Leaders of the northern province of Hai Duong on January 2 granted investment licenses to firms from Hong Kong (China) and Seychelles to operate in local industrial parks.
The projects are invested by Leo Paper Bags Manufacturing (1982) Limited of Hong Kong, and True Voice International Inc of Seychelles.
With a total investment of over 40 million USD, the Hong Kong firm focuses on producing paper bags and cards. It covers 8 ha of land in the Cam Dien-Luong Dien Industrial Park in Cam Giang district. The plant is scheduled to become operational in July 2021.
Meanwhile, True Voice International Inc invested its project in the Cong Hoa Industrial Park in Chi Linh town with total investment of 8 million USD. The plant, which specialises in producing machinery and components related to audio amplification equipment, is expected to be put into operation in 2020.
This is the second project invested by the Seychelles firm in Hai Duong. Previously, the enterprise implemented a 5.1-million-USD project in the Phu Thai Industrial Park of Kim Thanh district.
In 2018, Hai Duong attracted over 532 million USD of foreign investment, up 51.3 percent year-on-year. The locality granted investment licenses to 38 new projects with total registered capital of over 224 million USD, and 36 capital-added projects worth 308 million USD.
Total investment of foreign direct investment (FDI) enterprises in Hai Duong is estimated to reach 490 million USD, 8.8 percent higher than that of 2017, lifting the total disbursement of FDI firms in the locality so far to 4,590 million USD, accounting for 60.4 percent of the registered FDI.