Hai Duong grants licences to two first foreign-invested projects in 2019
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.
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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 US$40 million, 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 US$8 million. 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 US$5.1 million project in the Phu Thai Industrial Park of Kim Thanh district.
In 2018, Hai Duong attracted over US$532 million of foreign investment, up 51.3% year-on-year. The locality granted investment licenses to 38 new projects with total registered capital of over US$224 million, and 36 capital-added projects worth US$308 million.
Total investment of foreign direct investment (FDI) enterprises in Hai Duong is estimated to reach US$490 million, 8.8% higher than that of 2017, lifting the total disbursement of FDI firms in the locality so far to US$4,590 million, accounting for 60.4% of the registered FDI.
