The northern port city of Hai Phong remained the biggest magnet for foreign direct investment (FDI) inflows in the first 10 months of this year, attracting nearly 3.1 billion USD, up 68% year on year, or equivalent to over 153% of the yearly target, said Chief of the Office of the municipal People’s Committee Nguyen Ngoc Tu.
Hai Phong (VNA) – The northern port city of Hai Phong remained the biggest magnet for foreign diꦛrect investment (FDI) inflows in the first 10 months of this year, attracting nearly 3.1 billion USD, up 68% year on year, or equivalent to over 153% of the yearly target, said Chief of the Office of the municipal People’s Committee Nguyen Ngoc Tu.
In late September, the Hai Phong Economic Zone Authority (HEZA) granted licences to projects, with a total capital of nearly 1.4 billion USD.
According to HEZA Director Le Trung Kien, Hai Phong is highly expected to develop into a modern, smart, and sustainable industrial city in So𝔍u🐓theast Asia.
To draw new investors, the city has pooled all possible resources to establish South Hai Phong Economic Zone and embarked on building new industrial zones as planned.
At the same time, it has further invested in transportation infrastructure, seaports, along with a system of standard and modern warehouses ready to meet the needs of investors.
The city is upgrading the power grids to stably supply electricity for industrial parks and investors, expediting the completion of social housing infrastructure to ensure stable accommodations for workers, and accelerating digital transformation in service of the public and businesses.
Towards the target of net zero greenhouse gas emissions by 2050, Hai Phong city has also rolled out various mechanisms and policies to encourage businesses to switch to the use of new and renewable energy, biodegradable materials, circular economy practices, and establish Deep C ecological industrial zones.
With concerted solutions and a commitment to create the best conditions for investors and businesses, Hai Phong always opens its door to welcome them and pledges to become an ideal destination with all possible support for their most efficient operations, Kien said.
To date, Hai Phong has attracted over 1,000 FDI projects valued at nearly 28 billion USD, including 708 projects in industrial and economic zones./.
The People's Committee of Hai Phong City has issued a plan to conduct surveys and collect opinions from people and organizations to measure their satisfaction with the services of state administrative agencies in the city.
The recognition of Ha Long Bay - Cat Ba Archipelago as a World Natural Heritage site by UNESCO in September has positively impacted the tourism industry in the northern port city of Hai Phong, home to the Cat Ba islands.
Having the most strategic location in the northern port city of Hai Phong – Vietnam’s top FDI attraction destination – and covering a vast area of 1,329 hectares near the sea, the Nam Dinh Vu industrial zone has been asserting its strong appeal to domestic and international investors and conglomerates.
The Hai Phong Economic Zone Authority (HEZA) has taken various solutions to improve the quality of human resources for businesses at industrial and economic parks in the northern port city.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
Illustrative image (Photo: VNA)
