Hai Phong draws over US$1.8 billion in FDI

The northern port city of Hai Phong granted licenses to 28 new foreign direct investment (FDI) projects worth US$1.83 billion in the first seven months of 2016.

Sixteen existing projects in the city increased their investment capital by US$140.92 million in January – July.



The city has 476 valid FDI projects capitalised at US$12.88 billion.


As of July 20, Vietnam attracted US$12.94 billion in FDI, up 46.9% against the same period last year, according to the General Statistics Office.


Of the total, nearly US$8.7 billion came from 1,408 new projects and the remaining from 660 added-capital projects.


Investors poured money into new projects across 47 provinces and cities nationwide in the period.

Hai Phong topped the country in attracting new FDI projects, followed by Hanoi, and southern Binh Duong and Dong Nai provinces, and Ho Chi Minh City.

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