Hai Phong ranks 2^nd in FDI disbursement

According to Foreign Investment Agency statistics, total foreign direct investment (FDI) disbursement in nationwide calculated from 1^st January up to 20^th April 2012 achieved USD 4.267 billion, equal to 68.5% of the same period last year. However, due to a number of large projects scheduled to be licensed in the last week of April, the actual registered capital would be higher than the reported figure. Hai Phong ranks second in nationwide FDI disbursement with an amount of USD 926 million, only behind Binh Duong with USD 1,264.3 million.

Out of USD 4.267 billion of total registered capital, 169 newly licensed projects made up USD 3.099 billion, accounting for 44.1% of total number of projects and 72.6% of total attracted capital as compared to the same period last year. 73 projects, which had been licensed in previous years, registered to increase capital by USD 1,168.1 million. Total implemented capital in the first 4 months was estimated USD 3.6 billion, a decrease of 0.3% from the same period last year.

Among the large projects, Wintek Vietnam Co., Ltd. which had increased its invested capital up to USD 1.12 billion in Quang Chau Industrial Zone, Viet Yen District, Bac Giang Province, formed up the biggest FDI project in provincial scale. Other two large projects invested in Hai Phong named Bridgestone automobile tires manufacturing project with total invested capital of USD 575 million in Dinh Vu Industrial Zone, and Nipro Pharma project with total invested capital of USD 250 million to produce pharmaceutical products and medical instruments in VSIP Hai Phong Integrated Township and Industrial Park in Thuy Nguyen District.