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The northern port city of Hai Phong has drawn an additional 25
foreign direct investment (FDI) projects worth about US$290 million in the past
ten months of this year.
Another 21 projects have also registered to increase their existing capital to
expand production.
The city now has 316 FDI projects with a total capital investment of more than
US$4.89 billion.
Duong Anh Dien, Chairman of the Haiphong Municipal People’s Committee, said the
city will continue to create favourable investment environment, reform
administrative procedures and focus on attracting Japanese investors operating
in support industry, manufacture, electronics, high-tech and research and
development.
According to the Haiphong Department of Planning and Investment, the city is
boosting the implementation of some large projects including Haiphong
international seaport, upgrade Cat Bi international airport, Hanoi-Haiphong
highway, Tien Lang international airport and Dinh Vu-Cat Hai economic zone.
A number of economic zones such as Dinh Vu, Trang Due and Vietnam Singapore
Industrial Park (VSIP) are now calling for foreign investment projects.
Recently, a city’s delegation has paid a working visit to some key Japanese
groups like Panasonic, Hitachi and Nikkei to learn from their experiences in
developing and managing their industrial parks.
After the visit, Haiphong also received many Japanese businesses seeking
business opportunities in the city.
However, poor transport infrastructure and slow progress of land clearance have
prevented the city from attracting more FDI investment.
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