Haiphong draws over US$208 mln in FDI in Q1
More than US$208.5 million in foreign direct investment landed in northern Haiphong city in the first quarter of 2016, up nearly 16% against the same period last year.
Of the figure, US$57.34 million came from six newly-registered projects while the remaining US$151.18 million was added to nine operational ones.
The city has to date hosted 491 valid FDI projects with a total investment of approximately US$14 billion.
It is believed that the growth was largely owing to the city’s efforts to develop local infrastructure.
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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, Hanoi – Haiphong Expressway, Ha Long – Haiphong 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 local public administration system and enhancing business climate to lure more domestic and foreign investors.
Haiphong has focused on improving quality of public services in order to make local residents and investors more satisfied.
