Investment

Attracted and disbursed FDI surges

WEDNESDAY, 18/09/2019 09:48:32

Since early this year, Hai Duong province has attracted USD650.8 million in foreign direct investment (FDI), up 24.6% year on year, according to the Department of Planning and Investment.

The provincial authorities granted investment certificates to 49 new FDI projects with a total registered capital of USD374.8 million and allowed the addition of USD276 million to 25 turns of projects.

There are many new large-scale FDI projects, such as George Glory Vietnam High-class Leather Product and Shoe Factory (USD37 million), BW Hai Duong industrial development (USD32.2 million), Paper Factory (USD40 million), and Ferrite Union Materials Magnets (USD22.7 million).

Some projects with notable capital increases are Brother industries (getting an additional capital of USD80 million), Best Pacific (USD50 million), LMS shaped aluminum production (USD41 million), etc.

At present, there are 444 FDI projects with a total registered investment of over USD8.3 billion in the province.

Since the beginning of the year, USD560 million of the projects has been disbursed, a rise of 30% over the same period last year, bringing the total disbursed investment to more than USD5 billion.

LAN NGUYEN

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