Hai Phong licenses four new investment projects

Wednesday, May 10, 2023 12:52

Investors pose for a photo. — VNA/VNS Photo

The northern port city of Hai Phong on Monday granted investment registration licenses to a project to build Berths No 7 and 8 at the Lach Huyen deep-water port and three others in the city’s industrial parks.

The berth-building project is invested by Saigon Newport One Member Limited Liability Corporation with VND12.79 trillion (US$545 million).

The 450m-long berths can serve container ships of 12,000 TEU-18,000 TEU and are supported by a 200m-long barge dock.

Construction is expected to start in the first quarter of 2025, and the berths be put into operation in the fourth quarter of 2027.

In addition, the Hai Phong Economic Zone Authority (HEZA) also presented investment licenses to the VND331 billion Starcharge energy equipment factory project of Singapore-based Starcharge Energy Pte.Ltd and the VND1.16 trillion HW Energy project of HW International Investment Holdings Pte.Ltd, both at the Maritime Service and Industrial Zone.

The VND633 billion Thinking Electronics Vietnam project of Taiwan (China)’s Thinking Electronics Industrial Co, Ltd in Nam Cau Kien Industrial Park was also presented.

HEZA head Le Trung Kien pledged to create all favourable conditions for the implementation of the project.

Besides the new projects, Hai Phong’s industrial and economic zones have so far this year attracted 17 new foreign-invested projects and seen nine existing ones adding capital, with a combined capital of $498.5 million. The port city has also attracted two new domestic-invested projects, and four existing ones were increasing their capital, with a combined investment of $46.58 million.

To date, they have drawn 477 FDI projects worth $23.35 billion and 205 foreign-invested ones totalling $12.63 billion. — VNS

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