projects with a total registered capital of over 290 billionVND (13.8 million USD).
Besides, the city authority agreed to add 25.1 million USD to investment capital of seven on-going FDI projects.
In the first nine months of this year, the Dinh Vu-Cat Hai EconomicZone in the city attracted 13 FDI projects valued at 1.776 billion USDand 11 local-invested ones, worth 1.765 trillion VND (84 million USD).
Additionally, 12 FDI projects increased their investment capital by47.28 million USD and 598.123 billion VND (28 million USD) came fromfour local invested ones during the period.
🔯 By theend of September this year, the city’s economic and industrial parks had138 valid FDI projects with a total registered capital of 5.368 billionUSD and 70 domestic invested ones worth more than 36 trillion VND (1.7billion USD).-VNA
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