Hai Phong pledges favourable conditions for Taiwanese investors
The Economic Zone Authority of northern Hai Phong city (HEZA) pledged the most favourable administrative procedures for foreign investors, while meeting with China’s Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) on September 28.
The meeting between the Hai Phong Economic Zone Authority and representatives of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) on September 28 (Photo: VNA)
Hai Phong (VNA) – The EconomicZone Authority of northern Hai Phong city (HEZA) pledged the most favourableadministrative procedures for foreign investors, while meeting with China’sTaiwan Electrical and Electronic Manufacturers’ Association (TEEMA) onSeptember 28.
This was the third delegation ofTaiwanese businesses to visit Hai Phong since the start of this month to learnabout the local investment climate.
At the meeting, HEZA made known thecity’s advantages, including infrastructure and human resources, along with incentives for investors at its economic zones (EZs) and industrial parks (IPs).
It also highlighted thereadiness to connect Taiwanese enterprises and investors with Hai Phong universities,vocational schools, and training establishments to boost cooperation in improvinghuman resource quality.
Developers of IPinfrastructure also provided an overview of local IPs and EZs, investmentattraction orientations, logistics potential, and transport and technicalinfrastructure there.
The TEEMA delegation expressed theirinterest in local potential, advantages, and investment attraction policies.
As of August 31, HaiPhong was home to 60 Taiwanese projects worth 1.46 billion USD, accounting for6.1% of the total foreign direct investment (FDI) in the city. Twenty-seven of theprojects are located in IPs and EZs, with a combined capital of 1.25 billion USD.
Taiwanese firms in thecity posted revenue of 1.15 billion USD in 2021 and 668 million USD in thefirst half of this year, statistics show./.
The Hai Phong Economic Zone Authority (HEZA) on August 10 organised an investment promotion with supporting supporting businesses of the Republic of Korea’s multinational conglomerate corporation LG.
The People’s Committee of Hai Phong city and the Korea Chamber of Commerce and Industry (KCCI) jointly organised a conference on investment promotion with the Republic of Korea (RoK)’s enterprises and another with supporting firms of LG Group in Seoul capital and Gyonggi province on August 23-24.
Various investment promotion activities have been organised recently by authorities of Hai Phong to popularise the northern city as a dynamic and potential destination for investors.
The Hai Phong Economic Zone Authority (HEZA) on September 12 hosted a meeting with a business delegation from Taiwan (China) to introduce cooperation and investment opportunities in the northern city.
More than 60 Japanese and Vietnamese enterprises based in the northern port city of Hai Phong and neighbouring localities attended a technology networking event hosted by Hai Phong’s Department of Science and Technology on September 13.
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The meeting between the Hai Phong Economic Zone Authority and representatives of the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) on September 28 (Photo: VNA) 
