According to Hai Phong’s Department of Investment and Planning, the investment came from 27 new projects and 19 added-capital projects.
Among the biggest investors was the Republic of Korea (RoK)’s 1.5-billion-USD LG Displays Co. Ltd, which produces organic light emitting diodes (OLED) for smart phones, watches and notepads.
This project is one of LG’s two largest investment projects in the city. The RoK is the biggest investor in the Dinh Vu – Cat Hai Economic Zone, with 3.7 billion USD. It is followed by Japan, with 3.3 billion USD.
According to the General Statistics Office (GSO), 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.
As of July 20, Vietnam attracted 12.94 billion USD in FDI in 2016, up 46.9 percent against the same period last year, the GSO said.
Of the total, nearly 8.7 billion USD came from 1,408 new projects, with the remainder from 660 added-capital projects. Investors poured money into new projects across 47 provinces and cities nationwide in the period.
