A delegation led by Mr. Lê Tiến Châu, Member of the Central Party Committee, Secretary of the Hai Phong City Party Committee, and Head of the National Assembly Delegation, has recently concluded a productive visit to China. During the investment promotion conference and bilateral meetings with major corporations, the Secretary reaffirmed Hai Phong's unwavering commitment to fostering a favorable environment for investors, emphasizing the guiding principle that "The success of businesses is the success of the city."
The centerpiece of the delegation's trip was the Investment Promotion Conference held in Shenzhen, which brought together around 300 Vietnamese and Chinese enterprises.
At the meetings with major international corporations like ZTE, TCL, Sunwah, and Shenzhen Holdings Investment Company, Vice Chairman of Hai Phong People’s Committee, Mr.Lê Anh Quân highlighted the city’s remarkable achievements in economic and social development in recent years. Notably, Hai Phong has emerged as a standout performer in Vietnam, attracting an average of USD 2.5 billion in foreign investment annually.
These achievements position Hai Phong as a top investment destination, especially for Chinese businesses. To date, the city hosts 405 investment projects from China, with a total capital of USD 6.14 billion. Two industrial parks, An Duong Industrial Park (developed by Shenzhen Holdings) and Do Son Industrial Park, are already funded by Chinese investors. These successes solidify Hai Phong's reputation as an attractive and fruitful investment hub for Chinese enterprises.
City authorities also emphasized Hai Phong’s competitive advantages, particularly in transportation and industrial infrastructure. In addition to the Đình Vũ-Cát Hải Economic Zone and 14 operational industrial parks, Hai Phong is preparing to establish 15 new industrial parks to welcome future investors, including those from China. The city is also working on the development of a 20,000-hectare South Coastal Economic Zone, designed with a green and sustainable focus. Over the past two decades, Hai Phong has been an active participant in the economic corridor cooperation involving five provinces and cities—Hanoi, Hai Phong, Quang Ninh, Lao Cai (Vietnam), and Yunnan (China). This collaboration has enhanced its role as a key growth driver in northern Vietnam.
A highlight of the delegation’s trip was the presentation of investment registration certificates to seven enterprises with a total investment value of nearly USD 200 million. These include companies such as Flat Vietnam Co., Ltd., Ways Vietnam Technology Co., Ltd., CFL Holdings Limited, Yuekai Machinery Manufacturing Co., Ltd., HMT New Material Technology Co., Ltd., Finework International, and Autel Vietnam Co., Ltd.
Additionally, a memorandum of understanding was signed between Chinese businesses, the Hai Phong Economic Zone Authority, and industrial park infrastructure enterprises in Hai Phong. The delegation also announced the establishment of an Industrial Real Estate Consulting Center by Shenzhen-Vietnam Investment Co., Ltd. in Hai Phong.
Speaking at both multilateral and bilateral forums, the Secretary of the Hai Phong City Party Committee emphasized that Hai Phong highly values partnerships with Chinese businesses and considers China a priority market for economic, trade, and investment collaboration.. Investors are also guided on accessing tax incentives under global minimum tax policies. Furthermore, the city prioritizes renewable energy projects, such as solar, hydrogen, and offshore wind energy, with a notable focus on wind power development at Bach Long Vi Island.
Hai Phong is also investing heavily in upgrading its transportation infrastructure, including highways, railways, and waterways, to ensure seamless connections to industrial zones. The city aims to bring additional Lach Huyen port terminals into operation by 2025. Mr. Lê Tiến Châu affirmed Hai Phong's commitment to enhancing its investor support systems. These include accelerating digital transformation, developing sufficient social housing for workers, expanding transportation networks, and fostering a highly skilled workforce aligned with business needs. Additionally, Hai Phong is upgrading essential services for foreign investors, including international hospitals, schools, tourist attractions, five-star hotels, and golf courses. The city pledges to create the most favorable conditions and provide maximum support for Chinese and other international businesses to ensure stable operations.