Hai Phong attracts US$5.4 bln in FDI in three years

VGP – The northern city of Hai Phong attracted US$5.402 billion in Foreign Direct Investment (FDI) between September 2011 and October 2014.

December 15, 2014 4:52 PM GMT+7

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The sum came from 124 licensed projects and 91 operating ones that increased their investments. These projects mainly focused on the processing and manufacturing sectors such as the Bridgestone Factory Project with a total investment of US$574.8 million, Nipro Pharma Corporation with US$250 million and LG Electronics Viet Nam Hai Phong with US$1.5 billion.

Besides high-tech projects, in 2011-2014, a number of investors from Japan and the US arrived in Ha Phong to seek opportunities in the construction of commercial houses, hotels and commercial centers.

To improve its FDI attraction, the city will enhance investment promotion activities, step up the reform of administrative procedures, speed up the implementation of crucial infrastructure projects and train human resources.

By Thuy Dung