Part of the Dinh Vu-Cat Hai economic zone. (Photo: anhp.vn)
Hai Phong (VNA) – The Hai Phong Economic Zone Au🌠thority (HEZA) has announced its plan to lure a new wave of capital in 2016.
According to HEZA deputy head Mai Xuan Hoa, the northern city is targeting investments of 1.8 billion USD from foreign firms and 10 trillion VND (450 million USD) from domestic ones.
As such, speeding up land clearance for infrastructure construction at the Dinh Vu-Cat Hai economic zone is top of the agency’s agenda, Hoa said.
Meanwhile, investment promotions, including providing policy consultation and building a constantly updated database system, are also prioritised .
Administrative procedures will be further overhauled to cut red tape, thus shortening licencing time.
Hai Phong boasts a highly incentivised policy targeting investors and a convenient transport system, which includes the Tan Vu-Lach Huyen deep-water port, Cat Bi international airport and the Hanoi-Hai Phong motorway.
Currently, there are 203 foreign-funded projects operating in industrial parks and economic zones in Hai Phong, with a total registered capital valued at more than 7.9 billion USD. Domestic firms have thus far invested over 46.8 trillion VND (2.1 billion USD) in 99 projects across the city.-VNA
Industrial zones in northern Hai Phong City attracted nearly 908 million USD in foreign direct investment (FDI) by the end of April, a 20-time increase on last year, according to the Hai Phong Economic Zone Authority (Heza).
Industrial zones in northern Hai Phong city lured roughly 35 million USD in foreign direct investment (FDI) in February, evidencing the city’s attractive economic strategy and infrastructure system.
The northern port city of Hai Phong has attracted more than 10.7 billion USD of investments from 450 projects so far, Le Thanh Son, Vice Chairman of the municipal People's Committee said.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Part of the Dinh Vu-Cat Hai economic zone. (Photo: anhp.vn)
