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Hai Phong aims to attract 1.5 billion USD in FDI in Q2

The northern port city of Hai Phong targets 1.5 billion USD in foreign direct investment (FDI) in the second quarter of 2021, according to head of the Management Board of Hai Phong Economic Zones Le Trung Kien.
Hai Phong aims to attract 1.5 billion USD in FDI in Q2 ảnh 1Illustrative image (Source: VNA)
Hai Phong (VNA) – The northern port city of HaiPhong targets 1.5 billion USD in foreign direct investment (FDI) in the secondquarter of 2021, according to head of the Management Board of Hai PhongEconomic Zones Le Trung Kien.

Kien said that the city will increase dialogues to exploreobstacles facing businesses, while enhancing efficiency of investment promotionactivities, while prioritising investors with high capacity and advanced,environmentally-friendly technologies.

Along with speeding up administrative reforms, the boardwill coordinate closely with the local police force to ensure order and securityin economic zones and industrial parks, creating a safe environment forenterprises, Kien said.

He said Hai Phong currently has 12 industrial parks. As ofMarch 31, 2021, the local industrial parks and economic zones had lured 406 FDIprojects worth 17.15 billion USD.

The average occupancy rate in the local industrial park hasreached 62.5 percent. There are 154,100 labourers working in Hai Phong’sindustrial parks and economic zones.

In the 2021-2025 period, Hai Phong plans to construct 15 newindustrial parks with a total area of over 6,200 hectares.

Last year, the city ranked seventh out of 63 provinces andcities nationwide in the Provincial Competitiveness Index (PCI), and second outof 11 provinces and cities in the Red River Delta region./.

VNA
#Hai Phong #foreign direct investment (FDI) #Management Board of Hai Phong Economic Zones #environmentally-friendly technologies #administrative reforms #Vietnam #Vietnam news #Vietnam News Agency Hai Phong
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