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 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 Zone Management Board, most of the FDI projects invested in Vietnam- Singapore Industrial Park (VSIP) and Trang Due industrial park are small-scale supporting industry production to provide spare parts for other groups like LGE, Kyocera and Fuji Xerox.

Heangsung Electronics Co., Ltd’s project assembling electronic circuits is the largest new project with 100 million USD in investment across 10 hectares.

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

In addition, the Hai Phong Economic Zone is upgrading its web portal to offer English and Japanese along with Vietnamese with a focus on the investment climate in the city as well as in industrial parks and economic zones.

Vice Chairman of the municipal People’s Committee Dan Duc Hiep said that the city has implemented a number of key projects, creating breakthroughs in infrastructure and serving as driving 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