Early 2021: Partner Apple, LG Group invested more than 1.3 billion USD in Vietnam
2/17/2021 10:53:18 AM
n the early days of 2021, there were many "huge" FDI projects invested in localities of Vietnam, including big partners such as Apple partner, LG Group, Korea.
More than 2 billion USD of FDI invested in Vietnam
The Foreign Investment Department (Ministry of Planning and Investment) said that the total foreign investment capital in Vietnam in January 2021, including newly registered capital, adjusted registered capital and capital contribution value, Share purchase by foreign investors ( FDI ) is more than 2 billion USD.
Specifically, foreign businesses have invested in 14 sectors, in which processing and manufacturing are leading with a total investment of nearly 1.54 billion USD, accounting for 76.4% of total investment capital. private registration.
There are 33 countries and territories investing in Vietnam, of which Singapore leads with total investment capital of 680.7 million USD, accounting for 33.8% of total investment. China ranked second with a total investment capital of 618 million USD, accounting for 30.6% of total investment capital. Hong Kong ranked third with a total registered investment capital of 221.3 million USD, accounting for nearly 11% of total investment capital. Followed by the US, Netherlands, Korea, ...
In particular, in the early days of 2021, there were many "huge" FDI projects invested in localities of Vietnam, notably in Hai Phong, Bac Giang, Quang Ninh, Dong Nai ...
For example, January 18 in the city. Bac Giang, Bac Giang Provincial Peoples Committee held the Investment Registration Certificate Ceremony for 4 projects of 3 investors, including: Fukang Technology Factory Project of Foxconn Singapore PTE Ltd (an Apple partner) ; Project Ja Solar PV Vietnam photovoltaic cell technology of investor Ja Solar Investment (Hong Kong) Limited; Risesun New Material Vietnam Factory Project and Kodi New Material Vietnam Factory Project of Risesun Investment Pte. Ltd (Singapore) with a total registered capital of nearly 570 million USD.
Accordingly, the project Fukang Technology Factory invested in Quang Chau Industrial Park with the goal of manufacturing and processing tablets and laptops, with a capacity of about 8 million products / year, the total registered investment capital is 6,233 billion Dong, equivalent to 270 million USD.
Ja Solar PV Vietnam photovoltaic cell technology project, invested and implemented in Quang Chau industrial zone with the goal of manufacturing photovoltaic cells, with a capacity of 3.5 million GW / year, total registered investment capital is 4,848 billion dong, equivalent to 210 million USD.
Risesun New Material Vietnam Factory project, invested and implemented in Lot CN-09, Hoa Phu industrial park with the goal of a project of manufacturing products from plastic and composite, with a capacity of 46 million m2 / year, the total registered investment capital is 1,740 billion VND, equivalent to 75 million USD.
And Kodi New Material Vietnam Factory Project, invested and implemented in Lot CN-10, Hoa Phu industrial park with the goal of a project to manufacture colored PVC decorative films, with a capacity of 70 million m2 / year. , the total registered investment capital is 139 billion dong, equivalent to 6 million USD.
Vietnam is an attractive destination, LG Group Korea spent hundreds of millions of dollars
Recently, the City Peoples Committee also awarded the Investment Registration Certificate of LG Display Hai Phong Project to LG Display Vietnam Hai Phong Co., Ltd. with an investment capital of 750 million USD. This is the first major FDI project in the new year 2021.
According to research, the project LG Display Hai Phong is invested by LG Display Co., Ltd under LG Group, Korea. The project is implemented in Trang Due Industrial Park. This is the additional investment capital adjusted from the total investment capital of 2.5 billion USD previously invested. The projects goal is to expand production of OLED TV products, plastic OLED screens for devices, LCD screens ...
In addition, the Quang Ninh Economic Zone Authority has awarded the investment certificate for the factory project Lioncore Vietnam with a total investment of 30 million USD.
It is known that the project is invested by Singapore Lioncore Industries Company. The factory is located in Dong Mai Industrial Park, Quang Yen town (Quang Ninh province) with the main production activity of Vinyl Tiles / Plank flooring, with a capacity of nearly 14 million m2 / year. It is expected that by the end of December 2021 the project will complete the construction items and officially go into production.
It is expected that in the first quarter of 2021, the Quang Ninh Economic Zone Authority will also guide investors to complete the procedures for preparing and issuing investment certificates for 6 new investment projects and 1 cashew project. adjusted to increase investment capital with a total registered capital of over 200 million USD. These projects are in the processing and manufacturing industries in accordance with the provinces strategic direction.
According to the Ministry of Planning and Investment, in the trend of shifting investment in the world, Vietnam is an attractive destination and is interested by investors. Vietnam has many advantages such as political stability, macroeconomic stability, geographical location, environmental land conditions, human resources ... Infrastructure of industrial zones, export processing zones and economic zones. economy in the country continues to be improved and upgraded to catch investment capital inflows.