Business

Hai Phong attracts more foreign direct investment in H1

The northern city of Hai Phong has attracted 755.75 million USD in foreign direct investment (FDI) to local industrial parks (IPs) and economic zones (EZs) in the first half of 2022, raising total FDI there to 22.07 billion USD.
Hai Phong attracts more foreign direct investment in H1 ảnh 1As much as 755.75 million USD in FDI was poured into Hai Phong city in the first half of this year. (Photo: VNA)
Hanoi (VNA) – The northerncity of Hai Phong has attracted 755.75 million USD in foreign direct investment(FDI) to local industrial parks (IPs) and economic zones (EZs) in the firsthalf of 2022, raising total FDI there to 22.07 billion USD.

According to the Hai Phong EZAuthority, the amount was channelled into 21 new FDI projects and18 existing ones. It is equivalent to 56.2% of the FDI registered in the sameperiod last year.

At present, IPs and EZs in thecity are home to 438 FDI projects worth 22.07 billion USD in total and 195domestic investment projects worth 12.57 billion USD.

Head of the authority Le Trung Kien said from now to 2025, the 15 IPs in the city will beexpanded to 6,418ha from the current 6,074ha.

The latest of them is TienThanh IP, for which an infrastructure construction and business project recentlyreceived an investment certificate from the authority.

The 410ha Tien Thanh IP will bebuilt in Tien Thanh and Cap Tien communes of Tien Lang district at the totalcost of nearly 4.6 trillion VND (197.8 million USD). It will have its constructionstarted this year and be connected with the Tien Lang and Giang Bien industrialclusters and Giang Bien 2 IP to form connectivity in industrial development.

Tien Thanh IP, one of the keyprojects in Hai Phong, is expected to create more space to attract secondaryinvestors and boost the development of different industries and services in thecity./.
VNA
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