Hai Phong draws $208 million in Q1 FDI
Hai Phong draws $208 million in Q1 FDI
More than US$208.5 million in foreign direct investment landed in northern Hai Phong City in the first quarter of 2017, up nearly 16 per cent against the same period last year.
Of the figure, $57.34 million came from six newly-registered projects, while the remaining $151.18 million was added to nine operational projects.
The city has till date hosted 491 valid FDI projects with total investment of some $14 billion.
It is believed that growth has largely been a result of the city’s efforts to develop local infrastructure.
A number of large-scale projects have been developed to greatly support transportation in the city, such as Hai Phong Port, Cat Bi International Airport, Tan Vu-Lach Huyen Highway and Bridge and Ha Noi- Hai Phong Expressway, as well as Ha Long- Hai Phong Expressway, Bach Dang Bridge and expanded National Highway 10.
Chairman of the municipal People’s Committee Nguyen Van Tung said the city will continue improving the local public administration system and enhancing business climate to lure more domestic and foreign investors.
Hai Phong has focused on improving the quality of public services to satisfy locals and investors.
