On November 14, Hai Phong City People’s Committee organized a conference to grant investment registration certificates to 12 new and expanded projects in the economic zone and industrial parks in Hai Phong City in November 2024.
The total additional investment capital attracted is 1.8 billion USD, and the expected labor demand in the coming years is about 17,000 people.
Investment registration certificates granted to 12 projects
Notably, the expansion project of LG Group, South Korea (LG Display Vietnam Hai Phong Co., Ltd.) in Trang Due Industrial Park, increased the total investment capital by 1 billion USD, from 4.65 billion USD to 5.65 billion USD.
This is one of the largest investment projects of LG Group in Vietnam, specializing in the production of high-tech OLED screens with a capacity of 13-14 million products/month.
LGD was first granted an investment certificate in 2016 with a total investment capital of 1.5 billion USD. The company produces OLED plastic screens for mobile devices, OLED TV screens, and LCD screens…
According to Hai Phong Newspaper, speaking on behalf of the investors, the leader of LG Display Vietnam – Hai Phong Co., Ltd. said that LG Group has invested more than 8 billion USD in Hai Phong and affirmed: “LG Group will continue to expand its investment scale in Hai Phong as well as in Vietnam.”
The project of Heesung Electronics Co., Ltd. (South Korea) in Trang Due Industrial Park increased its investment capital by 125 million USD, bringing the total to 279 million USD. The project aims to manufacture and assemble automatic positioning liquid crystal modules (LCM), produce touch panels (TPS) and automatic positioning light guide panels (LGP).
Among the newly licensed projects, the one with the highest investment capital is the project of a joint venture between Hai Phong Port Joint Stock Company and investors Terminal Investment Limited (TIL) and MSC Group from Switzerland, with a total investment capital of 156 million USD.
According to the cooperation agreement, Hai Phong Port and TIL will establish a joint venture to operate two international container terminals No. 3 and 4 belonging to the Hai Phong International Gateway Port project at Lach Huyen.
The project includes two main berths of 750m, one barge berth of 150m, a system of cargo yards, roads, auxiliary works, and synchronous technical infrastructure, capable of receiving vessels with a capacity of 8,000 – 14,000 TEU, equivalent to 100,000 – 160,000 DWT, meeting a cargo throughput of 1.1 million TEU/year. The total investment of the project is nearly VND 7,000 billion.
The Golden Province: Luring Over 50 FDI Projects in Nearly 4 Years
“Nghệ An has emerged as a prominent destination for FDI in Vietnam, attracting a significant number of large-scale projects. The province’s strategic approach to investment attraction has played a pivotal role in this success, positioning Nghệ An as a favorable location for major investments.”
“Investing in Vietnam: Access to 65 of the World’s Top Markets”
On the morning of November 8th, Prime Minister Pham Minh Chinh attended a Vietnam-China business forum in Chongqing city. The forum was organized by the Ministry of Planning and Investment, the Committee for Management of State Capital at Enterprises, and the Vietnamese Embassy in China, in collaboration with the Chongqing municipal government.
“A Mountainous Border County Secures Over $3 Billion in Investment for a Sea Port Industrial Zone, Creating 13,800 Jobs”
This land holds immense strategic significance for Quang Ninh province and Vietnam as a whole. Its location is key, offering a unique and vital advantage to the region.
When Will the Market Correction Be Over?
Sharing his insights at the ‘Khớp lệnh’ program on November 4, 2024, expert Tran Hoang Son, Market Strategy Director at VPBank Securities Joint Stock Company (VPBankS), opined that the market needs to adjust to a more attractive level to lure mid to long-term investors.
Unlocking the Secrets of Ninh Binh’s Tourism Success: Welcoming Nearly 7.7 Million Visitors
In 2024, Ninh Binh’s tourism sector aims to welcome 7.5 million visitors, including 6.6 million domestic tourists and 900,000 international tourists. The sector also targets a revenue of VND 8,250 billion.
