Business

Hai Duong lures 128.6 mln USD in foreign investment

Hai Duong attracted 128.6 million USD in foreign investment in the first two months of 2017, representing an 8.4-fold increase from the same period last year.
Hai Duong lures 128.6 mln USD in foreign investment ảnh 1Illustrative image (Photo: VNA)

Hai Duong (VNA) – Hai Duong attracted 128.6million USD in foreign investment in the first two months of 2017, representingan 8.4-fold increase from the same period last year.

The provincial Department of Planning and Investment has reported that thefigure included 89.2 million USD coming from seven new projects and theremainder being added capital of four existing projects.

The Red River Delta province also aims for the top 20 interms of the provincial competiveness index in 2016-2020.

It aims to double the number of its enterprises by 2020.

In 2016, Hai Duong registered an economic growth rate of 7.9 percent. Theprovince collected over 11 trillion VND (500 million USD) for the state budgetand fetched 4.5 billion USD from exports.

The locality is now home to around 11,000 businesses and 339 foreigninvestment projects from 24 countries and territories.

It has established 18 industrial parks on a total area of over 3,000hectares and devised a plan to develop 45 industrial clusters on over 2,000hectares.-VNA
VNA
#foreign investment #FDI Hai Duong
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