LG Display Haiphong Co., Ltd. expanded capital by $500 million The Haiphong People’s Committee has recently issued LG Display Vietnam Haiphong Company Limited and Rorze Robotech Company Limited adjusted investment registration certificates, adding $500 million and $312 million to their respective investment capitals. LG Display was granted an investment certificate in April 2016 with the total registered capital of $1.5 billion. It produces and processes OLED displays with a monthly capability of 130,000-150,000 TV displays and 7.6-8.6 million plastic displays for mobile devices, building 13 dormitory buildings and services aiding their 12,000 labourers at Trang Due Industrial Zone. Meanwhile, being adjusted for the 6th time and increased by $312 million, the total investment capital of Rorze Robotech is now $426 million. The company is located at Nomura-Haiphong Industrial Zone, whose projects concentrate on producing and assembling robots and related parts, as well as robot … [Read more...] about Haiphong and Hai Duong report skyrocketing FDI figures
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Deo Ca, Hai Van tunnels at risk of shutdown
Deo Ca, Hai Van tunnels at risk of shutdownThe Saigon Times Daily Vehicles are seen passing through Hai Van Pass Tunnel. The tunnel is likely to be shut down due to unpaid electricity bills of over VND2 billion- PHOTO: VNA HCMC – The Deo Ca and Hai Van pass tunnels, the largest in the country, are likely to be shut down because of a shortage in the capital needed for operations. The operator of Deo Ca Pass Tunnel faced losses of VND65.7 billion in the year to October 1, while the investor in Hai Van Pass Tunnel has yet to pay their electricity bills of more than VND2 billion, according to Lao Dong newspaper. Luu Xuan Thuy, deputy general director of Deo Ca Investment JSC, the operator of Deo Ca Pass Tunnel connecting Phu Yen and Khanh Hoa provinces, said the fee collected from tunnel users was much lower than the level approved by the Ministry of Transport, resulting in the company’s losses of some VND7.3 billion per month since early this year. The company has … [Read more...] about Deo Ca, Hai Van tunnels at risk of shutdown
Strong FDI flows poured into Hai Phong, Hai Duong
Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month (Photo: VNA) Hanoi (VNA) – Northern Hai Phong city and Hai Duong province have welcomed big high-tech foreign direct investment (FDI) projects this month, with a combined investment of over 850 million USD. The Hai Phong People’s Committee recently licensed a 500 million USD increase in FDI into an organic light emitting diode (OLED) display production and outsourcing project by the Republic of Korea’s (RoK) LG Display Co. Ltd. The project, which was initially worth 1.59 billion USD, received approval to be built on a 54ha site at the Trang Due Industrial Zone in Hai Phong in April, 2016. It included the construction of a factory producing OLED panels for TVs, mobile phones, smart watches, and tablets; as well as 13 residential buildings that can accommodate up to 12,000 workers at the industrial park. Put into operation last year, the project is … [Read more...] about Strong FDI flows poured into Hai Phong, Hai Duong
First inland container depot to be launched in Hai Phong
Illustration photo The Ministry of Transport has inked a decision on expansion of Quang Binh - Dinh Vu ICD, which is located at Dinh Vu Industrial Park, Hai An District, Hai Phong City. The construction of the depot aims to exploit and launch services and import-export procedures in line with the Decree No. 38/2017/NĐ-CP on construction and operation management of inland container depots. The depot is invested with more than VND400 billion and launched within 50 years. The Quang Binh-Dinh Vu ICD will be developed in three phases, with the first phase including a warehouse capable of handling 100,000 tons of goods per year and the yard’s capacity of 400,000-500,000 TEU per year. By Thuy Dung … [Read more...] about First inland container depot to be launched in Hai Phong
Hai Phong has first inland container depot
Once operational, the Dinh Vu-Quang Binh Inland Container Depot will be able to handle 100,000 tonnes of goods and have yard capacity of 400,000-500,000 TEU per year (Source: baogiaothong.vn) Hanoi (VNA) – Deputy Transport Minister Nguyen Van Cong recently signed a decision on the opening of the Dinh Vu-Quang Binh Inland Container Depot (ICD) at the Dinh Vu Industrial Park in the northern port city of Hai Phong. Covering some 26 hectares, the more than 400 billion VND (17 million USD) project will be the first ICD in Hai Phong and one of the biggest in the northern region. Once operational, the three-phase project will be able to handle 100,000 tonnes of goods and have yard capacity of 400,000-500,000 TEU per year. The Transport Ministry has asked Quang Binh Import & Export JSC – the project’s investor - to use the depot only after the company completes necessary procedures, while ensuring safety, security and firefighting and preventing pollution. The … [Read more...] about Hai Phong has first inland container depot