Haiphong licenses Hong Kong investment project

Feb 04, 2014 / 11:18 AM

The Haiphong Economic Zone Management Board has just granted an investment license to Hong Kong’s Apex Wealth Internatiol Limitenad.

The US$14 million factory, to sit on 29,810sq.m., is designed to produce 12 million pairs of high-quality stockings a year at the Vietnam-Singapore Industrial Park (VSIP) Haiphong.

The project is scheduled to get off the ground in June 2014 and churn out first commercial products a year later.

Apex is the third foreign direct investment (FDI) project Haiphong has attracted so far this year.

The Ministry of Planning and Investment reports Vietnam attracted US$397.2 million in newly-registered and additional FDI in January 2014, equivalent to 78.1% of last year’s January figure.

A total of US$465 million was disbursed in the reviewed period, a year-on-year rise of 3.3%.

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