Hai Phong City commits to creating favorable conditions to support Chinese enterprises to survey and seek investment and business cooperation opportunities here.
That was the content brought up at a recent meeting between Hai Phong City leaders and a delegation of Chinese businesses to learn about the business investment environment and investment attraction policies of Hai Phong.
At the meeting, Mr. Hoang Minh Cuong - Vice Chairman of Hai Phong City People's Committee said that Hai Phong City has a special position in the Northern region, with a synchronous infrastructure system, inter-regional and international traffic connections and the largest seaport system in the North.
In 2024, the growth rate of gross regional domestic product (GRDP) will reach 11.01%. This is the 10th consecutive year that Hai Phong City has maintained double-digit growth. Hai Phong City is always in the top of the most attractive localities for foreign investors. In 2024 alone, the total foreign investment attraction in the city reached 4.9 billion USD, more than double the set plan.
According to Mr. Cuong, Hai Phong City currently has more than 1,000 FDI projects with a total registered investment capital of 32.2 billion USD from investors from 39 countries and territories. Of which, China is currently the leading country in terms of the number of investment projects and second in terms of total investment capital.
According to Mr. Canh Quang Quan - Chairman of the Board of Directors of Guangzhou Industrial Investment Group Co., Ltd. (China), head of the Chinese business delegation, the current large investment rate of Chinese enterprises in Hai Phong City has shown the attractive investment environment of the city. The business side believes that after this working trip, that potential and opportunity will be materialized into cooperation projects for the two sides to develop together.
According to Mr. Canh Quang Quan, through research and survey of the business and investment markets of many countries in the world, the Southeast Asian market in general, Vietnam and Hai Phong City in particular have great potential, many Chinese enterprises have implemented effective investment cooperation. This is an advantage and valuable experience for the research team to study and learn, and to lay the foundation for cooperation in the fields of automobile industry, electronics, telecommunications, high technology, wastewater treatment with advanced technology, etc.
It is known that Hai Phong City is making efforts to mobilize investment resources for development, expand cooperation, and increase FDI attraction, including cooperation and investment from China, aiming to build and develop Hai Phong into a leading city in the country in the cause of industrialization and modernization.
In addition to the advantages of transport infrastructure, Hai Phong City also makes great efforts to improve the investment and business environment, creating favorable conditions and attracting investors by always maintaining the top position in the country in terms of the Provincial Competitiveness Index (PCI) and the Public Administration Reform Index (PAR-Index). This locality also has preferential policies for investors and especially strongly innovates investment promotion activities...
According to Mr. Bui Ngoc Hai - Deputy Head of Hai Phong Economic Zone Management Board, along with the potential and advantages of Hai Phong City for investment and development, the city has many preferential investment policies for FDI enterprises in general and Chinese enterprises in particular, especially the fastest administrative procedures, human resource training, etc.
According to Mr. Hai, the Hai Phong Economic Zone Management Board is authorized by the city to be the focal point to receive and handle procedures for investors in the Economic Zone and industrial zones quickly and conveniently. Here, all procedures are connected to departments and functional agencies, reducing time and costs for investors...
Currently, Hai Phong City is actively establishing more industrial zones to attract new investors, including investors from China. In particular, the Vietnamese Government has approved the establishment of the Southern Hai Phong Coastal Economic Zone with an area of about 20,000 hectares. This economic zone connects with other coastal economic zones, creating a driving force for the development of the Red River Delta... Thus, Hai Phong City still has a lot of room to attract investment.
“Hai Phong City is committed to creating favorable conditions to support Chinese enterprises to survey and seek investment and business cooperation opportunities in Hai Phong,” Mr. Hoang Minh Cuong emphasized.