Business

RoK – Hai Phong’s biggest foreign investor

The Republic of Korea (RoK) ranks first among the 42 nations and territories pouring capital into the northern port city of Hai Phong, with 105 projects totaling 11 billion USD, according to the Hai Phong Economic Zone Authority.
RoK – Hai Phong’s biggest foreign investor ảnh 1Hai Phong's Trang Hue industrial park (Photo: VNA)
Hai Phong (VNA) – The Republic of Korea (RoK) ranks first among the 42nations and territories pouring capital into the northern port city of Hai Phong, with 105 projects totaling 11 billion USD, according to the Hai PhongEconomic Zone Authority.

A highlight in Hai Phong’s attraction for Korean investmentin the first 10 months of this year is that on June 26, municipalauthorities handed over a licence to LG Innotek Vietnam Hai Phong Co., Ltd. toadd 1 billion USD to its project in the city, raising its total investmentto over 2.05 billion USD.

On September 29, an investment registration certificate washanded over to Ecovance high-tech biodegradable material factory project worth 500million USD by SK – the second largest corporation in the RoK.

Secretary of the municipal Party Committee Le Tien Chauaffirmed that Hai Phong is committed to always accompanying and creating goodconditions for investors to implement their projects.

In the coming time, the city will continue to improve its business and investmentenvironment, and focus on developing infrastructure, especially regionallylinked transportation infrastructure projects, and concertedly implementsolutions to improve the efficiency of attracting high-quality workforce, andensure labour resources for investors when they implement projects here, Chauadded.

Head of the Hai Phong Economic Zone Authority (HEZA) LeTrung Kien said it will continue attracting investment in high and greentechnologies and in participating in the global production chain and applyingthe circular economic model./.
VNA
#Republic of Korea #Hai Phong #Hai Phong Economic Zone Authority #Vietnam #Vietnamplus #Vietnam News Agency Hai Phong
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