Hai Phong strives to become a modern industrial city of Southeast Asia by 2030; with a vision to 2045, the City will achieve a high level of development, one of the leading cities in Asia.
Lach Huyen International Port in Hai Phong is the first deep-sea port of the Northern key economic region. (Photo: Duc Nghia/VNA)
The economic, social, transport and urban infrastructures developed synchronously and modernly, along with creating an equal business and investment environment and improving competitiveness have been creating favorable conditions and attraction for domestic and foreign investors, promoting the potential of the port city.
Strong investment of capital resources
Domestic investment groups with a lot of experience and resources have chosen Hai Phong as a "destination" including Vingroup, Sun Group, Flamingo Group, and Gleximco Group...
Vingroup has selected Hai Phong to invest in multi-field construction (industry, commerce, health care), of which, VinFast Automobile Factory officially started the mass production phase. The design capacity of phase 1 is 250,000 vehicles/year, the one of phase 2 is 500,000 vehicles/year, and the production speed is 38 vehicles/hour.
According to Mr. Nguyen Viet Quang, Vice Chairman of Vingroup, the establishment of VinFast demonstrates the desire to build a world-class Vietnamese brand and affirms the Vietnamese people's ability to master modern technology.
Through the field of automobile and motorcycle manufacturing - one of the leading industries with a strong impact on many other industries, Vingroup also wants to contribute to fostering the development of heavy industry and manufacturing sector in Vietnam, realizing the national cause of industrialization and modernization.
Especially, in the middle of last September, at VinFast Hai Phong Factory, VinFast organized the handover of the first 100 VF8 electric cars to customers who made the earliest deposits. The event marked a historic milestone of the Vietnam automobile industry when smart electric vehicles were launched for the first time and ready to conquer the world.
According to the plan, after handing over cars in Vietnam, VinFast will export the first batch of VF8 cars of about 5,000 units to the United States, Canada, and Europe in early November of this year.
It is expected that the first international customers of VinFast can receive their cars in December.
Recently, on September 29, also at VinFast Hai Phong Factory, VinFast Trading and Service Company Limited held the handover of the first batch of Evo200 smart electric motorcycles for customers who make the earliest deposits.
As the model with the three best features (the newest one, the longest distance one, and the best price one), Evo200 quickly reached 18,000 orders after only 48 hours of receiving deposits and became the best-selling motorcycle model since September 21, 2022.
Sun Group has started projects in Cat Hai Island District by building the cable car route of Cat Hai - Phu Long, with the highest cable car pole in the world. The cable car route has a design of 60 cabins with 30 guests for each one, operating at a maximum speed of 8m/s, having a capacity of 4500 guests/hour.
Mr. Dang Minh Truong, Chairman of the Directors Board of Sun Group, shared that Cat Hai-Phu Long cable car route is the first one in a chain of high-class tourism products such as golf courses, Onsen hot spring resorts, coastal cultural villages, public beaches, cruise ship ports... which will be deployed by Sun Group in the future.
After this cable route, there will be many new projects, bringing Cat Ba to become a world-class resort and entertainment ecosystem, turning Northern Pearl Island into a leading tourist paradise in Vietnam and the world.
Also in Cat Hai Island District, Flamingo Group built a 5-star Flamingo Cat Ba Resorts - a super complex resort with a different architectural style in Lan Ha Bay, which was voted as the most beautiful bay in the world.
Bringing Cat Ba a new appearance and helping visitors enjoy the natural beauty, high-class accommodations, and entertainment services, Flamingo Cat Ba Beach Resort is expected to create a driving force to make the green pearl in the Gulf of Tonkin closer to tourists, contributing to turning Hai Phong into the center of marine tourism in the North...
The "magnet" to attract FDI
With advantages, outstanding potential, and flexibility in investment promotion and attraction activities of Hai Phong, they have created a strong attraction for foreign investors. There have been many direct meetings and exchanges between Hai Phong City leaders and representatives of investors from other countries for expanding cooperation in many fields and achieving strategic goals set out between the parties.
Producing rolled steel for export at JFE Shoji Hai Phong Steel Co., Ltd., invested by Japan, at VSIP Hai Phong Urban Industrial Park. (Photo: Danh Lam/VNA)
In many countries coming to invest in Hai Phong, it must be mentioned to the Republic of Korea. At a recent courtesy meeting with the Korean National Assembly delegation, Secretary of Hai Phong City Party Committee Mr. Tran Luu Quang emphasized that the Republic of Korea is one of the leading economic partners of Vietnam, ranking the first place of investment, the second place of ODA, the third place of trade.
For Hai Phong in particular, the Republic of Korea is the leading investor in terms of both investment capital and project number, out of a total of 80 billion USD invested by the Republic of Korea in Vietnam, there are 10 billion USD invested in Hai Phong.
Continuously promoting the results achieved, Hai Phong also held an investment promotion conference with Korean enterprises in the Republic of Korea at the end of August. Chairman of Hai Phong City People's Committee Mr. Nguyen Van Tung said that this conference will open a new development stage for the Vietnam-Korea strategic cooperative partnership and development cooperation relationship between Hai Phong City and Korean localities, agencies, organizations, and enterprises.
At another event, on September 28, Hai Phong Economic Zone Authority held an Investment Promotion Conference with Taiwan Electrical and Electronic Manufacturers' Association (TEEMA), Taiwan-Vietnam High Technology Cooperation and Promotion Committee (ICT), Taiwan-Vietnam Association for Economic Development, Culture, and Education (TVECEDE).
Head of Hai Phong Economic Zone Authority Mr. Le Trung Kien said that since the beginning of September 2022, this is the third survey team of Taiwanese (China) enterprises to learn and survey the investment environment in Hai Phong City. These activities demonstrate the strong attention of enterprises to the City as well as the outstanding and attractive potential of the investment environment.
The survey team of Taiwanese (China) enterprises expressed their impression on the Hai Phong City development, potentials, advantages, and investment attraction policies as well as the companionship, attention, and support of the city leaders and Economic Zone Authority with Taiwanese (Chinese) investors...
Hai Phong becomes a dynamic, convenient, and safe investment destination as well as a successful destination for investors. These are the general comments of investors when coming to Hai Phong.
The City currently has 14 industrial parks in operation. In the period from now to 2025, the City will focus on developing and expanding more 15 industrial parks with a total area of 6,148 ha. According to the expected plan, in the fourth quarter of this year, Trang Due 3 Industrial Park will officially come into operation.
By the end of September 2022, in Hai Phong, the attraction of foreign direct investment (FDI) reached nearly 1,253 million USD (including newly granted ones and adjusted capital increase), equaling 45.97% over the same period in 2021, reaching 50.12 % of the plan; in which, 56 newly licensed projects with a capital of 787.76 million USD; 29 turns of projects adjusted to increase capital with the value of 456.4 million USD.
According to Chairman of the City People's Committee Mr. Nguyen Van Tung, Hai Phong committed to maximum support for investors, enterprises, and partners who come to survey and deploy investment cooperation activities in the City; and the City focuses on investing in key areas such as: processing and manufacturing industry, electric-electronic industry, logistics services, infrastructure development, urban areas.
Hai Phong City also wishes to continue to strengthen comprehensive cooperation with partners in building smart cities and e-government, developing education, health, human resources, and labor market; enhance the investment, trade and tourism promotion activities with other countries..., contribute to the construction and development of Hai Phong City by 2030, the City will become a modern, smart, sustainable industrial city of Southeast Asia; With a vision to 2045, Hai Phong will have a high level of development among the leading cities in Asia.