RoK – Hai Phong’s biggest foreign investor
The Republic of Korea (RoK) ranks first among the 42 nations and territories pouring capital into the northern port city of Hai Phong, with 105 projects totaling 11 billion USD, according to the Hai Phong Economic Zone Authority.
Hai Phong's Trang Hue industrial park (Photo: VNA)A highlight in Hai Phong’s attraction for Korean investment in the first 10 months of this year is that on June 26, municipal authorities handed over a licence to LG Innotek Vietnam Hai Phong Co., Ltd. to add 1 billion USD to its project in the city, raising its total investment to over 2.05 billion USD.
On September 29, an investment registration certificate was handed over to Ecovance high-tech biodegradable material factory project worth 500 million USD by SK – the second largest corporation in the RoK.
Secretary of the municipal Party Committee Le Tien Chau affirmed that Hai Phong is committed to always accompanying and creating good conditions for investors to implement their projects.
In the coming time, the city will continue to improve its business and investment environment, and focus on developing infrastructure, especially regionally linked transportation infrastructure projects, and concertedly implement solutions to improve the efficiency of attracting high-quality workforce, and ensure labour resources for investors when they implement projects here, Chau added.
Head of the Hai Phong Economic Zone Authority (HEZA) Le Trung Kien said it will continue attracting investment in high and green technologies and in participating in the global production chain and applying the circular economic model./.
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