On September 22, Haiphong Economic Zones Management Authority (HEZA) granted the investment registration certificates for a series of foreign-invested projects worth nearly $1.3 billion.
|Industrial parks in Haiphong to receive $1.3 billion |
This capital is divided into 14 projects, mainly invested by companies from South Korea, Japan and Singapore.
The first one is the Ecovance high-tech biodegradable materials factory project of SK Group (South Korea) with the total registered capital of $500 million. The project will produce biodegradable materials, covering an area of 32,000 square metres at Dinh Vu Industrial Park.
The expansion of SK is the result of the signing of a comprehensive business agreement on “eco-friendly, high-tech material” between SKC – a subsidiary of SK Corporation and Haiphong People’s Committee in June in Seoul.
Based on this agreement, SKC plans to incrementally review investments in eco-friendly materials and future advanced materials businesses in the port city.
The HEZA will also award an investment registration certificate for the expansion of the office machinery and equipment manufacturing project, which is invested by Kyocera Document Solutions Inc. (Japan) at VSIP Haiphong Urban, Industrial and Service Area. With the additional capital of $238 million, the expanded factory is worth of $425 million.
Other projects awarded similar certificates are BW ready-built factory development project ($61 million), and the automobile parts manufacturing project of investor CCTY Bearing Company (China) worth $40 million.
Furthermore, the authority also selected two investors for social housing projects with the registered investment capital of $400 million.
In the first nine months of this year, the city attracted nearly $3 billion from foreign investors, equalling 120 per cent of initial expectations for the whole year.
| ||Vietnam and Singapore deepen collaboration on smart and sustainable industrial parks |
Singapore’s Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, and its state-owned joint venture partner in Vietnam, Becamex IDC Corporation, announced the addition of four new Vietnam Singapore Industrial Parks (VSIPs) on August 29.
| ||RoK firms funnel 12 billion USD into Viglacera’s industrial parks |
Industrial parks developed by state-owned Viglacera Corp have attracted 12 billion USD in investment from more than 100 enterprises from the Republic of Korea (RoK).
| ||New free trade zone planned for Haiphong |
Haiphong will be home to a free trade zone which stimulates investment and construction activities, while also contributing to the socioeconomic development of the city.
| ||Nam Dinh Vu Industrial Park set to welcome strategic investors |
Nam Dinh Vu, the only industrial park (IP) in Haiphong with an internal seaport, ample available land, and cutting-edge technical infrastructure, is ready to hail investors from major markets such as South Korea and Japan.
| ||Haiphong to develop 20,000-hectare economic zone |
Haiphong plans to establish a coastal economic zone in a bid to create a new growth engine for the northern port city.