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Attracting 5.26 billion USD of foreign investment, Hai Phong surpassed Ho Chi Minh City, Long An

07/01/2022

By the end of 2021, Hai Phong has surpassed localities such as Ho Chi Minh City, Hanoi, Binh Duong … to rise to the top position in attracting foreign investment flows.

LG Display Vietnam 2 times adjusted to increase the total investment capital of 2.1 billion USD. Photo: TL

According to the Foreign Investment Department (Ministry of Planning and Investment), in 2021, foreign investors have invested in 59 provinces and cities across the country. Hai Phong surpassed Ho Chi Minh City, Hanoi, Binh Duong, Long An… to take the lead in the whole year with a registered capital of over 5.26 billion USD, accounting for 16.9% of the total registered investment capital of the whole country, and nearly 3.5 times higher than the same period in 2020.

The second place is Long An with 3.84 billion USD, accounting for 12.3% of the total investment capital of the country. Ho Chi Minh City ranked third with nearly 3.74 billion USD, accounting for nearly 12% of total investment capital, down 14.2% over the same period. Next is Binh Duong, Bac Ninh, Hanoi…

Among the big investors in Hai Phong must be LG – an electronics corporation from Korea. LG Display Vietnam Co., Ltd. (LGD) in the past year has adjusted to increase investment capital twice with the first increase in registered capital of $750 million and an increase of $1.4 billion 6 months later. With these 2 capital additions, LGD’s total capital increased to $4.65 billion, becoming the largest FDI enterprise in Hai Phong.

Meanwhile, Regina Miracle International Vietnam Co., Ltd in VSIP Hai Phong industrial park has adjusted to increase investment capital by 100 million USD. Or Flat Vietnam Co., Ltd in Dinh Vu industrial park increased by $75 million. Previously, this business invested $200 million to produce solar glass, float glass and interior glass.

Source: Baomoi

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