FDI attraction in Hai Phong City increases 225%

According to the People’s Committee of Hai Phong City, as of September, total FDI capital of the locality reached US$ 2.85 billion, increased to 225% over the same period in 2020 (accounting for nearly 13% of the total newly registered FDI capital of the country).

In recent months, Hai Phong has recorded series of newly invested FDI projects or big capital increasing.  

Typically, LG Display Vietnam Hai Phong Co., Ltd (located in Trang Due Industrial Park, Hai Phong City) increased its capital by US$ 1.4 billion, thereby bringing the total investment capital of the Group to US$ 4.65 billion and becoming the largest investment capital project in the port city.

Besides, other FDI projects newly invested or increased capital including: Tongwei Electronics Co., Ltd (in An Duong Industrial Park) increasing by 31 million USD, Ohsung Vina Company (in Trang Due Industrial Park) rising by 19 million USD, Shanghai Moons Electronics Company investing US$ 18 million in VSIP Industrial Park, etc. In 2021, Hai Phong City aims to attract FDI from US$ 2.5 to 3 billion.


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