Business

Hai Phong attracts more multi-million USD FDI projects

The northern port city of Hai Phong lured two new foreign direct investment (FDI) projects worth 62.25 million USD in the first three months of this year.
Hai Phong attracts more multi-million USD FDI projects ảnh 1Hanoi-Hai Phong Highway (Photo:VNA)

Hai Phong (VNA) – The northern port city of Hai Phong lured two new foreign direct investment (FDI) projects worth 62.25 million USD in the first three months of this year.

SL Electronics Co. Ltd from the Republic of Korea (RoK) invested 42.25 million USD into a project producing spare parts for electronic household appliances and motors, while the RoK investor HSColor injected 20 million USD into a project serving the printing and producing components for mobile phones.

The two projects are scheduled to start operation in this September.

Also in the first quarter of this year, 88 million USD was invested in three ongoing projects in Hai Phong.

So far, the city has 460 valid FDI projects with a total registered capital of 11.113 billion USD.

Currently, Hai Phong is accelerating the implementation of its key infrastructure projects, including Cat Bi International Airport, Tan Vu-Lach Huyen Highway and Bridge project, Hai Phong International Gateway Port, and Bach Dang bridge.-VNA

VNA
#foreign direct investment#SL Electronics Co. Ltd#HSColor#Cat Bi International Airport#Hai Phong International Gateway Port
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