Business

More FDI pours into Hai Phong

The northern port city of Hai Phong has so far this year attracted more than 2 billion USD in foreign direct investment (FDI), according to the municipal Department of Investment and Planning.
More FDI pours into Hai Phong ảnh 1Hanoi-Hai Phong Highway (Photo:VNA)

Hai Phong (VNA) - The northern port city of Hai Phong has so far this year attracted more than 2 billion USD in foreign direct investment (FDI), according to the municipal Department of Investment and Planning.

The funds came from 27 new projects and 19 added-capital projects.

Among the biggest investors was the Republic of Korea (RoK)’s 1.5-billion-USD LG Displays Co. Ltd, which produces organic light emitting diodes (OLED) for smart phones, watches and notepads.

This project is one of LG’s two largest investment projects in the city.

The RoK is the biggest investor in the Dinh Vu – Cat Hai Economic Zone, with 3.7 billion USD. It is followed by Japan, with 3.3 billion USD.

As of July 20, Vietnam attracted 12.94 billion USD in FDI in 2016, up 46.9 percent against the same period last year, according to the General Statistics Office.

Of the total, nearly 8.7 billion USD came from 1,408 new projects, with the remainder from 660 added-capital projects.

Investors poured money into new projects across 47 provinces and cities nationwide in the period.

Hai Phong topped the country in attracting new FDI projects, followed by Hanoi, and southern Binh Duong and Dong Nai provinces, and Ho Chi Minh City.-VNA

VNA
#Hai Phong #FDI #OLED #LG #FDP projects Hai Phong
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