As of December 20, the total newly registered, adjusted and contributed capital of foreign investors in Vietnam had reached over 31.15 billion USD, up 9.2% over the same period in 2020.
According to statistics of the Foreign Investment Department, the LNG Long An I & II Power Plant projects, the O Mon II thermal power plant project and the LG Display Hai Phong project had the largest registered capital in 2021.
On March 21, the People's Committee of Long An province granted the decision on investment policy and the investment registration certificate for the LNG Long An I & II Power Plant to VINACAPITAL GS ENERGY PTE Company. LTD to invest in Southeast Asia industrial service zone under Long An international port project.
The project has an area of about 90 hectares, located in the Southeast Asia industrial service zone (Tan Tap commune, Can Giuoc district, Long An province) with an area of 239 hectares belonging to the Long An international port project. The factory's investment capital is estimated at 3 billion USD, expected to start operation in December 2025.
The project has an expected capacity of 3,000 MW, including two combined cycle gas turbine plants with a capacity of 1,500 MW each, operated by VINACAPITAL GS ENERGY PTE. LTD.
With the goal of generating, transmitting and distributing electricity in Long An, investment in this is an important turning point in the process of promoting the strong development of the Mekong Delta.
In 2021, LG Display Hai Phong project was adjusted to increase investment capital by 2.15 billion USD. In particular, the capital was increased by 750 million USD on February 4 and by 1.4 billion USD on August 30.
LG Display Vietnam Hai Phong Company was first licensed in 2016 with a total investment of 1.5 billion USD. The company specializes in producing plastic OLED screens for mobile devices, OLED TV screens, and LCD screen.
Over the past 5 years, LGD has continuously incrased investment capital and expanded production scale. So far, LG Display Hai Phong project has experienced 7 adjustments, with 4 times of capital increase.
With the increase of investment capital in 2021, LGD has raised the total investment capital in Hai Phong to 4.65 billion USD and become the project with the largest investment capital in the city.
On February 8, Can Tho City People's Committee granted the investment registration certificate of O Mon II thermal power plant project to an investor who is a consortium between Construction Trade Joint Stock Corporation (Vietrancimex) and Marubeni Group (Japan).
O Mon II Thermal Power Plant Project is located at O Mon Power Center (Phuoc Thoi ward, O Mon district, Can Tho city). The project has a design capacity of 1,050MW.
The total investment of the project is 30,560 billion VND, equivalent to 1.31 billion USD, of which 20% is equity (equivalent to 6,112 billion VND) and 80% is commercial loan (equivalent to 24,448 billion VND) ).
It is expected that the project will be completed and officially put into commercial operation in 2024 - 2025, ensuring compliance with the general progress of the Block B gas-electricity project chain.
The investor of this paper factory project - Vina Kraft Paper Co., Ltd - was granted an investment registration certificate on July 23. The project has a total investment capital of 611.4 million USD.
With a capacity of 800,000 tons/year, the goal of the project is to produce kraft paper, lining paper and packaging paper in Vinh Phuc.
Vina Kraft Paper Co., Ltd was established in January 2007 and started commercial operations in the second quarter of 2009. This is a joint venture between Siam Kraft Industry Co., Ltd. (SCGP) contributing 70% of capital and Rengo Japan Co., Ltd. contributing 30%.
Previously, this company owned 2 paper and packaging factories with a total capacity of 500,000 tons per year in Binh Duong province.
On May 21, Polytex Far Eastern Co., Ltd., a subsidiary of Far Eastern Group (Taiwan), received a certificate of capital adjustment (increasing by 610 million USD) to expand its production capacity of polyester synthetic fiber products, cotton spinning products in Bau Bang industrial zone, Bau Bang district.
It is known that the initial investment capital of Far Eastern Group's factory in Vietnam was 274 million USD. After two adjustments to increase capital, Far Eastern Group has now raised the total investment capital in its production zone in Binh Duong province to 1.37 billion USD.
This is one of the investment projects that serve the large-scale textile industry of Far Eastern Group investing in Vietnam.
Source: vietnamfinance
Compiled by VietnamCredit
