Hai Phong greenlights two FDI projects

Thursday, Aug 28, 2014 08:00

HAI PHONG (Biz Hub) — The management board of the Hai Phong economic zone has granted licences for two foreign direct investment (FDI) projects.

Of those, the Hong Kong's Warehousing Workshop Worldwide Limited will invest US$15.5 million in a warehouse and hiring office project in the Dinh Vu Industrial Park. The construction will start in December and be operational by June next year.

Japan's Taiyou Denki KK will invest $7 million to build a loudspeaker factory in the Viet Nam - Singapore Industrial Park (VSIP) in the northern Hai Phong City. The project is expected to be ready in October next year. — VNS

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