The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.
To date, Hai Phong has lured more than 1,000 FDI projects, valued at nearly 28 billion USD. (Photo: VNA)
Hai Phong (VNA) – The northern port city of Hai Phong reeled in more than 3 billion USD worth of foreign direct investment (FDI) in the past nine months, up over 140% year-on-year and exceeding the yearly plan by over 52%.
With these results, the city has kept its top position nationwide in terms of FDI attraction.
In September alone, the Hai Phong Economic Zone Authority (HEZA) granted investment registration certificates to new projects valued at nearly 1.4 billion USD in total. It also gave the green light to the Japanese-funded Kyocera Document Solutions Inc. to add 237.5 million USD to its machinery-equipment manufacturing project in VSIP Hai Phong.
Le Trung Kien, head of HEZA, attributed the sound growth to HEZA’s proactive promotion of the local business climate.
According to him, the city continues to attract selective investment, and actively cooperate with leading global conglomerates in sectors and industries prioritised by Vietnam. Hai Phong is devising its own mechanisms to promote modern technology projects with commitments to technology transfer, market expansion, supply chain and human resources development, helping domestic businesses participate more deeply in the global value chain.
To date, Hai Phong has lured more than 1,000 FDI projects, valued at nearly 28 billion USD./.
A workshop to call for investment and introduce potential and strengths of the northern port city of Hai Phong was held by DEEP C Industrial Zones and the Hai Phong Economic Zone Authority (HEZA) on October 20-21.
A business conference took place at the Japan-Hai Phong industrial park (previously called Nomura-Hai Phong) in the northern coastal city of Hai Phong on February 16.
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A mere 11% of the nearly 200,000 workers at industrial and economic zones across Hai Phong have high professional and technical qualifications, hence the northern port city’s enormous demand for a high-quality workforce between now and 2025.
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To date, Hai Phong has lured more than 1,000 FDI projects, valued at nearly 28 billion USD. (Photo: VNA) 
