The northern port city of Hai Phong licensed five foreign direct investment (FDI) projects worth nearly 1.59 billion USD in the third quarter of this year.
According to the latest report of the Hai Phong Economic Zone Management Board, of the new FDI projects, the most significant was the 1.5 billion USD one invested by LG Electronics from the Republic of Korea .
The four other FDI projects included King Plastic Pte Ltd ( Singapore ), Dongbu Singapore Pte Ltd, IML Technology ( Indonesia ) and Knauf International ( Germany ).
The management board also granted investment certificates to three domestic projects with a total registered capital of over 290 billion VND (13.8 million USD).
Besides, the city authority agreed to add 25.1 million USD to investment capital of seven on-going FDI projects.
In the first nine months of this year, the Dinh Vu-Cat Hai Economic Zone in the city attracted 13 FDI projects valued at 1.776 billion USD and 11 local-invested ones, worth 1.765 trillion VND (84 million USD).
Additionally, 12 FDI projects increased their investment capital by 47.28 million USD and 598.123 billion VND (28 million USD) came from four local invested ones during the period.
By the end of September this year, the city’s economic and industrial parks had 138 valid FDI projects with a total registered capital of 5.368 billion USD and 70 domestic invested ones worth more than 36 trillion VND (1.7 billion USD).-VNA
