The northern port city of Hai Phong licensed fiveforeign-invested projects worth nearly US$1.59 billion in the thirdquarter of this year. Nomura Hai Phong Industrial Zone Development Corporation (NHIZ) is one of the most attractive destinations for FDI projects in the northern port city of Hai Phong. According to the latest report of the Hai Phong Economic ZoneManagement Board, of the new foreign-invested projects, the mostsignificant was the $1.5 billion one invested by LG Electronics from theRepublic of Korea. The four other foreign-invested projects were King Plastic Pte Ltdand Dongbu Singapore Pte Ltd (both from Singapore), IML Technology(Indonesia) and Knauf International (Germany). The management board also granted investment certificates to threedomestic projects with a total registered capital of over VND290 billion($13.8 million). In addition, the city authority agreed to add $25.1 million to theinvestment capital of seven ongoing foreign-invested projects. In the first nine months of this year, the Dinh Vu-Cat Hai EconomicZone in the city attracted 13 foreign-invested projects valued at $1.776billion and 11 local-invested ones, worth VND1.765 trillion ($84million). By the end of September this year, the city’s economic and industrialparks had 138 valid foreign-invested projects with a total registeredcapital of $5.368 billion and 70 domestic ones worth more than VND 36trillion ($1.7 billion).