Hai Phong industrial zones enjoy healthy FDI injection
Industrial zones in northern Hai Phong City attracted nearly 908 million USD in foreign direct investment (FDI) by the end of April, a 20-time increase on last year, according to the Hai Phong Economic Zone Authority (Heza).
Industrial zones in northern Hai Phong City attracted nearly908 million USD in foreign direct investment (FDI) by the end of April, a20-time increase on last year, according to the Hai Phong Economic ZoneAuthority (Heza).
Since the beginning of this year,large investments have been poured into the city's industrial zones,affirmed Heza's Deputy Director Mai Xuan Hoa.
Hoa attributed the increase in FDI capital to Japanese investors.
This year, Japanese group Bridgestone committed to invest a big amountof money in developing a project producing car tyres in Dinh VuIndustrial Zone. The project would need 580 million USD during its firstphase, Hoa said.
It might cost a total of 1.5 billion USD and cover an area of 100ha on completion, he added.
The authority estimated that FDI capital poured into Hai Phong's industrial zones will continue to increase this year.
It would surely be higher than the target of 500 million USD, it said.
In addition, Heza reported that capital from domestic investors also increased this year.
In the first four months, local industrial zones attracted nearly 1.7trillion VND (81 million USD) in local money, doubling the figure oflast year.-VNA
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