Hai Phong’s eight-month FDI surges nearly 100 per cent

Tuesday, Sep 04, 2018 08:27

A South Korea-invested Doosan Vina factory in Hai Phong City. — Photo haiphong.gov.vn

More than $1.41 billion in foreign direct investment (FDI) was poured into the northern port city of Hai Phong over the past eight months of this year - a year-on-year increase of nearly 100 per cent, the city’s official portal reported.

Of that amount, $1.39 billion was injected into 94 projects, including 64 newly-invested projects and 33 capital adjustment ones, while the remainder of $23 million was spent by overseas players on acquiring shares in Vietnamese companies, it noted.

Since the beginning of the year, Japan and South of Korea continued to be the largest investors in the city.

In the future, the city will continue to speed up administrative reforms, improve its investment and business climates and perfect infrastructure facilities at major industrial economic and industrial zones in order to better attract foreign investment.

Holding frequent talks between the city’s leaders and investors to remove their difficulties and revoking licences of slow-moving projects will be also included.

The city aims to lure $2 billion in FDI by the year-end. — VNS

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