Hai Phong among top FDI recipents in Jan

The Northern port city of Hai Phong lured five FDI projects worth $117.6 million in January, becoming the country’s second largest FDI recipient, according to the Foreign Investment Agency (FIA). 
The Nam Dinh Vu Non-tariff Zone

In January, the city’s total newly-registered capital amounted to $118.1 million including $0.5 million of additional capital of a former project.

Last year, the locality attracted 39 new projects, worth $1.12 billion, up 25.8 pct in terms of number and 80.8pct in terms of value against 2011.

Meanwhile, up to 25 projects got additional capital. The amount of FDI attraction touched $1.233 billion, a 1.27 pct year-on-year increase.

The success was attributed to a series of solutions on FDI attraction. Particularly, the Hai Phong Department of Planning and Investment sped up the progress of setting up FDI representative offices and branches.

The local authorities also reviewed and classified projects to timely resolve difficulties for FDI projects and dissolve inefficient ones.

Source VGP