Northern Hai Duong province attracted domestic investment of over VND3.4 trillion ($143 million) in the first half of the year, a 14-fold increase compared to the same period last year, figures from the provincial Department of Planning and Investment show.

Provincial authorities approved six investment projects with total registered capital of VND535 billion ($22.57 million) and adjusted 35 projects, adding over VND2.88 trillion ($121 million).

Of these, the Tai Long Farm Product Processing Ltd. Co was licensed to build a high-tech factory processing agricultural products in Binh Giang district with total investment capital of VND67 billion ($2.82 million), and the Dai An Industrial Zone Infrastructure Development Ltd. Co increased its investment by VND2.3 trillion ($97 million) to expand the Dai An Industrial Park to nearly 228 ha.

Since September 2022, local authorities have issued a number of regulations to boost administrative reform to accelerate the appraisal of investment projects and create favorable conditions for businesses.