Manufacturing News 30/09/2023, 02:12

Industrial parks in Hai Phong to receive 1 billion USD in investment capital

On September 22, the Hai Phong Economic Zone Management Board awarded Investment Registration Certificates to investment projects in industrial parks and economic zones with a total registered investment capital of nearly 1 billion USD.

Industrial parks in Hai Phong to receive 1 billion USD in investment capital

According to the Hai Phong City Electronic Information Portal, on September 22, the Management Board of Hai Phong Economic Zone awarded Investment Registration Certificates to investment projects in industrial parks and economic zones with a total registered capital of nearly 1 billion USD.

A typical example is the Ecovance high-tech biodegradable materials factory project of SK Group (Korea). The project has the goal of producing biodegradable materials, using an area of 32,089m² on land plot CN5.5G2, Dinh Vu Industrial Park, in Dinh Vu-Cat Hai Economic Zone.

SK Group is the second-largest multi-industry corporation in Korea, with areas of operation such as telecommunications technology, semiconductor manufacturing, pharmaceutical preparation, chemical manufacturing, petroleum exploitation, real estate, hotel and shopping center business, etc. SK Group has 95 subsidiaries located in many countries, such as the US, UK, China, and Asian countries.

Along with that, the Hai Phong Economic Zone Management Board also awarded the Investment Registration Certificate to adjust the capital increase of 238 million USD for the office machinery and equipment manufacturing project of Kyocera Document Solutions Inc. (Japan) at VSIP Hai Phong Urban, Industrial, and Service Area, increasing the total investment capital of the project to 425 million USD.

Other projects awarded Investment Registration Certificates are: BW ready-built factory development investment project (61 million USD), Auto parts manufacturing project of CCTY Bearing Company (China) (40 million USD); Valves and plumbing fittings manufacturing project of Ningbo Huaping Intelligent Control Technology (China) (30 million USD); Li-ion and Ni-MH battery assembly project of Highpower Technology (Singapore) (20 million USD); SPC floor manufacturing project of Yibin Tianyi New Material Technology (China) (19.5 million USD); Project investment expansion on construction of warehouses and tanks of Soft Industry Co., Ltd. (Japan) (15.2 million USD); Auto parts and auxiliary components of cars manufacturing project by Daimay Investment (Hong Kong - China) (15 million USD); Warehouse and tank project of Top Solvent Vietnam Co., Ltd. (Thailand) (12.8 million USD); Optical equipment manufacturing project of GoodWe Singapore (10 million USD).

As of September 20, 2023, industrial parks and economic zones have attracted nearly 3 billion USD (reaching 120% of the yearly plan, completing the target 4 months in advance). Following that success, once again, the issuance of Investment Registration Certificates for new investment projects and capital increases in Industrial Parks and Economic Zones in September 2023 demonstrates the high determination of the Hai Phong Economic Zone Management Board in attracting foreign investors to invest, build, develop, and contribute to successfully implementing the goals set out in Resolution No. 45 proposed by the Politburo.

CafeF / Translator: Hoàng Trúc
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