HAI PHONG (VNS) — Industrial zones in this northern city earned some US$35 million in foreign direct investment (FDI) in February, proving the city's economic strategy and infrastructure system are attractive to investors.
The Hai Phong Economic Zone Authority (HEZA) granted a new investment certificate to Hansung PTC Co from the Republic of Korea, to conduct a project in Trang Due Industrial Park.
The project, worth $3 million, will focus on producing galvanised coating systems and coating plastic products and household appliances and is scheduled to become operational this month.
Meanwhile, the HEZA issued adjusted investment certificates for Japanese-invested Zeon Viet Nam to add new business operations, adjust its production scales and increase invested capital in VSIP Hai Phong Integrated Township and Industrial Park. The capital was adjusted from $25 million to $27.69 million.
Two other foreign-invested projects, also run by Japanese investors, received approval to inject a combined $27 million of capital. — VNS