The management board of the Hai Phong economic zone has granted licences to two foreign direct investment (FDI) projects.

Of those, the Hong Kong-based Warehousing Workshop Worldwide will invest 15.5 million in a warehouse and hiring office project in the Dinh Vu Industrial Park.

The construction will start in December and be operational by June next year.

Japan’s Taiyou Denki KK will invest 7 million USD to build a loudspeaker factory in the Vietnam-Singapore Industrial Park (VSIP) in the northern Hai Phong city.

The project is expected to be ready in October next year.-VNA